Malta must prosecute more money laundering cases – Council of Europe
Maltese authorities encouraged to further raise awareness among police of practical possibilities for powers granted under convention of seizure of criminal proceeds
16 December 2020, 5:14pm
by Matthew Vella
A monitoring body for the Council of Europe’s Convention on money laundering and crime has called upon Malta to apply its monitoring measures more frequently and to prosecute the cases.
The Council of Europe said Malta had already implemented most legal provisions that establish sufficient power to obtain information on account holders, including the beneficial owner, and to obtain the “historic” banking information.