Tag: FATF
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Sacrificing the plebs on the altar of the FATF
Yesterday, Times of Malta, published an interview by Bank of Valletta’s CEO Kenneth Farrugia who said that Malta does not risk getting grey-listed again by the Financial Action Task Force (FATF) because local banks have introduced a wide-range of measures to combat money-laundering. This is a very nuanced statement which deserves a reality-check and a…
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Calls grow for the UAE to be re-included in the FATF Grey List
Calls and demands are growing for the United Arab Emirates to be re-included in the Financial Action Task Force’s Grey List following the events that took place in Al-Fashir in the Darfur region of Sudan. The UAE is the main weapons supplier and financier of the Rapid Support Forces that have committed the acts of…
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The Attorney General is of the position that money laundering and tax evasion cases are prosecuted only if they exceed the €500,000 mark
Here’s an important fact that needs to be considered about the government’s proposals to reduce the power of authorities to freeze assets of money launderers. The tax departments have such a long backlog of individuals missing their tax payments and returns, that following Malta’s removal from the FATF grey listing, the Attorney-General, Victoria ButtiÄ¡ieÄ¡ prescribed…
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Justice Minister Jonathan Attard hands another victory to organised crime
Yesterday, the Minister for Justice, Jonathan Attard handed a new victory to organised crime. The law is being changed so that the state prosecutor and the police won’t be able to seize all your assets in Malta if you are caught laundering money – they will only be able to seize the funds that are…
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The money laundering can now resume
I don’t think that Angelo Gafa can continue to excel in his corrupt and clownish behaviour, but then again, I was always naive and never had a criminal mind. I suspect that he rarely reads the papers, has barely any meaningful life experience, and is completely detached from people around him because if else, how…
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Curb your enthusiasm
Labour propagandists are running victory laps over Malta’s exit from the FATF Grey List. First, we destroy Malta’s reputation, then we celebrate its restoration. Curb your enthusiasm kids. Your elders may be suffering from dementia. Pakistan has exited the Grey List too. It’s great being a European country whilst following the same course as Pakistan,…
