Financial secrecy rating: ‘Will MEPs grill German Chancellor’, Finance Ministry sarcastically asks

Finance Minister Edward Scicluna has sarcastically questioned whether the European Parliament’s anti-money laundering committee (PANA) will be sending for the US president or the German Chancellor to grill them over the financial secrecy index rating.

Malta ranked in the top 20 of the Financial Secrecy Index, out of 112 jurisdictions, rising seven places from the last ranking, from 27th to the 20th spot.

The Financial Secrecy Index ranks jurisdictions according to their secrecy and the scale of their offshore financial activities. The Tax Justice Network, who run the index, describes it as: “A politically neutral ranking, it is a tool for understanding global financial

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