Malta: Moneyval recommendations will not affect honest business, PM pledges

Prime Minister Robert Abela pledged that the operation of honest and legitimate businesses would not be affected through the implementation of measures suggested by the Council of Europe’s anti-money laundering body Moneyval, ahead of a review in which Malta is believed to risk greylisting.

Abela made his pledge in a meeting with the Malta Chamber of SMEs, as part of the consultation process for the 2021 Budget, in which he insisted that the government’s approach towards the recommendations was a clinical one.

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Source Newsbook