IMF board says Malta must tighten AML-CFT regime
Maltese Financial Services Authority needs better funding and more independence – IMF board
The International Monetary Fund’s executive board warned in a February Article IV Consultation that Malta must improve its anti-money laundering capacity, echoing criticisms made by several European Union agencies.
The IMF directors underlined criticisms made in a staff report that Malta’s anti-money laundering and countering the financing of terrorism regime (AML-CFT) needed more reform. The call came despite Maltese authorities making several changes to the AML-CFT regime after critical
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