Prime Minister Robert Abela and Finance Minister Clyde Caruana will be jointly addressing a press conference on Wednesday (today) evening following unconfirmed reports that the Financial Action Task Force (FATF) has voted to grey list Malta.
The so-called FATF grey list groups together countries around the world deemed to be untrustworthy in the fight against money laundering and the financing of terrorism.
Speaking to BusinessNow.mt, sources within both Government and the Opposition said the vote took place shortly after 2.30pm and that the plenary session voted to place Malta on the grey list.
No official announcement by the FATF is expected today, with the organisation holding a press briefing on Friday afternoon where it is expected that it will communicate the outcome of decisions taken throughout a full week of plenary sessions.
Boosting heads in beds, does not correlate with an improvement in quality.
The Malta Tourism Authority will provide local councils with information about owners of holiday premises