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Malta first EU state placed on international money laundering watch-list


Malta was recently included on a global money laundering watch-list over concerns the island nation is a haven for money laundering and other potentially criminal activities, which may interface with the country s significant online gambling sector. Malta-issued gaming licenses are utilized by several betting firms with a presence in Estonia.
The inclusion of an EU member state on a list, compiled by the Paris-based Financial Action Task Force (FATF), which includes nations such as Zimbabwe, Syria and South Sudan, represents something of a blow to the island nation s prestige as a quality gambling license-issuing authority, at a time when the sector has been under some media and political scrutiny. ....

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