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Malta Will Have New €2 5 Million Asset Recovery Facility By 2024

Malta Will Have New €2.5 Million Asset Recovery Facility By 2024 Share: A new facility that will allow authorities to safely store assets seized by the courts will be operational by 2024, Justice Minister Edward Zammit Lewis announced on Tuesday. The state-of-the-art facility will be spread over roughly two tumuli of land in Ħal Far and will cost the government €2.5 million. Addressing a press conference at the site of the new facility, Zammit Lewis said that the project showed that the government was taking the fight against financial crime seriously, adding that its responsibility went beyond enacting legal reforms. At the start of the year, Parliament approved new legislation which provides the bureau with a stronger legal basis for it to carry out its functions.

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