NBG Bank Malta fined €337,422 for risk assessment, CDD, monitoring breaches

NBG Bank Malta, formerly Finansbank Malta, which serves high-net worth individuals and corporates, has been ordered to pay two fines, totalling €337,422, after an off-site review and a visit by the Financial Intelligence Analysis Unit (FIAU), in 2020, found wide-ranging anti-money laundering compliance failings. [1]