ECB Shuts Down Maltese Bank Over Schemes to Launder Money and Evade US Sanctions10.95

Malta’s Pilatus Bank has been shut down by the European Central Bank (ECB). Its banking license was revoked after its chairman was charged in the U.S. with money laundering and organizing a scheme to evade U.S. sanctions. The bank had also been accused by a murdered journalist of processing corrupt payments. EU authorities now want new powers to crack down on money laundering.

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https://news.bitcoin.com/ecb-maltese-bank-launder-money-us-sanctions/

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