Tag Archives: Alfred Camilleri

Malta judged ‘fiscally secure’ and removed from FATF greylist

SBC News Malta judged 'fiscally secure' and removed from FATF greylist

Malta has ended its year-long purgatory as a ‘greylist’ financial jurisdiction of the Financial Action Task Force (FATF) the global AML and anti-terrorist financing watchdog of the G7. The Times of Malta outlined that the FATF had made the decision to remove Malta from its list of countries under ‘increased monitoring’ and classified as financially untrustworthy.  According to the Times, …

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FATF due to visit Malta to confirm AML action plan

MGA

The Financial Action Task Force (FATF) will visit Malta this Friday, to clarify whether the island’s financial authorities have completed the assigned action plan on AML policies.  Malta had previously been placed on a greylist of financially risky jurisdictions by the FATF – the G7’s AML and anti-terrorist financing investigative unit – after the task force identified a number of …

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Malta moves forward with Action Plan to repair its AML status  

SBC News Malta moves forward with Action Plan to repair its AML status  

The government of Malta has published its action plan to drastically improve AML safeguards and financial compliance duties that have plagued the country’s status as a financial services hub.  The action-plan has been required by the Financial Action Task Force (FATF) of the G7, which this summer placed Malta on its ‘grey-list’ of untrustworthy financial jurisdictions. An FATF evaluation of …

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