The Financial Action Task Force, an intergovernmental body that investigates, and makes recommendations for anti-money laundering initiatives, added Malta, along with Haiti, the Philippines and South Sudan to its list of countries deemed to have insufficient protections against dirty money. These four countries joined 19 other jurisdictions on the watchdog’s grey list, which includes Syria, Myanmar and Panama.
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The inclusion of Malta on the list as a jurisdiction “under increased monitoring” will likely make it harder for the small country to attract international banking and investment.
