Ian Zammit
Finance
Money-laundering – Malta FIUA fines Southern Cross SICAV with €300,000!
According to the Times of Malta, millions flowed through the MFSA-regulated Maltese investment fund Southern Cross SICAV plc without proper controls to prevent money-laundering and terrorism financing. The Financial Intelligence Analysis Unit (FIAU) found that Southern Cross SIVAC had a “disregard” for its anti-money laundering obligations. The fund is in the process of surrendering its MFSA license. The FIU has imposed a fine on the company in the amount of €303,710 for the “serious” failures during its years in operation.
No posts to display
Latest articles
Politics & Society
EU Investigates TikTok Over Alleged Election Interference in Romania
The European Commission has launched a formal investigation into TikTok following allegations that the...
politics
Convicted Yet Victorious: Trump Set to Reclaim the White House Amid Legal Turmoil
In a stunning twist of political and legal history, Donald Trump is poised to...
Uncategorized
Klarna Cracks Down: Drug Tests Coming for Employees in Sweden
The fintech giant Klarna, known for revolutionizing online payments, is now making headlines for a...
Politicians
El Salvador’s Bitcoin Profits Surpass $300 Million Under President Bukele
El Salvador, the first country in the world to adopt Bitcoin (BTC) as legal tender, has...
