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ARTICLE · 27 JULY 2022

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Malta's Removal From The FATF Grey List

Dr Werner & Partner
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Malta's inclusion on the Financial Action Task Force (FATF)'s list of Jurisdictions under Increased Monitoring (also known as they ‘grey list') in June 2021 raised quite a...

MaltaGovernment, Public Sector
Malcolm Wallbank
Malcolm Wallbank
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Malta's inclusion on the Financial Action Task Force (FATF)'s list of Jurisdictions under Increased Monitoring (also known as they 'grey list') in June 2021 raised quite a few eyebrows in the local financial services sector given that this event made Malta the first EU Member State to be grey listed, despite the fact that subject persons in Malta are subject to the rigorous provisions of local and EU Anti-Money Laundering and Financing of Terrorism laws and regulations.

Fast forward 12 months later, and after significant progress made by Malta to address the deficiencies identified by the FATF, Malta was removed from the grey list.

The below article will provide a coherent snapshot of the factors that were addressed by Malta that led to the country's removal from the FATF grey list accordingly.

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