WHEN WILL THE SWORD OF JUSTICE IMPALE MALTA ? AND WHAT WILL THE COUNTRY LOOK LIKE THEN ?

Shame is the name of the Game  by COSIMO

We understand that the leadership of the European Union, which is vitally interested in cleaning up Malta's sordid offshore financial centre, which is, in truth and in fact, a massive money laundering enterprise, was hoping that the arrival of the Biden Administration in 2021 would result in multiple American indictments of senior Maltese officials, and their many facilitators, for money laundering, as well as American citizens, for violations of the Foreign Corrupt Practices Act (FCPA). 

Unfortunately, this did not occur, and there was, we have heard, great disappointment in the EU. Whilst we cannot say for sure, the 800+ new criminal cases brought on by the US Capitol Insurrection on January 6th, and 2500-plus individuals still not arrested, certainly strained the Department of Justice resources to the limit, but eventually the DOJ should finally get around to Joseph Muscat and his Maltese Mafia.

When that day does come, and with the 2025 EU deadline for Members to shutter their Citizenship by Investment programmes closing in, Malta may experience a shock to its economy which will require that new industries be funded, or its outlook will be grim indeed. When financial criminals or budding tax evaders cannot have confidence in their ability to evade indictment and arrest, they will give Malta a wide berth. What will its residents do the for employment ?

Frankly, the long arm of American justice is way overdue to land hard upon Malta's many money launderers. They are foolish enough to traffic in US Dollars, which find their way through the New York banking centre, and confer American jurisdiction upon the offenders. When that day comes, expect a new wave of emigration abroad, Mr. Abela, that is if you are not yourself a guest of the Bureau of Prisons.