Tax evasion issues continue in Malta

Concerns of tax evasion and money laundering persist in Malta and threaten to derail the significant progress made in the island’s gaming industry. An anti-money laundering (AML) investigation in Italy, described as the biggest the country, has led authorities to gambling companies licensed in Malta. Named operation Glassia by Italian Financial Police, the investigation saw 60 people arrested and €1bn ($1.1bn) seized in illegal funds...