MaltaThe Financial Intelligence Analysis Unit of Malta published guidance on the goAML Rejection Rules that provide clarity to ensure that submissions to the regulator include as much information as possible to assist with the prompt assessment and prioritization.
The Council of Europe Group of States against Corruption shared a second compliance report on Malta’s efforts to combat corruption and promote integrity among public officials.
Two Years After Exiting FATF Gray List, Malta’s AML Backslide Accelerates
In repeated rulings since a damning global evaluation of Malta’s defenses against financial crime ended in Sept. 2019, Maltese courts have overturned regulatory penalties against local financial institutions caught violating anti-money laundering rules.
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Austrian private banker files lawsuit, Swiss bank settles U.S. sanctions charges, and more, in the weekly roundup.
The Financial Intelligence Analysis Unit of Malta fined a notary public €29,587 for violations of the Prevention of Money Laundering and Funding of Terrorism Regulations.
The Financial Intelligence Analysis Unit of Malta issued a €49,585 fine against an advocates firm for violations of the Prevention of Money Laundering and Funding of Terrorism Regulations.
| Technical | Effectiveness |
|---|---|
| Compliant : 12 | High : 0 |
| Largely Compliant : 28 | Substantial : 2 |
| Partially Compliant : 0 | Moderate : 6 |
| Non-Compliant : 0 | Low : 3 |
Malta's technical compliance was re-rated in a May 27, 2021 follow-up report
| Rank : 64/110 |
| Score : 5.45/10 |
| Rank : 49/180 |
| Score : 54/100 |
| Rank : 18/133 |
| Score : 62/100 |