After the Maltese regime was given a poor rating by The Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism, known as Moneyval, the Opposition has demanded that the government take immediate steps to restore the island country’s image.
According to reports, Finance spokesman Mario De Marco stated that the government should first acknowledge the problem. The Opposition also warned that if the government did not take any steps, it would harm the country’s image on a global scale affecting the business sector and foreign direct investment.
The Nationalist Party (PN) attacked Tourism Minister Konrad Mizzi. “This administration needs to start thinking about the future. Failure to do so would rock Malta’s economic future and the burden would be borne by the nation as a whole irrespective of one’s political beliefs and affiliations,” it said in a statement.
De Marco also added that it was the duty of Opposition to speak for the future generations who will be affected by this situation. He also said that the Finance Minister Edward Scicluna should take responsibility for this.