Tag: moneyval
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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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Hilarious brief by a Labour diplomatic source on Lorenzo Vella in 2022
Our man in Strasbourg. I receive various regular briefings by various sources. This is a note in a briefing I still have about Maltese diplomats in 2022 which includes Lorenzo Vella. The source is pro-Labour so they speak negatively of foreign politicians and positively of local diplomats trying to fix Malta’s reputation abroad that was…
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MONEYVAL Committee to recommend anti-money laundering reforms to Malta
Later on this year, the MONEYVAL Committee of the Council of Europe is to recommend the Maltese government a set of measures reforms on anti-money laundering. The MONEYVAL Committee supervises member states of the COE on anti-money laundering and anti-terrorist financing measures. The committed is set to flag some serious shortcomings on Malta’s current regime,…
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Minister for Finance Clyde Caruana wants Central Bank Governor Edward Scicluna to resign
I did not confirm this from the Minister himself and I also did not confirm whether he communicated this opinion to Edward Scicluna himself. However, I have confirmed that the Minister for Finance Clyde Caruana is not happy that Edward Scicluna is staying on as Central Bank governor and he wants him to resign. Clyde…
