This is the new MLex platform. Existing customers should continue to use the existing MLex platform until migrated.
For any queries, please contact Customer Services or your Account Manager. Dismiss

Malta added to 'gray list' for weak anti-money laundering regime, FATF says

( June 25, 2021, 13:40 GMT | Official Statement) -- MLex Summary: Malta has been added to the "gray list" of countries subject to increased monitoring for weak anti-money laundering and counter-terrorist financing regimes, the Financial Action Task Force announced today. While Malta has made some progress in strengthening its financial crime defenses since 2019, it must work to ensure its beneficial ownership information is accurate, and must apply "dissuasive sanctions" to individuals breaching the requirements, the FATF said. It must also bolster its financial intelligence to support authorities investigating tax and money-laundering cases. Other countries subject to increased monitoring include Haiti, the Philippines and South Sudan.Statement follows, the report is attached....

Prepare for tomorrow’s regulatory change, today

MLex identifies risk to business wherever it emerges, with specialist reporters across the globe providing exclusive news and deep-dive analysis on the proposals, probes, enforcement actions and rulings that matter to your organization and clients, now and in the longer term.


Know what others in the room don’t, with features including:

  • Daily newsletters for Antitrust, M&A, Trade, Data Privacy & Security, Technology, AI and more
  • Custom alerts on specific filters including geographies, industries, topics and companies to suit your practice needs
  • Predictive analysis from expert journalists across North America, the UK and Europe, Latin America and Asia-Pacific
  • Curated case files bringing together news, analysis and source documents in a single timeline

Experience MLex today with a 14-day free trial.

Start Free Trial

Already a subscriber? Click here to login

Documents

Related Sections