Malta welcomes MONEYVAL report findings and commits to implementation plan
Minister for Finance Edward Scicluna, Minister for Home Affairs and National Security Michael Farrugia, Minister for Justice, Culture and Local Government Owen Bonnici together with Parliamentary Secretary for Financial Services, Digital Economy and Innovation Silvio Schembri, welcome the recent MONEYVAL mutual evaluation report that followed last year’s assessment of Malta’s effectiveness in anti-money laundering and combating the financing of terrorism.
The recent findings carried out by the Basel Institute for Governance, which classify Malta as a low risk jurisdiction for money laundering and terrorist financing, confirm our view that the issues in Malta can be addressed successfully especially through the ongoing reforms being made to strengthen our regulatory and law-enforcement institutions
The Maltese authorities will continue to exchange information and collaborate with their peers in other countries to address this cross-border challenge. By the adoption of these enhancements and other organizational changes within our competent authorities, Maltese authorities will be strengthened and be better equipped to combat money-laundering activities and the financing of terrorism.
Malta is deeply committed to helping combat money laundering and the financing of terrorism, and we welcome recognition of our efforts so far.
AML/CFT are serious, transnational issues that require cross-border collaboration. We are determined to commit even more resources towards strengthening our institutions, regulators and law enforcement agencies, to aid in this mission.
 The Basel Institute for Governance's AML Index measures the risk of money laundering and terrorism financing in countries. Malta ranked 113 out of 125 this year, with a score of 3.94 out of ten, with 125 being the top ranking and 1 the highest score possible.