Satabank clients are still awaiting the release of their funds, a full nine months after they were frozen, the Malta Chamber of SMEs (GRTU) has complained.
Reacting to news that the bank has been fined €3 million for anti-money laundering breaches, the GRTU said many of Satabank’s clients who had nothing to do with the regulatory issues had been left in limbo.
Regulators handed over control of Satabank to EY (formerly Ernst and Young) over fears the bank was allowing itself to be used by criminals to launder their funds.
Since the EY takeover in October, a controlled release of funds linked to low risk account holders has taken place.
According to the GRTU, the bank’s clients have been left in the dark about the process and have not been given a timeline about when their funds will be returned.
A seemingly routine patent filed in Florence would go on to redefine two-wheeled mobility. What began as an engineering solution soon developed into a wider cultural shift, driven by the...
Judges at the International Criminal Court on Thursday confirmed all three counts of murder as crimes against humanity against former Philippine President Rodrigo Duterte and committed...
Updated 1010
Parliament approves “living wills” law granting patients right to refuse future treatmentParliament has approved legislation introducing "living wills", giving citizens t...
Morning Briefing
Diesel shock strains Maltese freight sector as costs surge across Europe
A sharp rise in diesel prices across Europe is placing renewed pressure on Malta’s freight...
The European Parliament is moving closer to finalising its position on the EU’s next long-term budget, setting the stage for a key institutional milestone in shaping the 2028–2034 Multia...
EU lawmakers have approved new rules aimed at strengthening how failing banks are managed, extending protections to a wider range of institutions and depositors across the bloc.
The p...
A seemingly routine patent filed in Florence would go on to redefine two-wheeled mobility. What began as an engineering solution soon developed into a wider cultural shift, driven by the...
A new global analysis by HelloSafe has mapped out the richest countries in the world for 2026 using its Global Prosperity Index, a ranking that goes beyond GDP to measure overall wealth,...
“A company’s workplace culture praised by management, needs to be taken with caution. But when the recognition comes directly from employees, that carries greater weight,” says JONATHAN ...
EU lawmakers have approved new rules aimed at strengthening how failing banks are managed, extending protections to a wider range of institutions and depositors across the bloc.
The p...
Malta Public Transport announces that it will be operating two additional evening trips between Mġarr and Nadur in Gozo on Saturday 18 April 2026 to facilitate passenger travel following...
In line with its mission to drive a truly digital Malta, GO plc is making giga-speed internet the entry point for all business customers, with six months completely free for new Business...
Shipping traffic through the Strait of Hormuz remained at a virtual standstill on Monday with just three crossings in the space of 12 hours, according to shipping data.
The oil prod...
Rights groups, including Amnesty International, say Iran carries out more executions per capita than any other country, and more in total than any nation except China, where reliable fig...
Thousands of Cuban security personnel have begun leaving Caracas after nearly two decades in Venezuela, as Washington ramps up efforts to dismantle the long standing alliance between the...
María Corina Machado is a prominent figure in Venezuela’s opposition. She has reported that one of her closest associates, Juan Pablo Guanipa, was abducted. This occurred mere hours afte...
Russian forces have taken 1,700 square km (656 square miles) of territory in Ukraine this year and are advancing on its so-called fortress belt in Donbas, Moscow's top general said whil...
Russia unleashed its deadliest attack so far this year on the Ukrainian capital Kyiv and other cities overnight, killing 16 people, including a 12-year-old child, and wounding scores, i...
