The Malta Financial Services Authority has distributed an article reciting a new approach towards anti-money laundering regulations; including the imminent execution of a national strategy that will property authorise and supervise regulated firms on the island; following a wave of new companies opening.
The President of the body, Mr Joseph Cuscheri, has warned Malta about its risks of becoming a hub for high-risk activities. According to reports, Malta is one of the world’s leading jurisdictions for high-risk sectors which may be particularly vulnerable to risks of financial crime, such as the following industries:
• Remote gaming services & gambling.
• E-money & digital financing.
• Digital trading & currencies.