Malta's ongoing struggle with illegal gambling and money laundering
Malta's underground lottery network reportedly launders €30m annually, threatening further international sanctions
Malta faces criticism for its ongoing struggles with crime and corruption, including an underground lottery network that reportedly launders up to €30m annually.
An investigation connected to the murder of journalist Daphne Caruana Galizia found that the illicit lotto, which accounted for 30% of the total market share, continues to operate on the island.
While the country was removed from FATF’s greylist, a lack of progress or new regulatory failings could result in further international sanctions.
Authorities and the public must work together to restore Malta's damaged reputation and capitalize on its unique advantages.