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Malta decision on FATF grey-listing fate expected for 23 June

Malta yesterday endured a review of its anti-money laundering rules and protocols by the Financial Action Task Force (FATF), after tough weeks of questioning by international assessors. The FATF’s International Co-operation Review Group (ICRG) analysed Malta’s anti-money laundering rules after its recent Moneyval assessment. Based upon...

Who is a PEP? Financial intelligence unit lists all government roles

The Financial Intelligence Analysis Unit has published a list of all government jobs whose authority and control on vast amounts of money and influence, qualifies them as political exposed persons (PEPs) The list, drawn up on advice of the National Co-ordinating Committee on Combating Money Laundering...

ECB confirms supportive monetary policy stance

On June 10, the Governing Council of the European Central Bank decided to confirm its very accommodative monetary policy stance.   The interest rate on the main refinancing operations (MRO) and the interest rates on the marginal lending facility and the deposit facility will remain unchanged at...

Global tax still far from becoming reality

After the accolades, an agreement among the world's wealthiest countries to set a global minimum tax on the biggest companies now faces a long, bumpy road to implementation. The path is complicated even among the Group of Seven rich nations that endorsed the plan, with US...

ECB in hot seat over easy money as economy strengthens

Markets will be looking for clues on Thursday on when the European Central Bank might start winding down monetary stimulus, as the economic rebound from the pandemic accelerates and eurozone inflation surges past the bank’s target. The ECB’s 25-member governing council is widely expected to hold...

Malta assessed as no longer “non-compliant” by MONEYVAL

Malta has passed the MONEYVAL test. The first enhanced follow-up report, dated April 2021, has found that Malta has made sufficient progress to be assessed as no longer non-compliant. The next step is the FATF opinion, expected at the end of June or early July. MONEYVAL...

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