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Malta: €8 billion annual risk of money laundering
28 Mar 2017
28 Mar 2017
Malta faces an annual €8 billion money laundering risk, according to figures quoted in a study presented to the European Parliament’s Pana committee.
The committee, which visited Malta in February for a fact-finding mission on the island’s involvement in the Panama Papers scandal, was this month presented with a study on offshore activities and money laundering.
The report says many European countries use offshore jurisdictions for their less transparent business, where regulations are laxer than in their home country.
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