Author: Clyde Caruana

In 2019, Moneyval’s assessment of our financial regulatory framework painted a picture of a country which had a passable foundation to combat financial crime but which came up short in many important pillars in the systems in place. These areas were lacking for many years, under both Labour and Nationalist administrations, and Moneyval’s technical experts raised the alarm that Malta needed to pull itself together and strengthen these important compliance needs in an assertive manner. In my year as head of secretariat at the office of the prime minister and in the past six months as finance and employment minister,…

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