The Malta Independent 5 August 2021, Thursday

Malta placed on UK high-risk list for money laundering, terrorist financing

Thursday, 22 July 2021, 20:31 Last update: about 13 days ago

Malta has been placed on the UK’s high-risk countries for money laundering and terrorist financing.

This blow to Malta’s reputation comes weeks after Malta was placed on the grey list by the Financial Action Task Force.

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Ghana has been taken off the UK list which was published on 12 July and came into force on 13 July.

Malta is the only European country to be listed by the UK. Haiti, The Philippines and South Sudan have also been added to the list.

The UK has placed Malta among the list of high-risk countries for money laundering and terrorist financing.

The other countries currently on the list are: Albania, Barbados, Botswana, Burkina Faso, Cambodia, Cayman Islands, Democratic People’s Republic of Korea, Iran, Jamaica, Mauritius, Morocco, Myanmar, Nicaragua,  Pakistan, Panama,  Senegal,  Syria, Uganda, Yemen, and Zimbabwe.

These regulations amend the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017. an explanatory note says.

The regulations may be seen here

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