Tag: Caruana Galizia

Interesting: MFSA And Malta Face Damages Claims From Pilatus Bank Owner!

Compliance Mark Lagarde - September 18, 2022

FinTelegram has already reported many times on the unorthodox approach of Maltese authorities against money laundering and illegal investment practices. The collapsed Pilatus Bank is maybe a perfect example of the failure of Maltese regulators. The online magazine Shift reports that the investigating European law enforcement agencies are coming under pressure. In a pending arbitrage case, the World Bank's ICSID recommended suspending criminal investigations against its owner Ali Sadr, who also seeks compensation for damages.

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