News

A German court imposed a €150,000 fine on Frankfurt-based KfW Ipex-Bank for violating anti-money laundering rules when loaning funds to Isabel dos Santos, daughter of Angola's former president, Sueddeutsche Zeitung reported. More Pilatus Bank, the defunct private lender that Maltese authorities recently accused of laundering funds, allowed politically connected individuals to shuffle millions of euros between linked accounts through opaque corporate entities and loans, Malta Today reported. More Maltese businessman Yorgen Fenech, the alleged mastermind behind the murder of investigative journalist Daphne Caruana Galizia, has been charged with fraud and money laundering, Times of Malta reported. More Malta's gray-listing by...