The Malta Financial Services Authority is “fully prepared” for the Moneyval assessment later on this year, its CEO, Joe Cuschieri has told The Malta Indepdendent.
Asked by this newspaper to what extent the MFSA has reached its targets in terms of anti-money laundering, MFSA CEO Joseph Cuschieri said that “in 2019, we set out to build the necessary technical capacity so that the MFSA integrates AML/CFT oversight into its conduct and prudential supervisory programme. This was implemented and is working well also through improved coordination with the FIAU. Furthermore, (in July 2019), the Authority in-sourced a team of financial crime experts from the UK to complement, train and develop the local AML/CFT team within the MFSA.”
Source: The Malta Independent
Updated 14:30
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