MALTA: MAN FOUND IN POSSESSION OF €160,000 AT AIRPORT CHARGED WITH MONEY LAUNDERING

On 17 September, the Times of Malta reported that Ali Muuse Igaale, 40, a leading member of the local Somali community who was found with €160,000 in undeclared cash at the airport in August has pleaded not guilty to money laundering. He was booked on a flight to Istanbul.  He has lived in Malta for 8 years and runs a barber and a clothing outlet.  A court has been told that the source of the €160,000 that had been found in his possession could not be traced, and that €10,000, handed back to Igaale, while on remand in prison, as the maximum amount of money permissible in terms of cash control regulations, appeared to have since gone missing.

https://timesofmalta.com/articles/view/man-found-in-possession-of-160000-at-airport-charged-with-money.901100

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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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