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High-court rulings in two of the more than 30 cases pitting financial institutions in Malta against the Financial Intelligence Analysis Unit, or FIAU, appear to confirm and possibly restore the agency's ability to enforce anti-money laundering requirements punitively. In separate rulings on the FIAU's earlier fines against investment platform XNT Limited and Phoenix Payments, a payment processor, judges at the Constitutional Court in Valleta found Monday that the legal and regulatory provisions that give the agency power to penalize companies in response to AML breaches do not infringe on their constitutional rights. The rulings, delivered within minutes of each other,...