ECB SHUTS PILATUS BANK AS EU WEIGHS NEW MOVE ON MALTA

Reuters on 5th November reported that the European Central Bank has withdrawn the banking licence of the Pilatus Bank, after the chairman of the bank was charged in the US over money laundering and bank fraud.

https://uk.reuters.com/article/uk-ecb-malta-pilatus/ecb-shuts-pilatus-bank-as-eu-weighs-new-move-on-malta-idUKKCN1NA1JU

http://www.independent.com.mt/articles/2018-11-05/local-news/Pilatus-Bank-officially-closed-down-6736198881

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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