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

Mark Battersby
clock • 2 min read

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 so far not been quantified locally, The Times of Malta reported today (21 June), adding that the vo...

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