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Anti-Money Laundering in Malta

The rapid evolution of threats by criminals and terrorists both at national and international level has led to the establishment of various legal provisions which are specifically intended to prevent and combat money laundering and terrorist financing.

Posted on Friday 14th February, 2020

The Laws of Malta encompass:

The Prevention of Money Laundering Act (PMLA), Chapter 373 of the Laws of Malta
The Prevention of Money Laundering and Funding of Terrorism Regulations (PMLFTR), Legal Notice 372 of 2017
Criminal Code, Chapter 9 of the Laws of Malta notably Subtitle IV Article 328A to 328M
L.N. 117 of 2018 – Prevention of Money Laundering Act (CAP.373) National Coordinating Committee on Combating Money Laundering and Funding of Terrorism Regulations, 2018

The EU Commission provides international and global standards on the prevention of money laundering at EU level through the Financial Action Task Force (FATF) Recommendations.

The EU Legislation entails EU Member States to present and initiate measures which require various legal persons to cater for and take appropriate action as to avoid a scenario where such legal persons are used for the purposes of money laundering or terrorist financing.

In June 2015, there was the publication of the Fourth Anti-Money Laundering Directive and the Revised Transfer Regulation which became applicable from 26 June 2017. This Directive and Regulation can be accessed through the following links:

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Direct Investment in Malta and Abroad: January-June 2019

Posted on Saturday 22nd February, 2020

As at the end of June 2019, the stock position of Foreign Direct Investment in Malta stood at €184.7 billion, while Direct Investment abroad amounted to €60.2 billion.

Minister Edward Scicluna addresses the Anti Money Laundering and Financial Crime Conference