FATF

Panama expects to be struck off financial crime watch list in October

By Valentine Hilaire Panama expects international financial-crime watchdog FATF to remove it this October from a watch list for nations deemed to be doing too little to fight money laundering,…

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FATF adds Croatia to ‘grey list’ of countries under scrutiny

PARIS, (Reuters) - The FATF international financial crime watchdog said it had added EU member state Croatia to its so-called "grey list" of countries under special scrutiny, adding that Cameroon…

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Nabiullina says adding Moscow to FATF blacklist would be politically motivated

MOSCOW, June 21 (Reuters) - The governor of Russia's central bank Elvira Nabiullina said on Wednesday that there were no reasons for Russia to be added to the Financial Action Task Force…

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Lebanon set to be grey-listed by financial crime watchdog

Lebanon is likely to be placed on a "grey list" of countries under special scrutiny over unsatisfactory practices to prevent money laundering and terrorism financing, three sources familiar with the matter…

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Morocco says removal from financial watchlist will help ratings

RABAT (Reuters) - The Financial Action Task Force's decision this week to remove Morocco from its "grey list" of countries under special scrutiny will help Rabat's position in talks with…

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FATF watchdog: Qatar should make improvements in fight against financial crime

DOHA, Feb 25 (Reuters) - A global financial crime watchdog on Friday said Qatar's technical compliance with its standards was very strong but the Gulf state needed to make improvements…

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Financial crime watchdog adds South Africa, Nigeria to “grey list”

PARIS/JOHANNESBURG, Feb 24 (Reuters) - International financial crime watchdog the Financial Action Task Force (FATF) on Friday said it was adding South Africa and Nigeria to its so-called "grey list"…

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Financial crime watchdog FATF suspends Russia’s membership over Ukraine war

PARIS, Feb 24 (Reuters) - Global financial crime watchdog Financial Action Task Force (FATF) on Friday suspended Russia's membership, saying Moscow's war in Ukraine violated the organisation's principles. "The Russian…

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Ukrainian defence minister Reznikov says Zelenskiy asked him to stay in post

BRUSSELS, Feb 15 (Reuters) - Ukrainian Defence Minister Oleksii Reznikov, whose political future has been the subject of intense speculation, said on Wednesday President Volodymyr Zelenskiy had asked him to…

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Financial crime watchdog FATF adds Congo to money laundering watch list

KINSHASA (Reuters) - The Financial Action Task Force plans to put Democratic Republic of Congo on a list of countries subject to increased monitoring, the country's Communications Minister Patrick Muyaya…

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Germany criticised by FATF over money laundering

FRANKFURT, (Reuters) - Germany has been criticised by a global watchdog for failing to do enough to tackle money laundering, such as by prosecuting very few for the crime despite…

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FATF keeps Pakistan on ‘grey list’

FRANKFURT (Reuters) - A global dirty money watchdog said it was keeping Pakistan on its "grey list" of countries under increased monitoring but said it might be removed after an on-site visit…

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18

Jun

Malta Institute of Accountants welcomes Malta’s grey-list exit, appeals for vigilance

The Malta Institute of Accountants expresses its satisfaction that the Financial Action Task Force (FATF) has taken Malta off its grey-list. A timely exit from the grey-list, which the Institute…

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Malta officially removed from the FATF Grey List

Malta has officially been removed from the Financial Action Task Force's (FATF) grey list, and the FATF has encouraged Malta to 'strongly focus' on continuing to strengthen its systems and…

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Revolut places ‘temporary pause’ on new customers from Malta / Malta News Briefing – Thursday 16 June 2022

1745- Latest News update Times of Malta says an unemployed couple have been accused of spending the funds donated to them for their son's cancer treatment on horse races and…

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FATF puts UAE on global ‘gray’ list

A global body focused on fighting money laundering has placed the United Arab Emirates on its so-called “gray list” over concerns that the global trade hub isn’t doing enough to…

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Joseph Muscat defends Accutor payments, says police search was invasion of privacy / Malta News Briefing – Saturday 12 February 2022

Updated 1255 Joseph Muscat defends Accutor job, says police search was invasion of privacy Joseph Muscat was back on the media this morning with an extensive interview on Lovin Malta.…

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Workers to get €100 cheques, pensioners €200 as part of €70m cash injection / Malta News Briefing – Thursday 3 February 2022

Times of Malta says a 71-year-old worker died on Thursday when he was hit by a truck he was helping manoeuvre. MaltaToday says that Prime Minister Robert Abela has announced…

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Timely exit from FATF grey-list is crucial – President of The Malta Institute of Accountants

On 7th December 2021, the Malta Institute of Accountants (MIA) organised a physical conference to address the role of professions in Malta’s efforts to exit the FATF’s ‘Grey List`. Mr…

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Car importers urging buyers to wait until next year due to microchip shortage / Malta News Briefing – Tuesday 16 November 2021

Updated 1745- Latest update Times of Malta says that Labour MP Rosianne Cutajar is to be reprimanded by parliament following an ethics probe into her role in allegedly brokering a property…

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Turkey working to get out of FATF ‘grey list’, minister says

ANKARA, Nov 12 (Reuters) - Finance Minister Lutfi Elvan said on Friday Turkey was working with the Financial Action Task Force (FATF) to get out of a grey list for…

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Exiting the Grey-List – Malta Institute of Accountants

by the Malta Institute of Accountants It has only been a couple of months since Malta reeled from the news that it had been grey listed by the global money…

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Mass use of stablecoins could boost illicit finance, money-laundering watchdog FATF says

LONDON, Oct 28 (Reuters) - Stablecoin digital currencies have the potential for mass adoption and could be used to launder money or fund terrorism, a global financial crimes watchdog said…

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Fearne urges booster shot take-up as Europe Covid-19 cases pick up / Malta News Briefing – Friday 22 October 2021

TVM says The Scope German credit agency has again confirmed Malta’s rating at A+ level with stable prospects. Newsbook says an IT expert is to be appointed to derive the…

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FATF ‘grey lists’ Turkey

An international watchdog downgraded Turkey to a so-called grey list for failing to head off money laundering and terrorist financing, a decision that could further erode foreign investment after a…

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FATF Executive Secretary resigns

David Lewis, the executive secretary of the Financial Action Task Force (FATF) was reported to have resigned his position. According to various reports, this raised questions about the ability of…

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Malta: Government presents action plan to get off FATF grey-list

The Times of Malta reveals that Malta has presented the Financial Action Task Force (FATF) with an action plan to get off the grey list of untrustworthy financial jurisdictions. The…

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FATF urges Japan to boost fight against money-laundering

A global financial crimes watchdog urged Japan on Monday to improve cooperation between different government agencies as part of efforts to combat money-laundering and the financing of terrorism. Responding to…

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Malta: Food prices push inflation upwards / News Briefing – Thursday 22 July 2021

Updated 1300 Covid-19 Update: 166 new cases found today as 25 people recovered. 4,302 swab tests were taken as active cases reached 2487. Of the 199 cases reported yesterday, 149…

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88% of business believe grey-listing will leave negative impact on economy

The results of a survey carried out by the Malta Employers’ Association into the perceptions of businesses about the grey listing reveal that 88% of respondents believe that the FATF…

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Doctors disappointed at lack of foresight, warn of disaster after Covid spike / Malta News Briefing – Friday 9 July 2021

Updated 0930 Tax evasion a police priority: Investigating tax evasion is being given top priority by the police, according to Deputy Police Commissioner Alexandra Mamo. She was addressing a financial…

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17 Black linked to Azeri laundromat – reports / Malta News Briefing – Wednesday 7th July 2021

Updated 0900 - Newspaper Review The Times says that the EU Commission is set to reject a proposal by the government to inject €250 million into Air Malta on a…

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Dubai Companies face owner disclosure as UAE acts to avoid FATF’s dirty money list

DUBAI, June 30 (Reuters) - More than 500,000 firms in the United Arab Emirates (UAE) must disclose their ultimate owners from Wednesday or face penalties, as the Middle East financial…

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Covid-19 active case tally up to 45 / Malta News Briefing – Wednesday 30 June 2021

Updated 1235 Covid-19 Update: Five new cases were reported on Wednesday. With no persons recovering for the third consecutive day, active cases now stand at 45. More than 320,000 persons…

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Malta News Briefing -Monday 28 June 2021

Update 1445 Repubblika is proposing that political forces ‘give birth’ to a Government of National Solidarity with a pre-established mandate which will bring the country up to the June 2022…

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Ghana no longer faces increased monitoring over money laundering, says FATF

Global money laundering and terrorist financing watchdog FATF said on Friday that Ghana was no longer under its increased monitoring process but said other nations were now on that list.…

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Maltese Editors’ Perspectives

Times of Malta says that the whistleblower law needs to change but there seems to be no political will to do so. The Independent says that we need to show…

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Malta: FATF greylisting – I fully concur with PM’s comments – Joseph Muscat

Former prime minister Joseph Muscat expressed his support for his successor’s approach in the wake of Malta’s greylisting by the FATF, a global anti-money laundering body. “I fully concur with…

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Malta: October ‘unrealistic’ target for Malta to get off grey list, Finance Minister says

It is “unrealistic” to expect Malta to be taken off the grey list in October when the Financial Action Task Force meets again, Clyde Caruana said. The Finance Minister ruled…

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24

Jun