Money Laundering Unit

Money laundering is the movement of money that is derived from crime (commonly referred to as ‘dirty money’) through a series of complex transactions in order to hide its true origin and the owner of the said money.  This offence is considered modern and the term is said to have originated during the Prohibition Era in America when Organised Crime Groups set up laundries to cover the earnings from illegal alcohol sales.
In 1994, Malta set up its own legislation, the Prevention of Money Laundering Act (Chapter 373 of the Laws of Malta), which law makes it an offence “to convert or transfer property knowing that such property is derived from crime, the concealment or disguise of the true nature, source, location, disposition, movement, rights with respect of, in or over, or ownership of property, knowing that such property is derived directly or indirectly from criminal activity, and the retention without reasonable excuse of property knowing that the same was derived or originated directly or indirectly from criminal activity attempting any of the activities defined above”.
In the wake of this new crime, 2001 saw the introduction of this new Unit, which was tasked to carry out rogatory commissions related to money laundering.  These are requests submitted through the official judicial networks by overseas authorities to provide assistance in tracing, searching, interviewing and securing evidence and witnesses necessary for some money laundering cases abroad.  
In fact, since the inception of the money laundering unit, there have been many instances where assistance was given to foreign law enforcement agencies.  Assistance given by the Maltese Authorities has enabled convictions to be obtained in the United Kingdom for money laundering and VAT Fraud.  This Unit has also participated in ongoing investigations into the smuggling of tobacco across Europe.

Contact Information:

 Contact Name

St. Calcedonius Square
Floriana FRN 1530​

2122 4001​