Malta to Investigate Maltese Nationals on Swissleaks List

Malta will investigate data received from the French government with Maltese account-holders at HSBC Holdings Plc’s Swiss private bank in Geneva, Maltese Prime Minister Joseph Muscat said.

Muscat has instructed the nation’s tax chief to initiate a probe with “absolute priority,” the prime minister told reporters on Monday in Valletta.

The information is governed by the Double Taxation Agreement between Malta and France and by the European Savings Tax Directive, Muscat said.

The list includes former center-right government ministers Ninu Zammit and Michael Falzon, who have since declared having “regularized” their positions. Seventy-one Malta-based names are on the list, 24 or whom are Maltese passport holders.

The process for Malta to obtain the list started last month during a Paris meeting between Muscat and French President Francois Hollande. A formal request for the list was then made by the Maltese tax authorities.

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