News

Insignia Cards Limited, a payment services firm that promotes itself as "one of the most bespoke, high-end lifestyle management services groups in the world," has been fined more than €370,000 in Malta for a range of anti-money laundering violations. The company gained a foothold on the Mediterranean island in 2011 by offering high-end payment cards to clients hailing from the top 0.01 percent of income worldwide, and by the end of 2019 counted 800 individuals in Europe and dozens more in the United States as customers, the most demanding of whom could buy customized cards inlaid with diamonds or gold...