24th July 2017
It is up to the police to decide how to proceed once reports detailing suspicions of money laundering were sent to them by the FIAU, a spokesman for the government’s anti-money laundering agency told this paper. In an interview with The Sunday Times of Malta last week, former FIAU investigator… Read More
30th June 2017
Malta is among a number of EU countries that missed a June 26 deadline to implement stricter anti-money laundering rules, the Times of Malta has learnt. The government has yet to transpose into legislation the European Union’s fourth anti-money laundering directive, which imposes stricter client controls on banks and other… Read More
21st June 2017
Finance Minister Edward Scicluna was careful not to engage with MEPs who again pressed him on Malta’s commitment to fight money laundering, Panama Papers leaks and claims of the island being used for tax evasion. Read More
2nd June 2017
The prime minister’s chief of staff Keith Schembri says there is no evidence he is a money-launderer but the government’s own anti-money laundering agency (FIAU) appears to think otherwise. In a statement through the Department of Information, Mr Schembri, who is in the eye of the storm following revelations in… Read More
16th May 2017
Norbert Walter-Borjans has been busy turning himself into the public scourge of German tax cheats and foreign tax havens. Having already riled Switzerland by buying CDs with stolen bank account data – and then accusing the Alpine state of spying on his tax offices – North Rhine-Westphalia’s finance minister criticized… Read More
11th May 2017
Tax police in Germany’s North Rhine-Westphalia state investigate possible tax evasion of German companies through offshore companies in Malta, local media reported Wednesday. According to the Handelsblatt newspaper, Finance Minister of North Rhine-Westphalia Norbert Walter-Borjans said that an anonymous source handed a memory card with information about up to 70,000… Read More
2nd May 2017
The Financial Intelligence Analysis Unit (FIAU) said it was established as an independent administrative intelligence agency in 2002 by means of the Prevention of Money Laundering Act. The main function of the FIAU is the collection, collation, processing, analysis and dissemination of information for the purpose of combating money laundering… Read More
17th April 2017
The Financial Intelligence and Analysis Unit is precluded by law from commenting on whether it is investigating the Maltese link in the Russian Laundromat scandal, which saw around €3 million in allegedly laundered Russian funds having been transferred to Malta. Read More
3rd April 2017
When the International Consortium of Investigative Journalists and more than 100 media partners began publishing the Panama Papers investigation on April 3, 2016, almost no country was untouched by its revelations. Governments in more than 70 countries have launched over 150 investigations, inquiries, audits and probes into the affairs of… Read More
28th March 2017
Malta's threat places it 20th out of 27 states, Pana Committee told. Read More