APS Bank pays €228,706 fine in Malta for risk assessment, CDD & monitoring faults

Remote examination, in November 2020, exposed a range of anti-money laundering control breaches at APS Bank plc, which led the Maltese Financial Intelligence Analysis Unit to impose a €228,706 penalty on 25 January.

Remote examination, in November 2020, exposed a range of anti-money laundering control breaches at APS Bank plc, which led the Maltese Financial Intelligence Analysis Unit (FIAU) to impose a €228,706 penalty on 25 January [2023]. [1]