Malta passes Moneyval test after wave of anti-money laundering operations
Malta appears to have passed its Moneyval test although a final verdict still awaits within the Financial Action Task Force, an international oversight body
29 April 2021, 5:13pm
by Nicole Meilak
Malta appears to have passed its Moneyval test after a series of reforms that beefed up the country s anti-money laundering regime.
On Thursday, the Council of Europe s anti-money laundering committee voted in favour of a final report on Malta s AML and terrorism-financing safeguards during a plenary session held in Strasbourg.
It is believed that the report commends Malta on its efforts to address financial crime shortcomings. However, the report will be held confidentially until it is officially published by Moneyval in summer. The decision is expected to be formally communicated in the coming days.