Tag: Lawrence Mintoff

Malta’s Calamatta Cuschieri Ordered By Courts To Compensate Client Due To Negligence!

Court Cases Ben - July 2, 2022

A few months ago, the Maltese Arbiter for Financial Services ruled that Calamatta Cuschieri Investments Services Limited is guilty of not meeting the relevant obligations. The detailed decision describes how an investor lost more than €100,000 through investments that were suggested to him by Malta's Calamatta Cushieri Investments Services. The company appealed the fine, but on 1st July 2022, the Maltese Courts, through Judge Lawrence Mintoff, confirmed the Arbiter's decision.

Malta’s FIAU over-fined a company five times more than the law permitted!

FIU Malta tamir - April 27, 2022

On the last day of 2019, FIAU fined the then MFSA-regulated Maltese financial institution Corporate & Commercial FX Services Ltd (CCFX), some €156,202. The company immediately appealed this fine. The Malta Court of Appeal (Civil Inferior), after more than two years, delivered its judgment. According to Judge Lawrence Mintoff, the fine should have been €31,240. However, the criticized Maltese FIAU fined the company five times more than what the law permitted.

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