This is the new MLex platform. Existing customers should continue to use the existing MLex platform until migrated.
For any queries, please contact Customer Services or your Account Manager. Dismiss

Pilatus Bank locked down by Maltese authority amid corruption claims

( March 22, 2018, 12:56 GMT | Official Statement) -- MLex Summary: Malta’s banking regulator has seized control of Pilatus Bank, which is at the center of a national corruption and money-laundering scandal. The Malta Financial Services Authority has blocked the bank from making any transactions for customers, executives and shareholders. It also ordered director Ali Sadr Hashemi Nejad to step down immediately after he was separately charged in the US on Tuesday with money-laundering and fraud offenses not linked to Pilatus Bank.The documents are attached. ...

Prepare for tomorrow’s regulatory change, today

MLex identifies risk to business wherever it emerges, with specialist reporters across the globe providing exclusive news and deep-dive analysis on the proposals, probes, enforcement actions and rulings that matter to your organization and clients, now and in the longer term.


Know what others in the room don’t, with features including:

  • Daily newsletters for Antitrust, M&A, Trade, Data Privacy & Security, Technology, AI and more
  • Custom alerts on specific filters including geographies, industries, topics and companies to suit your practice needs
  • Predictive analysis from expert journalists across North America, the UK and Europe, Latin America and Asia-Pacific
  • Curated case files bringing together news, analysis and source documents in a single timeline

Experience MLex today with a 14-day free trial.

Start Free Trial

Already a subscriber? Click here to login

Documents

Related Sections