On Thursday 8 November, the European Commission adopted a formal opinion in which it calls upon the Maltese Financial Intelligence Analysis Unit (FIAU) to redouble its efforts to come fully into line with its obligations under the fourth anti-money laundering directive.
“The Commission will use all its powers, including infringement procedures, to close any loopholes in the fight against money laundering”, the European Commissioner for Justice, Vera Jourova, warned in a press release.