Malta launches its first national anti-money laundering strategy

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April 11 2018

Maltese Finance Minister Edward Scicluna on Wednesday has presented the country’s first-ever anti-money laundering and terrorist financing (AML/CFT) strategy, saying the Maltese government intended to “take all necessary action against financial crimes”.

The strategy highlights seven initiatives, broken down into approximately 50 actions, which will be implemented over the next three years.

Primary among these would be the establishing of a national coordination mechanism, followed by work to strengthen and clarify the supervisory framework.