Satabank

Malta: Satabank loses its banking license

On the recommendation of the Malta Financial Services Authority, MFSA, the European Central Bank revoked the Satabank bank license with effect from the end of June. Source: One News Updated:…

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Meetings between Finance Minister and US Treasury head of terrorist financing unit held on Satabank – MaltaToday Headlines

Malta Today leads with a meeting between the Finance Minister and the US Treasury head of terrorist financing unit. Sources told the paper that American intelligence was privy to sensitive…

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Malta: Satabank clients still awaiting for the release of their funds

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…

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Government jobs to MPs is fundamentally wrong

The Sunday Times reports on a document by the Commissioner for Standards in Public Life warning that government jobs offered to MPs are ‘fundamentally wrong’ and diminish the duty of…

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Satabank fined over €3 million for money laundering laws breaches

Satabank has been slapped with a record €3 million fine for widespread breaches of money laundering laws, The Sunday Times of Malta reports. MaltaToday reports that the fine is €3.5…

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Satabank clients still awaiting funds – The Malta Independent on Sunday

Clients of Satabank are still awaiting funds approximately eight months down the line since its accounts were frozen by the Malta Financial Services Authority (MFSA), the Malta Independent on Sunday…

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Corporate Dispatch Morning Briefing – Sunday Newspaper Review

Good morning, These are the main stories on Malta's front-pages. The Sunday Times reveals that the Malta Financial Services Authority has written to Bank of Valletta to implement urgent changes…

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Malta business community which used to bank with Satabank facing financial and cashflow difficulties – GRTU

The GRTU issued a notification that it is closely following the Satabank issue and has urged enterprises affected to get in touch with them. "Satabank has many clients in Malta…

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MFSA appoints auditors to advise and monitor Satabank after shortcomings in anti-money laundering procedures found

The Times of Malta reports Auditors EY have been appointed by the MFSA to “advise and monitor” Satabank, after a joint inspection and audit by the MFSA and FIAU found shortcomings in the…

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