On the 17th June 2022, the Financial Action Task Force (“FATF”) congratulated Malta for the significant progress it has made in addressing the strategic Anti-Money Laundering/Combating the Financing of Terrorism (“AML/CFT”) deficiencies previously identified by the FATF and included in its action plan.
In this respect, Malta will officially no longer be subject to the FATF’s increased monitoring process. This outcome emanates after a successful on-site visit which yielded positive results. To retain compliance with AML/CFT rules and regulations, Malta will work with the FATF regional partner MONEYVAL, of which it is a member, to continue strengthening its AML/CFT regime.
Do not hesitate to contact us should you require any further information on the above.
