Category: Moneyval

Gurensey under MONEYVAL scrutinyM
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February 12, 2025

MONEYVAL Urges Guernsey to Step Up AML Enforcement!

MONEYVAL has called on Guernsey to strengthen its fight against money laundering, particularly in investigation, prosecution, and conviction efforts. While praising the island's risk awareness and sanctions enforcement, the report raises concerns about law enforcement’s limited use of financial intelligence and the quality of suspicious activity reports (SARs).
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MONEYVAL report on Bosnia HerzegovinaM
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February 6, 2025

MONEYVAL Flags Bosnia & Herzegovina for AML Failures – Urgent Fixes Needed!

MONEYVAL’s latest report exposes Bosnia and Herzegovina’s (BiH) weak anti-money laundering (AML) and counter-terrorist financing (CTF) controls. Despite moderate effectiveness in some areas, major deficiencies remain—particularly in UN financial sanctions compliance, CTF risk mitigation in the non-profit sector, and enforcement against financial crime.
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MFSA rebooting with Jospeph GavinM
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July 31, 2021

MFSA Compliance Issue – Disgraced Maltese regulator rebooting with Irish CEO?

The Times of Malta reported that the Irish lawyer Joseph Gavin (LinkedIn) had been appointed CEO of the Malta Financial Services Authority (MFSA). The former general counsel with the Central Bank of Ireland will start his job in September. Former CEO Joseph Cuschieri had to resign in November after it was revealed that he had flown to Las Vegas with casino owner Yorgen Fenech in 2018, with Fenech footing the bill. Cuschieri's close confident Christopher P. Buttigieg has been acting CEO since. We can hope that the MFSA will finally become a real regulator under its new CEO.
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