FinanceMalta welcomes the improvement in Malta's ranking in an OECD report from 'partially compliant' in 2020 to 'largely compliant'. The OECD Supplementary Report issued on March 28 looked into Malta's legal and regulatory framework as well as its practical implementation, in particular related to requests for Exchange of Information. Progress was registered in four out of the ten metrics.
"FinanceMalta appreciates the huge amount of work which led to this improvement, which required collaboration from a wide range of stakeholders. We also welcome the OECD's recommendations on ways to continue on this journey," Chairman George Vella said.
