Minister for Finance Edward Scicluna and parliamentary secretary for Financial Services, Digital Economy and Innovation Silvio Schembri met with Dr Felix Hufeld, president and Dr Elisabeth Roegele, deputy president of the German Financial Services Regulator, BaFin.

Both sides discussed the initiatives being taken by both countries in their stride to combat money-laundering activities and how the European Union can best strengthen its institutions to address the cross-border nature of this issue.

The meeting was also attended by high officials of the MFSA, including the chairperson Prof. John Mamo and CEO Joseph Cuschieri.