Malta Chamber presents Moneyval evaluation recommendations

The Malta Chamber

Tista' taqra bil- Malti.

The Malta Chamber of Commerce, Enterprise and Industry yesterday presented a document, titled ‘Recommendations for the Moneyval Assessment’ during a delegation, composed of key associations in the Financial Services sector, to discuss the pending Moneyval evaluation with Prime Minister Robert Abela.

In a statement, the Malta Chamber remarked how during the past weeks, it established a forum with the aim of bringing together players in the financial services sector, to present a unified voice, and support Government ahead of the upcoming Moneyval evaluation. The forum is composed of The Malta Chamber’s Financial Services Business Section, Malta Bankers Association, Chamber of Advocates, Malta Institute of Accountants, Institute of Financial Services Practitioners and Malta Institute of Taxation.

Proposal for national spokesperson on Moneyval matters

The Malta Chamber through its Moneyval Forum, proposed the appointment of one technical, apolitical national spokesperson on Moneyval related matters. It described that the individual would be able to communicate developments and improvements being registered by Government on the subject in a “clear albeit technical manner.”

“Success cannot be achieved by the Government acting alone or by pointing fingers towards one sector or another”, Architect David Xuereb, President of The Malta Chamber, told the Prime Minister during the meeting. He added that it can only be achieved by having an effective unified effort.