Current Affairs
Malta at low risk for money laundering

The Basel Institute on Governance has given a good mark to Malta in its annual index when it classified Malta in 113th place among 125 countries, with a low risk of money laundering.

The detailed 39 page report by the Swedish institute is a breath of fresh air for the Maltese authorities in their efforts to defend Malta’s reputation in the financial services sector. It was published just a few hours before the MFSA issued its strategic three- year plan which the Authority’s CEO, Joseph Cuschieri, described as a plan which will dedicate its energy and a lot of resources to strengthen the supervision of financial operators hand in hand with the FIAU.

You can listen to Joseph Cushieri’s comments in this video:

Read the full report here