Malta has been voted off the Financial Action Task Force (FATF) grey list.

This decision comes one year after the FATF first added Malta to its grey list back in June 2021, deciding that the country was not doing enough to combat financial crime.

Being placed on this grey list has meant that Malta was under intensified scrutiny by international financial assessors. However, back in October 2021, the FATF had publicly announced that initial indications showed that Malta showed promise in completing the necessary reforms and addressing the shortcomings identified.

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