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Moneyval, the Committee of Experts on the Evaluation of
Anti-Money Laundering Measures and the Financing of Terrorism, the
European regional body of the Financial Action Task Force (FATF)
established in 1997 and permanent monitoring body of the Council of
Europe which assesses a country s compliance with the principle
international standards to counter money laundering and the
financing of terrorism, has seemingly approved of Malta s
current status with respect to Malta s national and
international standards surrounding Anti-Money Laundering and
Counter-Financing of Terrorism.
After the Mutual Evaluation carried out in 2019 by the Moneyval
LA VALLETTA (ITALPRESS/MNA) – Malta has passed the Moneyval assessment after it addressed previous shortcomings in its anti-money laundering regime. The anti-money laundering expert committee within the Council of Europe approved a final report on Malta in a vote.
In 2019, Maltàs anti-money laundering regime failed a review by Moneyval. It was subsequently given just over a year to address a series of shortcomings in its anti-money laundering efforts.
Maltàs financial laws and their enforcement have been scrutinized by the Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism since the start of 2018.