Tag: NGB Bank Malta

That hurts! NBG Bank Malta surrenders its investment services license!

Compliance Ben - May 8, 2022

The departure of licensed firms leaving Malta continues. This time around, NBG Bank Malta is surrendering its Malta investments services license. NBG, short for National Bank of Greece, was set up in Malta in 2006. In June 2021, Malta was grey-listed by the FATC. This has resulted in more than 100 licensed firms surrendering their license over the past months. Licenses are issued by MFSA. The regulator has been harshly criticized over the past years for lack of action against money laundering and structural corruption.

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