Malta’s crypto assets plan means greater AML risks, IMF warns

Authorities must rapidly improve AML regime and guarantee FSA’s independence, mission says

Malta’s government has tried to make the island a centre for firms using blockchain and similar technology

Malta’s drive to become a crypto asset hub will increase the chances of its financial system being used for money laundering, an International Monetary Fund mission warned. The IMF mission also said Malta’s financial authorities must make rapid progress with planned anti-money laundering reforms, and that the country’s regulator was underfunded and struggling to cope.

The report is not the first to severely criticise Malta’s financial regulators. Its ruling Labour party has tried to meet

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to View our subscription options


Want to know what’s included in our free membership? Click here

This address will be used to create your account

Most read articles loading...

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here