Malta’s progress in strengthening measures to tackle money laundering and terrorist financing

Malta’s progress in strengthening measures to tackle money laundering and terrorist financing

Click here to download the ‘Anti-money laundering and counter-terrorist financing measures Malta’ Report

 

Overall, Malta has made progress in addressing the TC deficiencies identified in its 5th Round MER and has been re-rated on 8 Recommendations (8, 13, 20, 24, 26, 28, 36, and 38).

 

• Recommendations 8, 13, 24, 26, 28 and 38, initially rated Partially Compliant are re-rated as Largely Compliant
• Recommendations 20 and 36, initially rated Partially Compliant  are re-rated Compliant

 

Malta will remain in enhanced follow-up and will continue to report back to MONEYVAL on progress to strengthen its implementation of AML/CFT measures. Malta is expected to report back to the Plenary in two years.

 

Source: FATF