Pilatus Bank ends banking operations

Pilatus Bank ends banking operations

The Malta Financial Services Authority (MFSA) disclosed that the European Central Bank (ECB) revoked the license of Pilatus Bank which operated in Malta for four years. The chairman of the bank was accused of money laundering and for the promotion of a scheme to evade US sanctions. The MFSA mentioned, “The ECB had acted on its request to close the bank.”

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