Malta’s Minister of Finance failed to answer The Malta Independent’s questions on why it has not transposed the latest EU anti money laundering directive into law.

The EU Commission some weeks ago penned a letter to the government asking why it failed to transpose the fourth anti-money laundering directive – aimed at making it harder for terrorist organisations and criminal gangs to hide their money – into law by the 26 June deadline. The EU sent a letter to a total of 14 member states for missing the deadline, while a further three member states have been asked to explain why the measures were only partially transposed.

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