Malta must do more to fight money laundering, says European watchdog

Financial Post | Sep 13, 2019 at 11:03 AM
  • Malta has been sharply criticized by an influential European monitoring body for inadequately tackling financial crime.
  • Despite having a population of only 420,000, Malta, a former British naval stronghold south of Sicily, has a financial sector that dwarfs many EU countries.
  • The lender had received a clean sheet from Maltese authorities despite allegations of processing corrupt payments by investigative journalist Daphne Caruana Galizia.
More sources
  • Malta must do more to fight money laundering, says European watchdog (Reuters: Sep 13, 2019 at 11:01 AM)