Malta faces 'serious harm' if greylisted by imminent FATF decision

clock • 2 min read
Malta faces 'serious harm' if greylisted by imminent FATF decision

The Financial Action Task Force, the leading global anti-money-laundering watchdog, will on Wednesday (23 June) vote over whether or not to put Malta on its so-called ‘grey list' of untrustworthy jurisdictions. Financial greylisting could seriously harm Malta's economy, impacting foreign direct investment, money transactions, and even banking activity, a new study has found. Although it is generally understood that ending up on the grey list could negatively impact the country, this has...

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