Ticker
EU orders Malta to up anti-money laundering efforts
By EUOBSERVER
EU justice commissioner Vera Jourova has announced binding demands on Malta, forcing for the first time an EU member state to improve its anti-money laundering efforts. "We will react because the EBA's [European Banking Authority] report has concrete proposals for improving the functions of [Malta's] financial intelligence unit," she told the Financial Times. The EBA report was published in July.