Truth Technologies News

08-11-2016 - Anti-Money Laundering

Malta And The Panama Papers

There is concern throughout Europe that Malta will not be able to push through the EU’s new anti-graft laws while Malta holds the EU Presidency, because a Maltese cabinet minister and the Chief of Staff to Malta’s Prime Minister were both mentioned in the Panama Papers.

According to Germany’s Green Member of the European Parliament, “This is all very embarrassing…“We will raise this whole mess in the [European Parliament’s special] Panama Papers committee. Malta has to get serious. It has to tidy up in order for the whole European financial infrastructure to gain credibility.”

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