More licensed firms and funds are surrendering their Malta license. The smallest EU country was greylisted in June 2021 by the Financial Action Task Force (FATF). Wood & Company, a Czech Republic-owned company, registered a Malta company in 2006 namely Wood & Company Funds SICAV p.l.c. The company has now voluntarily surrendered its license for one of its sub-funds, namely the Wood & Company Textiles Fund. This fund was operated by Wood Textiles Holding Limited, a Malta-based company that has since been struck off.