Assessors from the Financial Action Task Force (FATF) are currently in Malta to confirm whether the country has made sufficient progress on the factors identified back in June 2021, when it was placed on the grey list.

Sources within Government have confirmed with BusinessNow.mt that the panel of experts arrived in Malta this week and will be meeting a team of Maltese officials to decide whether enough has been done to take the country off the grey list.

The visit is expected to last three days.

If they like what they see, Malta could be taken off the grey list in June, when the FATF plenary holds its next meeting.

Ever since Malta’s inclusion in the list of jurisdictions subject to increased monitoring, the Government has been doing its utmost to address the shortcoming flagged by the international body.

Just last month, the FATF announced that initial indications showed Malta had substantially completed its action plan. Their onsite visit this week is meant to confirm those indications.

Related

Motors Inc. and IVECO unveil brand-new zero-emission eDaily vehicles

July 23, 2024
by BN Writer

The eDaily electric range features the same body variants, cargo capacity and performance as the Daily

Malta’s cruise passenger traffic surges by 21.6% in second quarter of 2024

July 23, 2024
by Fabrizio Tabone

There were 177,150 passengers from non-EU countries, primarily from the US and UK

Mount Etna erupts again, disrupting Malta-Sicily flights

July 23, 2024
by Helena Grech

Catania airport has suspended flight operations, with three flights between Malta and the region being affected