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AMLi NEWS UPDATE: Malta step closer to avoiding FATF grey list after favourable Moneyval report

In 2019, the country’s money laundering regime failed an exhaustive review by Moneyval, giving it a “poor overall rating” with the possibility of being grey- or black-listed.

By Vish Gain for AML Intelligence

MALTA is a step closer to avoiding being grey-listed for its money laundering reputation after a favourable Moneyval report was passed in Strasbourg Thursday.

The final review, which assessed Malta’s handling of its AML and CTF obligations since failing a 2019 assessment, is understood to be largely positive and commends the nation on its efforts.

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