If you are a compliance officer anywhere in the world, but particularly in the European Union, and the British Virgin Islands, please pay close attention to the 18-page document attached below. It lists all the companies named in a freeze, attachment and garnishment order entered by Judge Edwina Grima, at the Attorney General's request. There are many corporations, banks, and other entities which have 24 hours to comply. Are you banking any of these individuals or companies ? You are advised to consult with your counsel immediately, especially if you have any pending transfer or withdrawal orders from your clients.
Suspected of money laundering is KEITH SCHEMBRI, the ex-Chief of Staff to the former Prime Minister, JOSEPH MUSCAT, who is himself a target of US law enforcement, and a Person of Interest in several EU countries. Yes, I know the Order is in Maltese, but you can certainly read the names and check your records forthwith. You are strongly advised to do so.
Whether this asset freeze is the beginning of a major Maltese money laundering enforcement campaign, or merely an astute political move, to superficially deflect the international pressure which Malta's government is definitely feeling of late, remains an open question. Will there be subsequent enforcement actions ? Only time will tell. October is fast approaching, and that means only one thing: MONEYVAL.
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