...ering and countering the financing of terrorism (AML/CTF) regime. It is also worth noting, that the new legislation is prepared in accordance with recommendations made by the Council of Europe's Committee of AML/CTF experts, generally known as **moneyval**. With implementation of the new law, upgraded codes of conduct will be applicable to foreign trustees and unregulated trustees who are resi...

...ndering and terror financing, but that have committed to fixing them. Malta was deemed to have made insufficient progress in bolstering its framework to battle financial crime despite a broadly positive final assessment by the Council of Europe's moneyval experts earlier this year. This decision seems to affect Malta’s economy in possibly the worst ways and cannot be assessed as “posit...