The recent FATF decision might have a substantial impact on Malta’s economy

Analysing FATF’s recent decision to add Malta to its 'grey list’ for alleged AML violations, Marius Galdikas, CEO at ConnectPay, shares his views on the impact this could have on the country’s economy, highlighting two possible undesirable outcomes

Recently, FATF (Financial Action Task Force) added Malta to the list of Jurisdictions Under Increased Monitoring for violating AML policies, making it the first European country in recent history to be greylisted. Since Malta passed MONEYVAL’s assessment earlier this year, FATF’s decision caught everyone by surprise. Gambling and online gaming services are significant contributors to…

AML | ConnectPay | Financial Action Task Force | Malta | Malta Gaming Authority | Online gambling | Regulation