ECB shuts Pilatus Bank as EU readies new move on Malta BRUSSELS, Nov 5 (Reuters) – The European Central Bank has withdrawn the banking licence of Malta’sPilatus Bank, the island’s financial regulator said on Monday, as the European Commission acted to step up a disciplinary procedure against Maltese authorities. The ECB decision came after the […]

Malta is among a number of EU countries that missed a June 26 deadline to implement stricter anti-money laundering rules, the Times of Malta has learnt. The government has yet to transpose into legislation the European Union’s fourth anti-money laundering directive, which imposes stricter client controls on banks and other financial intermediaries. Under the new […]