Tag: Andre Camilleri

Malta’s MFSA saw no reason why to deny a license to Pilatus Bank

Malta Financial Services Authority tamir - March 16, 2022

The smallest EU State, Malta was the first European Union state ever to be greylisted. The FATF grey listed Malta in June 2021. In 2014, the MFSA had issued a banking license to Pilatus Bank. There was no reason for Pilatus Bank to be refused a banking license when it applied for one, Andre Camilleri, the then-director-general of MFSA, said in courts. Pilatus Bank had its license revoked by the ECB in 2018 after the bank’s chairman, Ali Sadr Hasheminejad, was indicted on money laundering charges in the U.S.

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Tag: Andre Camilleri

Malta’s MFSA saw no reason why to deny a license to Pilatus Bank￼

Malta’s MFSA saw no reason why to deny a license to Pilatus Bank