Moneyval, the Committee of Experts on the Evaluation of
Anti-Money Laundering Measures and the Financing of Terrorism, the
European regional body of the Financial Action Task Force (FATF)
established in 1997 and permanent monitoring body of the Council of
Europe which assesses a country's compliance with the principle
international standards to counter money laundering and the
financing of terrorism, has seemingly approved of Malta's
current status with respect to Malta's national and
international standards surrounding Anti-Money Laundering and
Counter-Financing of Terrorism.
After the Mutual Evaluation carried out in 2019 by the Moneyval
delegation which noticed considerable deficiencies in Malta's
AML/CFT framework, Malta cracked down on its anti-money laundering
and CFT regime, implementing a series of reforms that helped the
country pass the strict Moneyval test and avoided being put under
Enhanced Monitoring Procedures or "grey listed".
