HomeWorldHead of Malta FIU says it has ‘no power’ to pursue

Head of Malta FIU says it has ‘no power’ to pursue

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By Paul O’Donoghue

The head of Malta’s FIU has said it has “no power” to pursue formal legal action on money laundering following a string of court decisions throwing out fines imposed by the organisation.

Alfred Zammit, the director of Malta’s FIAU (Financial Intelligence Analysis Unit) said the body wants to crack down on money laundering but is being hampered by severe limitations in its powers.

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