25.2 C
New York
Saturday, March 29, 2025
spot_img
HomeTagsIan Zammit

Ian Zammit

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.
spot_img

No posts to display

Latest articles

Justin Fields rumors tracker: Latest free agency news on Steelers, Jets, other 2025 landing spots

The 2025 NFL quarterback carousal has begun. And this year, Austin Fields is one...

Lacking a playbook for dealing with economic decline, leaders of smaller cities opt for pragmatism, flexibility

His article has been reviewed according to Science X's editorial process and policies ....

Vertical farming research sheds light on producing medicinal compounds

His article has been reviewed according to Science X's editorial process and policies ....

49ers predicted to make $50 million Brock Purdy decision by late May: insider

One chapter of Frock Hurry's journey with the An Francisco hers will end this...