In reaction to FATF’s greylisting of our country, Prime Minister Robert Abela during a press conference held last night said that he considers this decision by the FATF as unjust.
The Prime Minister said that while considering this decision as unfair, our country will continue to build on the many reforms that have already been carried out. Abela said it is his duty to ensure that families, workers and businesses have the best regulatory framework and the best possible institutions to protect their rights.
He added that the MoneyVal report in May of this year was a positive one wherein the great changes that our country has made were recognized. The Venice Commission and the European Commission have done the same in the context of the increased work that the pandemic has brought.
The PM said that as a country we will not let our pride take over and will continue to dialogue to convince and where necessary we will make the changes that are needed. “This news offers a new challenge, but it inspires a stronger sense of determination for us to work harder,” Abela continued.
With regard to governance, Abela said that a lot of good work has been done, but now it is time to reap the results from all this. He reiterated that while there may be those who will turn this decision into a partisan game, he in turn promised to continue to make the necessary decisions so that the necessary changes can be executed.
“What I can guarantee today is that Gozo and Malta will continue to move forward. This is my promise. This is my word to you,” concluded Abela.
On his part, the Minister of Finance and Employment Clyde Caruana said that, “we have worked relentlessly and we will continue to do so. This was my message in the last days during this process where day after day I was making a strong case for how much this country, especially in the last 18 months, has devoted time and resources.
“We need to do this to ensure that the countries we all work with consider us as a partner who is loyal, whose structures are like their own. I said that we are doing this and we must continue this commitment in the coming weeks and months,” reiterated Minister Caruana.