Malta removed from FATF grey list

Isaac Sammut  -  16/June/2022

Malta has been formally voted off the Financial Action Task Force (FATF) grey list, bringing the one-year saga to an end.

The implications and scrutiny of the increased monitoring by international bodies have left their mark on Malta as a jurisdiction but as the infamous proverbial goes, every cloud has a silver lining.

Amidst the serious concerns raised about Malta’s economic future due to the greylisting, KSi Malta has maintained its strong position in the financial services industry. KSi Malta, a firm boasting over 45 years of practical knowledge in taxation, legal advisory and the provision of corporate services, has always valued its international portfolio and in assisting international clients to relocate and incorporate in Malta.

Whilst the past year has not been a ride in the park, KSi Malta has been able to maintain and grow its client portfolio as a result of its strategic decisions and motivation to continue being the leading provider of auditing, accounting, tax and consultancy services. KSi Malta has worked diligently in also strengthening its risk and compliance team to address the evolving nature of anti-money laundering and align itself to the new anti-financial crime measures introduced in recent months.

The Partners at the firm welcome the news that Malta has been taken off the grey list and remain optimistic about Malta consolidating its position as a clean and qualitative jurisdiction. Mr Dennis Mark Gauci, Partner at KSi Malta responsible for overseeing International Clients, strongly believes that Malta is at the top of the game in terms of attracting investment to its shores and looks forward to continuing promoting Malta overseas.

With Malta’s economy growing faster than expected, stable outlooks by leading credit ratings, and now the removal of Malta from the FATF grey list, the start of this new chapter for Malta looks very promising indeed. 

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