US Treasury urges Malta to do more against financial crime

Pedro Gonçalves
clock • 2 min read

A top US Treasury official has urged Malta to tackle "pressing issues" regarding financial crime and revealed concerns about its citizenship investment programme. In an interview with The Sunday Times of Malta, US assistant secretary for terrorism financing and financial crime Marshall Billingslea said the jurisdiction needs to send a "very strong signal" that corruption and financial crime will not be tolerated. He added that the US is concerned about Malta's sale of passports and citizenship. He said that with unemployment being so low, "one wonders why revenue is needed through suc...

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