EBA demands rapid reform at Maltese AML agency
Bank owner arrested in US and charged with financial crime on behalf of Iran
The European Banking Authority has strongly criticised the Maltese government agency that deals with financial crime over its handling of a bank that was subsequently closed down over alleged large-scale money-laundering.
The EBA was asked by the European Commission to investigate whether to find Malta’s Financial Intelligence Analysis Unit was in breach of European Union laws.
The authority says the FIAU appeared not to have seriously investigated concerns raised by another agency about
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