Financial Action Task Force adds Gibraltar to its grey list
The Rock comes under scrutiny from global money laundering and terrorist financing watchdog just as Malta removed from list
- Ensuring that supervisory authorities for non-bank financial institutions and DNFBPs (designated non-financial businesses and professions) use a range of effective, proportionate, and dissuasive sanctions for AML/CFT (anti-money laundering/combating the financing of terrorism) breaches.
- Demonstrating that it is more actively and successfully pursuing final confiscation judgements, through criminal or civil proceedings based on financial investigations.