MALTA: FINANCIAL SERVICES SECTOR LEFT REELING IN WAKE OF HIGH-PROFILE ARRESTS ON MONEY LAUNDERING CHARGES

On 25 March, Malta Today reported that Malta’s business community is in turmoil over revelations in the assassination of Daphne Caruana Galizia and other high-profile money laundering cases.  The outgoing president of the chamber of commerce is quoted as saying that, “We are seeing this onslaught of scandals, revelations and legal proceedings because for many years, hardly any action was taken to follow up on reports and accusations”, and that Malta’s reputation was nowadays in tatters.

https://www.maltatoday.com.mt/news/national/108571/finservices_sector_left_reeling_in_wake_of_highprofile_arrests_on_money_laundering_charges

Any modest contributions for my time and ongoing expenses are welcomed!  I have a page, where contributions start as low as $3, at https://www.buymeacoffee.com/KoIvM842y

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

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s