Malta Has Launched a New Strategy to Combat Money Laundering

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The Financial Services Authority of Malta has published a document outlining the essence of the new approach towards regulatory legal framework aimed at combating money laundering. The document also contains information on the implementation of the national strategy regarding the issues of authorisation and supervision of regulated firms and information on reliable methods to ensure its observance.

The head of the Financial Services Authority Joseph Cuschieri stated that Malta is one of the world’s leading jurisdictions for remote gambling business as well as electronic money and digital currencies as sectors which may be especially vulnerable to risks of financial crime.