EBA RAISES ‘SERIOUS CONCERNS’ OVER MALTA’S FINANCIAL REGULATOR

EBA RAISES ‘SERIOUS CONCERNS’ OVER MALTA’S FINANCIAL REGULATOR

International Investor on 3rd June reported that EU’s banking regulator said in its annual report that it has “serious concerns” on the effectiveness of the Malta FSA supervision of financial institutions in the country but it did not find evidence that EU laws were breached.  An investigation found that the FIAU had breached EU AML laws in 2016 during the course of its monitoring of the Pilatus bank owned by an Iranian national.

https://www.internationalinvestment.net/news/4002466/eba-raises-concerns-malta-financial-regulator

https://eba.europa.eu/-/eba-publishes-its-2018-annual-report

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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