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AML : assessment of Malta by MONEYVAL

MONEYVAL is a Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism that was established in 1997. This evaluation and peer pressure mechanism reviews the anti-money laundering measures and measures to counter the financing of terrorism in Council of Europe member States (and Council of Europe applicants which apply to join the terms of reference) which are not members of the Financial Action Task Force (FATF).

The 3rd round evaluation report on Malta, as adopted at MONEYVAL’s 24th Plenary meeting (10-14 September 2007) and published late November 2007.

Read MONEYVAL report on Malta

04:40 Posted in Malta | Permalink | Comments (0)


Tax evasion is easy

The majority of Maltese believe it is very easy to evade income tax and conduct undeclared work, according to a new EU survey.
It is interesting to observe that data are not available in Ireland and Luxembourg.

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EU survey

16:37 Posted in Malta | Permalink | Comments (0)


Convergence Reports 2007 - Malta

On 16 May 2007, the European Commission concluded that Malta has achieved a high degree of sustainable economic convergence with the other Member States and that it fulfils the necessary conditions to adopt the euro. On the basis of its Convergence Report, the Commission is proposing to the Council that Malta adopts the euro on 1 January 2008. The final decision will be taken by EU finance ministers in July, after consultation of the European Parliament, and following a discussion by the Heads of State or Government at their summit in June.

Know more

16:27 Posted in Malta | Permalink | Comments (0)

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