Malta’s role in the international fight against money laundering

Abstract

Begins by putting Malta into perspective as one of the ten states that joined the European Union in 2004 and the one with the smallest area; its geographical position at the crossroads of the Mediterranean Sea makes it a target for drugs dealing, smuggling and illegal immigration. Describes the Malta Stock Exchange, and its role in anti‐money laundering. Outlines the Prevention of Money Laundering Act and the work of the Financial Intelligence Analysis Unit (FIAU), a government agency charged with combating money laundering; among its duties of managing relevant information, it receives reports of suspicious money laundering transactions. Indicates the international affiliations of the FIAU with similar bodies. Concludes that Malta has acted swiftly in combating terrorist financing and money laundering.

Citation

Vella‐Baldacchino, R. (2005), "Malta’s role in the international fight against money laundering", Journal of Money Laundering Control, Vol. 8 No. 3, pp. 263-270. https://doi.org/10.1108/13685200510620984