Murder and money laundering in Malta -- a challenge for EUBRUSSELS (Reuters) - The European Union has called very publicly for Malta to bring to justice the killers of a journalist who accused the Mediterranean island s leaders of profiting from global corruption. But it has for years been much less vocal   and had little success   in ensuring Malta act to prevent money laundering, according to sources familiar with the work of the Maltese authorities and a Reuters review of EU and Maltese data. The data show the smallest EU state has been slow to apply international guidelines on naming firms that do not take action against dubious practices, and the number of convictions and sanctions for money laundering has been low. Malta has also consistently registered fewer reports of  suspect transactions  from banks, casinos and other financial operators than any other EU state, according to the data, despite having a  disproportionately large financial sector.  The European Parliament urged the European Commission, the EU s executive, on Wednesday to investigate Malta s adherence to the rule of law and voiced  serious concerns  about police independence and international money-laundering on the island. [L8N1NL4LI] But criticism of Malta on money laundering   in low-key reports by international supervisory bodies and by anti-corruption campaigner Daphne Caruana Galizia, killed by a car bomb on Oct. 16   appears so far to have had little impact.  Malta has sold its sovereignty to dirty money. The European Commission should take a more active role in investigating the condition of rule of law in Malta,  Sven Giegold, a member of  European Parliament from Germany s Greens party who campaigns against financial crime, told Reuters.  He said an international investigator was needed to counter a  culture of impunity and fiddling between political and economic elites  in Malta. Prime Minister Joseph Muscat told Reuters last month Malta s  financial services sector was  as transparent, solid and compliant as any other European jurisdiction . European Commission Vice President Frans Timmermans told lawmakers on Tuesday the EU executive had  no general concerns  about Malta s compliance with anti-money laundering laws though   improvements could be made on various levels.  Despite having a population of only 420,000, Malta, a former British naval stronghold south of Sicily, has a financial sector that dwarfs many EU countries. It is also the European leader in online gaming.  In 2016, assets of banks and financial institutions in Malta were more than 20 times its gross domestic product, about five times the equivalent figure for Germany and nearly four times the euro zone average, European Central Bank figures show. Yet in a report on the EU s anti-money laundering efforts that was released without fanfare in September, Europol said Malta reported fewer suspect transactions than other EU states between 2008, when it adopted the euro, and 2014. Europol also raised concerns that Malta and Cyprus may be failing to report as many cases as they should.  The supervisory authorities  receive very few reports given the size of their banking sectors and the significance of these jurisdictions in offshore financial services,  Europol said. Malta s Financial Intelligence Analysis Unit (FIAU), the country s anti-money laundering agency, received 202 reports of suspect transactions in 2014, the last year for which Europol data are available. Lithuania recorded the next fewest   over 50 percent more than Malta in a financial sector one sixth the size. By contrast, the Netherlands, a much bigger economy, reported 277,532 dubious movements in 2014, the highest number in the euro zone. FIAU s deputy director, Alfred Zammit, told Reuters it was impossible to conduct a  meaningful comparison  among EU countries based on available statistics because of different structures and reporting regimes in member states.  It is indeed arguable that given the size of the financial sector in Malta, one would expect to see more suspicious transaction reports submitted to the FIAU,  Zammit said. But he said Malta was tackling the problem by increasing awareness of the obligation to report by organizing training sessions. The annual number of reports in Malta more than doubled  from 2014 to 2017 although the proportion of those that were passed to the police fell to 11 percent last year from 24 percent in 2013, FIAU data show.  The Maltese police and the FIAU did not respond to questions from Reuters on how many of these cases were investigated or led to successful prosecutions. Malta s court handed down four money laundering criminal convictions last year but disclosed none in the financial sector.  The results of a European Parliament inquiry released this month said the number of convictions was  extremely low  and the institutions implementing and enforcing rules on money laundering were  highly politicized . Banks not complying with money-laundering rules have received small fines which in few cases were made public, contrary to guidelines recommending exposure to deter wrongdoing.  Zammit said the public disclosure of a higher number of sanctioned institutions would have been  disproportionate when compared to the nature of the breach .  Moneyval, the anti-money laundering watchdog of the Council of Europe, Europe s leading human rights organization, has also raised concerns. It said in a 2012 report that Malta s reporting of suspicious transactions was low for the size of its market. In a subsequent report in 2015, Moneyval found the country  largely compliant . A Moneyval spokesman told Reuters the latest report was however not based on a full assessment of the Maltese legal framework. The European Parliament urged Maltese authorities on Wednesday to look into allegations of money laundering against Pilatus Bank, which has its headquarters on the island.  Maltese police and Pilatus Bank did not reply to questions from Reuters about allegations against the bank.  For graphic click tmsnrt.rs/2AKVblJ worldnews
murder money laundering malta challenge brussels reuters the european union called publicly malta bring justice killers journalist accused mediterranean island leaders profiling global corruption but years much less vocal little success ensuring malta act prevent money laundering according sources familiar work males authorities reuters review eu males data the data show smallest eu state slow apply international guidelines naming firms take action dubious practices number convictions sanctions money laundering low malta also consistently registered fewer reports suspect transactions banks casinos financial operators eu state according data despite disproportionately large financial sector the european parliament urged european commission eu executive wednesday investigate malta adherence rule law voiced serious concerns police independence international island but criticism malta money laundering reports international supervisory bodies campaigner dane ariana galeria killed car bomb appears far little impact malta sold sovereignty dirty money the european commission take active role investigating condition rule law malta even giegold member european parliament germany greens party campaigns financial crime told reuters he said international investigator needed counter culture impunity finding political economic elites malta prime minister joseph must told reuters last month malta financial services sector transparent solid compliant european jurisdiction european commission vice president trans timmermans told lawmakers tuesday eu executive general concerns malta compliance laundering laws though improvements could made various levels despite population malta former british naval stronghold south simply financial sector dwarfs many eu countries it also european leader online gaming in assets banks financial institutions malta times gross domestic product five times equivalent figure germany nearly four times euro zone average european central bank figures show yet report eu laundering efforts released without fanfare september europe said malta reported fewer suspect transactions eu states adopted euro europe also raised concerns malta cyprus may failing report many cases the supervisory authorities receive reports given size banking sectors significance jurisdictions offshore financial services europe said malta financial intelligence analysis unit iau country laundering agency received reports suspect transactions last year europe data available lithuania recorded next fewest percent malta financial sector one sixth size by contrast netherlands much bigger economy reported dubious movements highest number euro zone iau deputy director alfred summit told reuters impossible conduct meaningful comparison among eu countries based available statistics different structures reporting regimes member states it indeed arguable given size financial sector malta one would expect see suspicious transaction reports submitted iau summit said but said malta tackling problem increasing awareness obligation report organizing training sessions the annual number reports malta doubled although proportion passed police fell percent last year percent iau data show the males police iau respond questions reuters many cases investigated led successful prosecutions malta court handed four money laundering criminal convictions last year disclosed none financial sector the results european parliament inquiry released month said number convictions extremely low institutions implementing enforcing rules money laundering highly politicized banks complying rules received small fines cases made public contrary guidelines recommending exposure deter wrongdoing summit said public disclosure higher number sanctioned institutions would disproportionate compared nature breach moneyval laundering watchdog council europe europe leading human rights organization also raised concerns it said report malta reporting suspicious transactions low size market in subsequent report moneyval found country largely compliant a moneyval spokesman told reuters latest report however based full assessment males legal framework the european parliament urged males authorities wednesday look allegations money laundering plates bank headquarters island males police plates bank reply questions reuters allegations bank for graphic click worldnews
Your task is to classify the provided input as real or fake news. Label 0 is meant for fake news, Label 1 is for real news. TEXT: Murder and money laundering in Malta -- a challenge for EUBRUSSELS (Reuters) - The European Union has called very publicly for Malta to bring to justice the killers of a journalist who accused the Mediterranean island s leaders of profiting from global corruption. But it has for years been much less vocal   and had little success   in ensuring Malta act to prevent money laundering, according to sources familiar with the work of the Maltese authorities and a Reuters review of EU and Maltese data. The data show the smallest EU state has been slow to apply international guidelines on naming firms that do not take action against dubious practices, and the number of convictions and sanctions for money laundering has been low. Malta has also consistently registered fewer reports of  suspect transactions  from banks, casinos and other financial operators than any other EU state, according to the data, despite having a  disproportionately large financial sector.  The European Parliament urged the European Commission, the EU s executive, on Wednesday to investigate Malta s adherence to the rule of law and voiced  serious concerns  about police independence and international money-laundering on the island. [L8N1NL4LI] But criticism of Malta on money laundering   in low-key reports by international supervisory bodies and by anti-corruption campaigner Daphne Caruana Galizia, killed by a car bomb on Oct. 16   appears so far to have had little impact.  Malta has sold its sovereignty to dirty money. The European Commission should take a more active role in investigating the condition of rule of law in Malta,  Sven Giegold, a member of  European Parliament from Germany s Greens party who campaigns against financial crime, told Reuters.  He said an international investigator was needed to counter a  culture of impunity and fiddling between political and economic elites  in Malta. Prime Minister Joseph Muscat told Reuters last month Malta s  financial services sector was  as transparent, solid and compliant as any other European jurisdiction . European Commission Vice President Frans Timmermans told lawmakers on Tuesday the EU executive had  no general concerns  about Malta s compliance with anti-money laundering laws though   improvements could be made on various levels.  Despite having a population of only 420,000, Malta, a former British naval stronghold south of Sicily, has a financial sector that dwarfs many EU countries. It is also the European leader in online gaming.  In 2016, assets of banks and financial institutions in Malta were more than 20 times its gross domestic product, about five times the equivalent figure for Germany and nearly four times the euro zone average, European Central Bank figures show. Yet in a report on the EU s anti-money laundering efforts that was released without fanfare in September, Europol said Malta reported fewer suspect transactions than other EU states between 2008, when it adopted the euro, and 2014. Europol also raised concerns that Malta and Cyprus may be failing to report as many cases as they should.  The supervisory authorities  receive very few reports given the size of their banking sectors and the significance of these jurisdictions in offshore financial services,  Europol said. Malta s Financial Intelligence Analysis Unit (FIAU), the country s anti-money laundering agency, received 202 reports of suspect transactions in 2014, the last year for which Europol data are available. Lithuania recorded the next fewest   over 50 percent more than Malta in a financial sector one sixth the size. By contrast, the Netherlands, a much bigger economy, reported 277,532 dubious movements in 2014, the highest number in the euro zone. FIAU s deputy director, Alfred Zammit, told Reuters it was impossible to conduct a  meaningful comparison  among EU countries based on available statistics because of different structures and reporting regimes in member states.  It is indeed arguable that given the size of the financial sector in Malta, one would expect to see more suspicious transaction reports submitted to the FIAU,  Zammit said. But he said Malta was tackling the problem by increasing awareness of the obligation to report by organizing training sessions. The annual number of reports in Malta more than doubled  from 2014 to 2017 although the proportion of those that were passed to the police fell to 11 percent last year from 24 percent in 2013, FIAU data show.  The Maltese police and the FIAU did not respond to questions from Reuters on how many of these cases were investigated or led to successful prosecutions. Malta s court handed down four money laundering criminal convictions last year but disclosed none in the financial sector.  The results of a European Parliament inquiry released this month said the number of convictions was  extremely low  and the institutions implementing and enforcing rules on money laundering were  highly politicized . Banks not complying with money-laundering rules have received small fines which in few cases were made public, contrary to guidelines recommending exposure to deter wrongdoing.  Zammit said the public disclosure of a higher number of sanctioned institutions would have been  disproportionate when compared to the nature of the breach .  Moneyval, the anti-money laundering watchdog of the Council of Europe, Europe s leading human rights organization, has also raised concerns. It said in a 2012 report that Malta s reporting of suspicious transactions was low for the size of its market. In a subsequent report in 2015, Moneyval found the country  largely compliant . A Moneyval spokesman told Reuters the latest report was however not based on a full assessment of the Maltese legal framework. The European Parliament urged Maltese authorities on Wednesday to look into allegations of money laundering against Pilatus Bank, which has its headquarters on the island.  Maltese police and Pilatus Bank did not reply to questions from Reuters about allegations against the bank.  For graphic click tmsnrt.rs/2AKVblJ worldnews
Your task is to classify the provided input as real or fake news. Label 0 is meant for fake news, Label 1 is for real news. TEXT: murder money laundering malta challenge brussels reuters the european union called publicly malta bring justice killers journalist accused mediterranean island leaders profiling global corruption but years much less vocal little success ensuring malta act prevent money laundering according sources familiar work males authorities reuters review eu males data the data show smallest eu state slow apply international guidelines naming firms take action dubious practices number convictions sanctions money laundering low malta also consistently registered fewer reports suspect transactions banks casinos financial operators eu state according data despite disproportionately large financial sector the european parliament urged european commission eu executive wednesday investigate malta adherence rule law voiced serious concerns police independence international island but criticism malta money laundering reports international supervisory bodies campaigner dane ariana galeria killed car bomb appears far little impact malta sold sovereignty dirty money the european commission take active role investigating condition rule law malta even giegold member european parliament germany greens party campaigns financial crime told reuters he said international investigator needed counter culture impunity finding political economic elites malta prime minister joseph must told reuters last month malta financial services sector transparent solid compliant european jurisdiction european commission vice president trans timmermans told lawmakers tuesday eu executive general concerns malta compliance laundering laws though improvements could made various levels despite population malta former british naval stronghold south simply financial sector dwarfs many eu countries it also european leader online gaming in assets banks financial institutions malta times gross domestic product five times equivalent figure germany nearly four times euro zone average european central bank figures show yet report eu laundering efforts released without fanfare september europe said malta reported fewer suspect transactions eu states adopted euro europe also raised concerns malta cyprus may failing report many cases the supervisory authorities receive reports given size banking sectors significance jurisdictions offshore financial services europe said malta financial intelligence analysis unit iau country laundering agency received reports suspect transactions last year europe data available lithuania recorded next fewest percent malta financial sector one sixth size by contrast netherlands much bigger economy reported dubious movements highest number euro zone iau deputy director alfred summit told reuters impossible conduct meaningful comparison among eu countries based available statistics different structures reporting regimes member states it indeed arguable given size financial sector malta one would expect see suspicious transaction reports submitted iau summit said but said malta tackling problem increasing awareness obligation report organizing training sessions the annual number reports malta doubled although proportion passed police fell percent last year percent iau data show the males police iau respond questions reuters many cases investigated led successful prosecutions malta court handed four money laundering criminal convictions last year disclosed none financial sector the results european parliament inquiry released month said number convictions extremely low institutions implementing enforcing rules money laundering highly politicized banks complying rules received small fines cases made public contrary guidelines recommending exposure deter wrongdoing summit said public disclosure higher number sanctioned institutions would disproportionate compared nature breach moneyval laundering watchdog council europe europe leading human rights organization also raised concerns it said report malta reporting suspicious transactions low size market in subsequent report moneyval found country largely compliant a moneyval spokesman told reuters latest report however based full assessment males legal framework the european parliament urged males authorities wednesday look allegations money laundering plates bank headquarters island males police plates bank reply questions reuters allegations bank for graphic click worldnews