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Discussing efforts in combating terrorist financing and financial crimes
Minister for Finance Edward Scicluna held a meeting with the U.S. Department of Treasury Assistant Secretary for Terrorist Financing Marshall Billingslea during which they discussed efforts in combating terrorist financing and financial crimes. PRESS RELEASE BY THE MINISTRY FOR FINANCE The meeting was also attended by Parliamentary Secretary for Financial Services, Digital Economy and Innovation…
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Fiscal data for the first half of 2019 in line with targets
The Ministry for Finance welcomes the latest Government Finance Data, published by the National Statistics Office (NSO), which shows that for the first half of this year, Government revenue continued to be bouyant, with the increase in tax revenue rising by €218 million or 12.5 per cent, reflecting an increase in employment income coupled with…
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€405,532 f’fondi għal proġetti fil-komunita’
19-il għaqda mhux governattiva gawdew bejniethom aktar minn €405,000 f’fondi sabiex bihom huma jkunu jistgħu ikomplu jagħmlu ġid fil-komunita’ tal-belt jew r-raħal tagħhom. Il-fondi li ġew iffinanzjati mill-Fond tal-Lotterija Nazzjonali għal Kawżi Ġusti ġew imqasma mill-Ministru għall-Finanzi l-Professur Edward Scicluna. Il-Ministru fisser kif b’dawn il-flus, il-komunita’ Maltija u Għawdxija inġenerali minn kull aspett tal-ħajja ser tkun…
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AIIB annual meeting in Luxembourg
Minister for Finance Edward Scicluna attended the AIIB annual meeting in Luxembourg. He was accompanied by the Deputy Governor of the Central Bank Alessandro Demarco. Saturday 13th July 2019
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Fitch upgrades Malta’s rating outlook to positive
The Ministry for Finance welcomes Fitch’s outlook upgrade for Malta from ‘Stable’ to ‘Positive’ and its reaffirmation of the sovereign credit rating at A+. Fitch attributes the upgrade to Malta’s robust economic growth, positively noting that in 2018 Malta was the fastest growing economy in the European Union (EU). The fiscal surplus recorded in the…
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Malta announces major reforms to strengthen the fight against financial crime
Minister for Finance Edward Scicluna has reinforced the country’s commitment to fighting the scourge of financial crime and money laundering. The Minister unveiled new measures to boost the resources available to regulators and law enforcement as well as proposing sweeping reforms to ensure their effectiveness. Creation of new Financial Organised Crime Agency to investigate…
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Aktar xogħol mill-istituzzjonijiet Maltin fil-ġlieda kontra l-ħasil tal-flus
Fil-jiem li ġejjin il-Gvern se jkun qed jippreżenta pakkett ta’ miżuri li permezz tiegħu ser ikun hemm iżjed sinerġija bejn l-istituzzjonijiet fil-ġlieda tagħhom kontra l-ħasil tal-flus. Ħabbar dan il-Ministru għall-Finanzi Edward Scicluna waqt li kien qed jindirizza s-67 laqgħa tal-Kumitat Konġunt dwar il-Prevenzjoni tal-Ħasil tal-Flus u l-Iffinanzjar tat-Terroriżmu fi ħdan l-FIAU. STQARRIJA MILL-MINISTERU GĦALL-FINANZI Huwa…
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EIB should take note of developments arising from Med7 meeting
“We congratulate EIB President Hoyer and his team for good results obtained during 2018 but especially in addressing capital replacement needs, together with governance reforms and gender balance. With regards to the future, climate change and sustainable finance will of course feature prominently in terms of priorities”. This was stated by the Minister for Finance…
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Malta praised for being a longstanding partner at the EBRD
“We are interested in bringing together Europe and Africa, especially North Africa; we have our expertise, history, good contacts, we are trusted as honest brokers and as a small country with no political agendas which wants peace and prosperity.” This was stated by the Minister for Finance Edward Scicluna following a meeting in the presence…
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Further institutions needed to combat organised economic crimes
“Apart from the need to have further institutions to fight organised economic crimes, there will also be a review of the roles of our institutions to ensure that there will be better enforcement and closer collaboration while speeding up the prosecution process”, said Minister for Finance Edward Scicluna during his keynote speech on ‘Combatting Financial…