Anti Money Laundering

Malta’s customs strengthens Anti-Money Laundering team and anti-terror efforts

Following an analysis of the current trend in infringements of the Cash Control Regulations (S.L. 233.07) and the inherent risks, the Customs Department, this week, has initiated the process intended…

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Succeeding the Moneyval test is a shared responsibility – Malta Chamber

The Malta Chamber called for a clear communication strategy to report on unambiguous progress achieved in updating Malta’s regulatory infrastructure relating to anti-money laundering, as the country prepares to face…

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EU action against money laundering in the banking sector to go under auditor scrutiny

The scale of money laundering is difficult to assess, but it is considered to be significant. The United Nations Office on Drugs and Crime (UNODC) estimates that between 2 and 5% of global GDP…

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Chamber of Advocates places Anti-Money Laundering high on its agenda

The Chamber of Advocates has placed anti-money laundering as a high priority on its training agenda for this year, in a bid to support its members to be better equipped…

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German Parliament passes anti-money-laundering laws

The German Parliament passed a raft of anti-money-laundering measures to bring the country in line with EU directives. The reform packet imposes stricter regulations for real estate agents, notaries, precious…

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Malta is expected to get ‘poor’ rating for its anti-money laundering regime – Sunday Times

The Sunday Times reports that international experts are expected to deliver a poor assessment of Malta's anti-money laundering regime. The newspaper says it is informed that Moneyval is likely to give…

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Government jobs to MPs is fundamentally wrong

The Sunday Times reports on a document by the Commissioner for Standards in Public Life warning that government jobs offered to MPs are ‘fundamentally wrong’ and diminish the duty of…

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Suspicious Russian network with link to Prince Charles exposed

In an exclusive report The Guardian revealed that a charity run by Prince Charles received donations from an offshore company that funneled vast amounts of money from Russia in a…

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EU plans to place Saudi Arabia on a money laundering blacklist blocked

The Financial Times reported that European Union plans to place Saudi Arabia and four US territories on a money laundering blacklist has suffered a humiliating defeat after virtually unanimous opposition…

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Al-Sirraj calls for removal of Libya from EU’s anti-money laundering blacklist

The Head of the Presidential Council (PC) Fayez Al-Sirraj called on the European Union (EU) to remove Libya from the list of money laundering and terrorism financing countries. In a…

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The European Commission expected to order Malta to strengthen enforcement of anti-money laundering rules

The European Commission is preparing to use little-known powers in EU law to issue binding demands on Malta’s financial regulator after an EU watchdog found “systematic” weaknesses in its enforcement…

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Calls for dedicated EU anti-money laundering agency

The European Central Bank board member Benoit Coeure called for a dedicated EU anti-money laundering on Friday. Addressing the press in the context of the Eurogroup meeting in Vienna on…

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Friday Morning Briefing

Good morning The dust haven't settled yet on Monday's summit Trump invites Putin for a second meeting for Autumn, this time in Washington. The EU issued a stark warning to…

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