June 24, 2022
EMCS welcomes Malta’s removal from the Financial Action Task Force grey list, one year after the country was first put under increased scrutiny by international assessors and bodies.
This is a major step towards realigning Malta’s position in the financial sector. It is commendable that in a short time the authorities have addressed the necessary reforms and the tackled various technical shortcomings, which have led to this positive outcome.
EMCS trusts that the reforms will continue to be sustained and that the appropriate compliance procedures will continue to be strengthened to ensure that Malta is and will remain a reputable and sustainable financial sector.