Malta described as ‘success story’ in FATF meetings

In a statement dated 17th June 2022, the FATF said Malta had made “significant progress” and had “strengthened the effectiveness” of its anti-money laundering regime to combat the “strategic deficiencies” the body had highlighted last year.

The FATF concluded a four-day Plenary during which it was confirmed that Malta had made significant progress in addressing AML/CFT deficiencies.  According to Malta’s Prime Minister Robert Abela, Malta has been described as a “success story” during FATF meetings and the country has proven that it is a serious and reputable jurisdiction.

“The FATF congratulated Malta for the significant progress it has made in addressing the strategic AML/CFT deficiencies previously identified by the FATF and included in its action plan. Malta will no longer be subject to the FATF’s increased monitoring process. This comes after the country received an on-site visit. Malta will work with FATF regional partner MONEYVAL, of which it is a member, to continue strengthening its AML/CFT regime”.

Date: 18th June 2022

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