TMID Editorial: Money laundering – FIAU deserves a chance



The Financial Intelligence Analysis Unit has received a lot of flak over the past years, however they truly seem to be trying to fix the issues that existed, and improve their capabilities when it comes to the fight against money laundering.

Ever since the Panama Papers were made public, Malta has been at the centre of criticism when it comes to financial safeguards. Scandal after scandal followed, and a number of FIAU reports were also leaked to the press.

Up to this point, it had appeared that the FIAU was doing their job, and the police were failing to do their part in terms of acting upon the intelligence submitted by the FIAU.

The Pilatus bank situation however had changed this. The European Banking Authority and the European Commission had come down hard on the

... read more at: http://www.independent.com.mt/articles/2019-06-11/newspaper-leader/TMID-Editorial-Money-laundering-FIAU-deserves-a-chance-6736209406