• Luigi Sapiano

Malta Added To The UK's High-Risk List For Money Laundering



The UK has just released an updated list of countries, including Malta, which are considered ‘high-risk’ jurisdictions for money laundering and financed terrorism.


Malta is added along with Haiti, the Philippines and South Sudan and joins other countries already on the list such as Panama, Senegal, Syria, Uganda, Yemen, and Zimbabwe and North Korea.


The news comes as another lethal blow to Malta's international reputation after being placed on the FATF greylist, a decision which is set to have serious economic repercussions.


Ghana, on the other hand, was whitelisted, and is no longer classed as a high-risk country due to “enhanced customer due-diligence requirements in regulation 33(3)”.

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