‘We will pass Moneyval test’ – Abela promises Labour conference

Prime Minister Robert Abela on Thursday expressed his conviction that Malta will pass a follow-up assessment by anti-money laundering experts from the Council of Europe towards the end of the year. 
“Just like we passed the Venice Commission [rule of law reforms] test, we will pass this test too because we know what we are doing and we are focussed on our efforts”, Abela said.  
Failing the assessment could see Malta grey listed by the Financial Action Task Force.
The Malta Employers' Association warned earlier this week that failure to pass what is known as the Moneyval test would see Malta's economy suffer a crisis as catastrophic as that of Covid-19.

Addressing an extraordinary general conference by the Labour Party, Abela said he would not be satisfied if Malta merely scraped through the test.
He stressed that a strong government and a strong party would be maintained by ensuring change. 
Decisions, no matter how tough, would be taken as necessary, he said.  
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Prior to Abela’s speech, the conference approved a motion ensured that the party's next deputy leader for party affairs will not be a member of...