MALTA: MONEYVAL AML/CFT MUTUAL EVALUATION REPORT – MORE NEEDED TO INVESTIGATE AND PROSECUTE MONEY LAUNDERING AND STRENGTHEN ITS SUPERVISORY SYSTEM

 

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On 12th September, Moneyval published its July 2019 MER on Malta’s AML/CFT systems.  It calls on the Maltese authorities to strengthen their practical application of their measures to combat money laundering and financing of terrorism.  It acknowledges that the authorities have demonstrated a broad understanding of the vulnerabilities within the system, but a number of important factors – notably predicate offences, financing of terrorism, legal persons and arrangements, the development of new technologies and the use of cash – appear to be insufficiently analysed or understood.

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https://rm.coe.int/moneyval-2019-5-5th-round-mer-malta/16809737c0

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Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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