The Malta Independent 13 July 2020, Monday

Customs department anti-money laundering team seized over €1 million since November 2018

Monday, 16 September 2019, 09:51 Last update: about 11 months ago

Last November, the Customs Department ventured on boosting its effort at the border against money laundering activities, the department said in a statement.

"For this reason, the Customs Department has launched its Anti-Money Laundering Team, comprised of nine officials, specialising in the control and investigation of undeclared cash movement."

"This new team  has, perhaps, proved to be one of the biggest success stories in the department's recent history, with the section achieving 48 positive cases in ten months, resulting in the collective discovery of €1,052,436."

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These positive achievements are the result of three important factors. The first, the statement reads, was the enactment of amendments to the Cash Control Regulations last year, which allowed Customs to perform its controls more efficiently and effectively; The second, was the enhancement of information sharing between Customs and other local and foreign supervisory and enforcement agencies. The third, the statement read, was the hard work of the relatively new team at Customs.

 


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