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Tuesday's decision by the EU's top court to declare Malta's "golden passport" program unlawful will likely boost the bloc's fight against illicit finance by dissuading other nations to launch or resurrect similar schemes, sources told ACAMS moneylaundering.com. In an 18-page judgment, 13 judges at the Luxembourg-based Court of Justice of the EU ruled that Malta's policy of doling out passports to non-EU nationals who pledge to invest at least €700,000 into the local economy "manifestly infringes" the principles of EU citizenship. The European Commission, the EU's executive branch, took Malta to court two years ago on the basis that the...