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The Vienna Bank Job

For years, banks in three Eastern European countries were stripped of assets by their owners using a blunt but efficient… Read More

EU committee demands end to passport sales

The European Economic and Social Committee (EESC) has called for a ban on investor citizenship and residence schemes across Europe, saying they pose serious risks of security, money laundering and tax evasion. The EESC endorsed a recent report of the European Parliament which also called for an end to… Read More

BOV fined for money laundering breaches in two cases

Bank of Valletta has been fined a total of €57,500 in two cases involving breaches of its anti-money laundering obligations. A notice published on the Financial Intelligence Analysis Unit’s (FIAU) website says that, in the first case, BOV failed to flag how a factory worker who was later unemployed continued… Read More