Malta’s anti-money laundering regime has been given the thumbs up by Moneyval ahead of a final vote set for next month. The decision means Malta could avoid measures which would have had major repercussions on the country’s financial services sector.
A Council of Europe anti-money laundering expert committee, known as Moneyval, has given positive feedback on a raft of reforms introduced in recent months.
Earlier this month, Malta sent Moneyval a voluminous report, drafted by a specially set-up national coordination centre, on legal amendments and prosecution figures in the fight against financial crime.
Malta’s efforts to address the shortcomings previously highlighted by Moneyval should be accepted as satisfactory.