Ref. Ares(2020)1537959 - 12/03/2020
Ref. Ares(2020)1912113 - 03/04/2020
OUT OF SCOPE
Anti‐Money Laundering Legislation
OUT OF SCOPE
Citizenship by investment schemes/Maltese Individual Investor Programme
The Ambassador underlined the importance of engaging with the Commission on this topic and underlined
the important role of the Expert Group. He mentioned the Citizenship by Investment Due Diligence
Conference to take place on 11 June 2019. Key players on this topic would come together (e.g.
banking/industry actors) and the MT Ambassador extended the invitation to the Commission. It is not yet
clear if participants from the expert group will be invited but the Ambassador was open to this idea. DG
Astola referred to the issue that investors do not need to physically reside in Malta for any period of time
(only a requirement to hold a residence permit for 12 months) From the answer of the Ambassador it
appears that for Maltese authorities physical presence does not appear to be a precondition for meeting the
residence requirement (businesses require to move frequently).
Present:
MT Ambassador Daniel Azzopardi and
COMDG Tiina Astola,
(JUST 02) and
(JUSTC.1)
(JUST/C1) and
(JUST/02)
2