Money Laundering Bulletin
Satabank penalty for broad AML failings reduced to €851,793 in Malta
Satabank plc, which faced a €3,711,300 fine by the Maltese Financial Intelligence Analysis Unit (FIAU) in March 2019 for major
failings in its anti-money laundering controls, has secured a reduction in the penalty, to €851,793, in the Court of Appeal.
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