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ARTICLE · 07 JUNE 2021

Malta Passes Second Moneyval Evaluation Report

Camilleri Preziosi
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In May 2021, the Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Funding of Terrorism (MONEYVAL) published its enhanced follow-up report on Malta.

MaltaFinance and Banking
Diane Bugeja
Diane Bugeja
Luke Mizzi
Luke Mizzi
Peter Mizzi
Peter Mizzi
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In May 2021, the Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Funding of Terrorism (MONEYVAL) published its enhanced follow-up report on Malta. The report highlights the considerable efforts made by Malta in the battle against money laundering and the funding of terrorism.

Following an initial assesment in 2019, MONEYVAL  identified several shortcomings and gaps within the local AML/CFT framework. Since then, Malta has made major strides and has no more "partially compliant" or "non-compliant" ratings. The Mutual Evaluation Report (MER), which was undertaken by Rapporteur teams in Jersey and Italy, rated Malta as follows for technical compliance:

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