Minister for Finance Prof. Edward Scicluna reiterated that
Malta, as a member of the EU, is a financial and tax jurisdiction
which has successfully undergone various routine due diligence
checks from both the EU and the Organisation for Economic
Co-operation and Development (OECD).
In his keynote speech, delivered at the 10th FinanceMalta Annual
Conference, Minister Scicluna said that Malta's financial
centre ranks positively in the Tax Justice Network's Financial
Secrecy Index, which measures tax jurisdictions according to
fifteen criteria, ranging from Knowledge of Beneficial Ownership,
Corporate Transparency, Efficiency of Tax and Financial Regulations
and International Standards and Cooperation. This, ranking together
with a highly-regulated financial sector, bodes well for the
continuing success of the financial industries and iGaming
industries. The Financial Services Practitioners should defend
their industry from unfair external criticism.
