Malta completes FATF reforms and exits grey list
Malta left the FATF grey list after authorities implemented reforms to address the organisation’s recommendations, according to Lottofy chief AML officer Luis Perez. Perez said the greylisting had affected the gaming sector and that Malta’s removal helped restore investor confidence; he cited industry estimates that gaming accounts for around 12% of the country’s GDP.
Malta’s removal affects the financial and compliance environment for gambling businesses operating in the jurisdiction.