Malta: Money-laundering Bill to be tabled in Parliament today


October 2, 2017

A Bill to bring Malta in line with the latest EU anti-money-laundering legislation will be tabled in Parliament today for its first reading, a Finance Ministry spokesman confirmed. Malta, in addition to several other European Union countries, missed the June 26 deadline to adhere to the fourth anti-money-laundering directive.

The objective of the directive is to strengthen the fight against tax evasion, money laundering and the financing of terrorism. The European Commission has sent a formal letter to the Maltese government asking why the new rules had not been implemented.