From my article in The Sunday Times yesterday:

“Before all this started, the general mantra was that it is statistically impossible that, within all the billions of dollars that flow through Malta, there is no dirty money worthy of prosecutions and convictions in court.

“The billions still flow, perhaps slightly reduced. With all the additional rules and procedures, the tighter oversight on the operators, the beefed-up regulatory resources and the effort to look sharper in the eyes of the world, we’re still getting barely any prosecutions worthy of remark and no convictions at all.

“We have addressed the risk of compliance. Have we, though, addressed the risk of crime?”

Read the full article here.