MALTA – SATABANK: FIAU FOUND CLIENTS WITH SUSPECTED ORGANISED CRIME LINKS

Malta Today reported on 26th November that Satabank, the Bulgarian-owned bank recently ordered to stop operations by the Maltese financial regulator, was operating a high-risk model that had taken on clients with suspected organised crime links.  Satabank offered some 5,000 clients an “innovative” online and e-money platform.

https://www.maltatoday.com.mt/news/national/91197/satabank_fiau_found_clients_with_suspected_organised_crime_links_

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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