Minister for Finance Edward Scicluna welcomed a delegation from the UK Home Office and The Crown Prosecution Service. The visit is a follow-up to a visit to London by the Ministry for Finance and the AG’s Office late March and is meant to give senior officials from the two countries an opportunity to exchange ideas. The Minister is expecting a healthy discussion of different institutional arrangements and how the cooperation between them comes into play. The UK delegation which is composed of experts engaged in the field of combating money laundering and terrorism financing, is expected to meet the competent Maltese authorities in the next two days and will provide an insight on the current frame work.
PRESS RELEASE BY THE MINISTRY FOR FINANCE
While addressing the delegation headed by Mr Richard Riley CBE, the Minister stated that, “Malta is not only aware of the risks that certain economic sectors pose on money laundering but has put in place and is implementing an action plan to combat money laundering and the financing of terrorism activity. Malta will continue to strengthen its institutions to effectively face the global challenges that economic activities present.” Minister Scicluna expressed that, “the problems are dynamic and ever-growing, and that Malta must always be a step ahead in order to be effective in its fight against these issues.”
The Minister for Finance thanked the British High Commissioner Stuart Gill OBE and the UK for all the technical assistance and advice on combating money laundering and terrorism financing.
Thursday 16th May 2019