READ THE $30M BANK HAPOALIM NON-PROSECUTION AGREEMENT FOR ITS FIFA BRIBERY ROLE

The bank and the US Government reached a solution which avoided an indictment for money laundering conspiracy, regarding its role in the FIFA bribery scandal.

Read the NPA, which includes a comprehensive (and damning) Statement of Facts here.

ROGER STONE APPEALS HIS CONVICTION

Stone's attorney has filed a Notice of Appeal. He is still out on bond, the BOP has not yet designated a prison and reportig date.

FIFTIETH ANNIVERSARY - US INVADES CAMBODIAN SANCTUARIES -1970

The Fishhook, the Parrot's Beak, the Dog's Head, and the Angel's Wing. If you know where these places are, you may remember that, exactly fifty years ago, the US Army invaded Cambodia, to find and destroy the North Vietnamese headquarters. President Nixon halted the advance before it could reach the COSVN HQ, due to anger from the American public over the act.

May all those who died in Cambodia in those battles rest in peace.

HAVE YOU SEEN THESE FORMER 1MDB STAFF ?

COURT WILL NOW ADDRESS NG LAP SENG'S COMPASSIONATE RELEASE MOTION

Below is the latest order in Ng Lap Seng's quest to get out of prison. Note that his Petition for a Writ of Certiorari to the US Supreme Court has been filed and is pending.

FUNDING TO FORM MALTA'S PILATUS BANK CAME FROM ZANJANI/MONFARED CREW THAT STOLE $2.2bn FROM IRAN SANCTIONS EVASION PROCEEDS

Mehdi Shams

It appears that the seed money to organize and finance the Pilatus Bank of Malta, which was run by Ali Sadr Hasheminenejad, came from the earlier-formed UK holding company, PILATUS CAPITAL LIMITED, which originally was known as SIRIUS TRADE FINANCE LTD, and was formed by MEHDI SHAMSZADEH. Mehdi, the former director of IRISL, the OFAC-sanctioned Islamic Republic of Iran Shiping Lines. has an interesting background; Read on.

Shamszadeh, who reportedly paid the £5m fee to obtain his fast-track UK residency, then Anglicized his name to Shams, and moved to London, formed Sirius, and then brought in Ali Sadr and the Pilatus CEO HAMID REZA GHANBARI, another Dominica CBI passport holder, to Pilatus Capital. He is believed to have effectively fronted for Ali Sadr. He was an integral part of the crew of notorious Iranian fraudsters who diverted billions from the proceeds of Iran oil sanctions evasion profits taken in by their group, and was later given a Sentence of Death by an Iranian court, together with BABAK ZANJANI, his co-defendant, on the fatal charge of Corruption on Earth, for their crimes. Unless he and Zanjani, or one of the players living outside Iran, with financial access, refund the stolen $2.2bn to the Islamic Republic, their death sentences will not be commuted to Life Imprisonment.

Babak Zanjani

His crew, which included ALI REZA MONFARED, also in custody in Iran, and sentenced to twenty years, also included another Shams co-defendant, HAMID FALLAH HERAVI, and REZA ZARREB, who was indicted in Federal Court, and is currently cooperating with the authorities in New York. The players reportedly secreted their illicit profits in several jurisdictions, including Turkey.

How on earth, given the dark origins of Pilatus, and its capital, did bank charter approval issue in a record thirty days ? We cannot say, but substantial bribes & kickbacks would have bee paid in advance to grease the application through. We would like to see law enforcement and regulators in Malta track and trace back the Pilatus start-up costs and fees back to Monfared, Zanjani and Zarrab.

Reza Zarrab a/k/a/ Resa Sarraf

DERIPASKA FILES AMENDED COMPLAINT IN SUIT AGAINST US TREASURY

If you have been following Deripaska vs. US Treasury et al, (19-cv-00727-APM (D.D.C.) please note that the plaintiff has filed a Second Amended Complaint. You may read the 51-page document here.

BUREAU OF PRISONS DENIES NG LAP SENG COMPASSIONATE RELEASE, SAYS HE DOES NOT QUALIFY

The Federal Bureau of Prisons, which has custody of convicted Chinese billionaire (and Dominica diplomatic passport holder) Ng Lap Seng, now serving a four-year prison sentence for FCPA ( bribery) violations, has denied the inmate Compassionate Release. The BOP letter to defense counsel states that Seng fails to qualify under the program requirements, and cites the relevant provisions in support of its decision. The letter appears below.

 The Court is now free to consider his motion, and it has noted this in an Order.

SALMAN RAOUL SALMAN - RECHERCHE - HEZBOLLAH

FLORIAN HOMM, WANTED BY THE FBI FOR SECURITIES FRAUD

FLORIAN HOMM remains a fugitive from justice in the United States. Italy declined to extradite him; he currently resides in Germany.

PRICE GOUGING AND LINKED CORRUPTION IN ST KITTS DUE TO STATE OF EMERGENCY

The population of St Kitts, under the prolonged six-month extension of the State of Emergency, pursuant to the National Disaster Management Act, which includes 24-hour curfew restrictions in the middle of each week, is suffering a denial of their fundamental human rights, including freedom of speech, and personal freedom. Though the Unity Government's authority expired on February 16, it is reportedly using the COVID-19 lockdown to exert strict control over the public, in a manner certainly not intended by the drafters of the Act. Human rights violations are said to abound in the country, under the guise of disease control measures.

Residents are unable to afford basic food and sanitary items, due to reported widespread price gouging. In some cases, the cost of necessities have doubled, without any government control or restrictions. Allegations of collusion between wholesalers and Prime Minister Timothy Harris are being openly expressed. Harris is allegedly receiving campaign financial support from the largest wholesale merchants,  who are openly assisting his Team Unity in the upcoming 2020 General Election campaign.

To date, the international community has ignored the political situation, in which excessive control posing as emergency management has reined in any voices of protest or complaint, including the local business community, which has been devastated by total government restrictions upon operation, even those essential businesses which openly operate in other countries.

READER CHECKS OUT ADDRESS OF SANCTIONED COMPANY IN MALTA, FINDS OTHER IRANIAN-CONTROLLED ENTITIES NOT SANCTIONED

Our recent article on the Pilatus Bank scandal showed that the Pilatus "branch" address in Mayfair, London, UK, was shared by 101 other companies, and was therefore just a mail drop, not an actual brick-and-mortar bank. we are pleased to report that one of our readers, taking inspiration from that story, made similar inquiries at an address in Malta, which is used by a sanctioned Iranian-controlled entity. He found additional Iranian-controlled entities, with the same directors, also sanctioned by OFAC, as well as others NOT SANCTIONED.

We take our hat off to Andreas H, from Norway, for being proactive. His chart appears below.

RECHERCHE $5m - HAMAS ET HEZBOLLAH

CONVICTED DOMINICA "DIPLOMAT" NG LAP SENG CONTINUES TO PUSH FOR RELEASE TO HOME CONFINEMENT

Ng Lap Seng, the Chinese billionaire "diplomat" (Dominica diplomatic passport purchaser) currently serving a four-year sentence for bribing United Nations diplomats to approve annual UN use of his conference center in Macao, continues to seek early release to home confinement (house arrest). His attorneys last week sent a letter to the sentencing judge, asserting that the Exhaustion of Remedies issue he faced is now moot. Obviously, Ng is desperate to leave prison.

The Warden where he is incarcerated failed to respond with the statutory 30 day period, and Ng's counsel is arguing that his client should now receive proper consideration for his motion. he has only served less than a year of his sentence. See our prior articles on this defendant for more details.

DID POLYGAMOUS MORMON CRIME FAMILY MOVE MONEY THROUGH TURKISH BANKS IN MALTA ?

                                                     

The national flags of Malta and Turkey

In our recent article, Which Banks in Malta Laundered for the Billion Dollar American Biofuel Fraudsters (April 25, 2020), we asked which banks were most likely involved in moving the reputed $3bn dollars through Malta, en route to the world's tax havens. The transfers, which were made to fool the Internal Revenue Service into approving a payment of $551m to the fraudsters, required cooperating (don't ask don't tell) financial institutions.

The crew involved in this scheme to defraud the IRS included a notorious Mormon crime organization, the Kingston Family, whose members believe that their particular religious sect supports polygamy. The Kingstons have a long history of association with Turkish organized crime, including wire transfers of $130m to Turkey, and a financial interest in the distressed private jet airline, Borajet, through their California partner in crime, Lev Dermen, in a transaction reportedly involving Turkish President Recep Tayyip Erdogan, at the United Nations General Assembly Annual Opening.

For those readers who doubt the influence of the Kingston Family in Turkey, there are photographs, taken in Turkey, with the Kingston brothers, Jacob and Isaiah, and Erdogan. Jacob Kingston, according to media reports, owns a hotel and mansion in Bodrum, Turkey allegedly worth $650m. One of Jacob's associates in Turkey, Named Korkmaz, was said to have been investigated by the Special Counsel, Robert Mueller, in the Russia Impeachment Probe.

Back to Malta, which boasts no less than three branches of major Turkish banks,; given the Kingston's close association with Turkey, its organized crime families, and investments and wire transfers there, the fact that the US Attorney in Utah publicly acknowledged the assistance of Malta law enforcement raises the strong presumption that at least some of the biofuel fraud wires went through Turkey's banks in Malta. When evidence of these transactions become publicly available, we shall promptly follow up with that information on this blog.  

IRAN SAYS OFAC BLOCKED "IRAN," OFFICIAL DAILY NEWSPAPER WEBSITE

Government media sources in Iran are complaining that the Office of Foreign Assets Control (OFAC) is blocking the website of "Iran," the official daily newspaper of the Government of Iran (iran-newspaper.com). This action reportedly started a few days ago.

what you see if you attempt to access iran-newspaper.com

"Iran" is owned and operated by the Islamic Republic News Agency, which reportedly moved to irannewspaper.ir, and we note that this site is now functional in Farsi. The original domain name was allegedly seized by the US Treasury, according to a press release from the Foreign Ministry of Iran.   

SAIF AL-ADEL - WANTED FOR US EMBASSY BOMBINGS - AQ MEMBER

WHICH BANKS IN MALTA LAUNDERED FOR THE BILLION DOLLAR AMERICAN BIOFUEL FRAUDSTERS ?

Million dollar Bugatti Veyron, Gold Ferrari, Chrome Lamborghini

An obscure footnote in the announcement concerning the recent guilty jury verdict in the multi-billion dollar Federal renewable fuel tax fraud has drawn attention to financial institutions in the Republic of Malta, regarding global efforts to launder $511m paid to the fraudsters in the United States, by the Internal Revenue Service. The US Attorney who obtained the conviction cryptically thanked law enforcement in Luxembourg and Malta for their contributions to the investigation,  fueling (no pun intended) intense speculation regarding which banks in those two countries were involved.

The players, an unlikely duo composed of an Armenian-American with a long record of scrapes with the law, and the Kingston family,  polygamous Mormon businessmen from Utah, conspired together to build a totally bogus record of manufacturing, and selling, biofuel, made from discarded animal fats, which result in large IRS tax credits. The result of their imaginative and complex fraud was the payment of $511m from the Internal Revenue Service. The Kingston family pled out; Lev Dermen was found guilty.

The scheme was uncovered by law enforcement. The US Attorney for the District of Utah, John Huber, aptly stated:

        These guilty verdicts show that no amount of bank accounts, shell companies,
        burner phones, or transfers of millions of dollars to foreign countries, will stop
        the Department of Justice, the US Attorney's Office, and our law enforcement
        partners from tracking down money stolen from the government, and holding
        criminals responsible for their wrongdoing.

The principal defendants are looking at Federal prison terms of 20 and 30 years, respectively.

Now, how does Malta figure into the case ? Three billion dollars in purported sales proceeds were moved around the world's tax havens by the defendants, or on their orders, to give the false impression of huge biofuel sales. While we do not yet know which Maltes banks were involved, let us bring up these possible candidates:

(1) SATABANK ?: The Bulgarian owner of this closed Maltese bank was formerly involved in e-commerce in Luxembourg. Was Satabank engaged in moving the biofuel money from one tax haven bank to another, including through Luxembourg and Malta ?

(2) PILATUS BANK ?: Ali Sadr Hasheminejad, the now-convicted Iranian owner of the now defunct bank, is our second suspect. Pilatus has been linked to the facilitation of multiple money laundering operations.

(3) TURKISH BANKS IN MALTA ?: Three known Turkish banks operating in Malta have been mentioned as possible facilitators, but until documentary evidence from the criminal case is made publicly available, we cannot say which banks were involved in the laundering of biofuel "sales We trust, as more information becomes available, that we can identify the guilty party or parties.




     

AMERICAN CRYPTO-CURRENCY EXPERT ACCUSED OF AIDING NORTH KOREA WAS CONSIDERING A ST KITTS CBI PASSPORT

Readers who wanted to know which East Caribbean Citizenship by Investment (CBI/CIP) accused crypto criminal Virgil Griffith was interested in obtaining a passport from, and who guessed St Kitts & Nevis, they were correct. if you carefully review the transcript from the December 30, 2019 bail denial appeal hearing, it contains an extended discussion, by the Government's attorneys, about the defendant's intention to obtain a CBI passport, and flee abroad, using a St Kitts passport, to a jurisdiction where there is no extradition treaty with the United States. The evidence came from Twitter correspondence between the defendant and his parents.

The Government is rightly critical of St Kitts, where a number of American, as well as foreign, white collar criminals have acquired, for cash, CBI passports, prior to the issuance of arrest warrants by law enforcement. At present, we are aware of a number of Americans with criminal convictions residing in St Kitts, some with no intention of returning to the Continental United States.


The issue came up in connection with the subject of him becomng a Flight Risk, possibly fleeing the US to avoid prosecution for his crimes. Although the Government stated that St Kitts has currently an extradition treaty with America, the point its attorneys raised was that, armed with a St Kitts CBI passport, purchased online, he would be able to leave the US while out on bond, never to return to face justice. The defendant's familiarity with the "Dark Web," where illegal products and services are readily available to the cognoscenti, was conveyed to the District Judge in Open Court.

St Kitts & Nevis remains the CBI passport jurisdiction of preference for the world's white-collar criminal elite, with the Commonwealth Dominica a close second.

IBRAHIM AL-YACOUB, TERRORIST BOMBER WANTED FOR KHOBAR ATTACK

INDICTED AMERICAN CRYPTO-CURRENCY EXPERT SOUGHT TO RENOUNCE HIS US CITIZENSHIP AND ACQUIRE CBI PASSPORTS

Virgil Griffith, the indicted American programmer and self-styled cryptocurrency expert, told his parents, in a written communication disclosed by the US Attorney in New York, that he planned to renounce his American citizenship, acquire Citizenship by Investment (CBI) passports, and permanently relocate to North Korea, where he intended to conduct a sanctions evasion program. The CBI jurisdictions Griffith wanted passports from were not named by the authorities.

Griffith appeared and lectured at a cryptocurrency conference in North Korea, after he failed to obtain an OFAC license to attend. He was subsequently indicted in the Southern District of New York, for allegedly aiding DPRK authorities to evade international sanctions.

The Twitter communication described what is essentially a money laundering operation; Griffith  intended to transfer funds from South Korea, using cryptocurrency exclusively. This information, which the Government delivered in open court, in connection with a bond hearing, again links CBI passports with illegal cryptocurrency activity. We have previously reported upon the operations of crypto-criminals using Grenada's CBI program to obtain passports.

The case of Virgil Griffith has been delayed, due to the coronavirus pandemic. The conference between counsel and the Court has been rescheduled for May 18, 2020.

IS ALI SADR'S POSITION THAT THERE WERE BRADY VIOLATIONS AT HIS TRIAL BOGUS ?

While the attorneys for the convicted Iranian banker, Ali Sadr Hasheminejad, who obviously intend to try to set aside the guilty jury verdict and obtain a new trial on the grounds that there were Brady violations, a letter from the US Attorney's Office indicates that some of the evidence allegedly not timely produced may be exempt from disclosure under Discovery rules and decisions. Are they not discoverable ? The US Attorney and Department of Justice policies both say no.

 The footnote states that the Discovery consists of two 302s, FD-302, the report form used by the Federal Bureau of Investigation for summaries of interviews. Whether the Court agrees that they are not subject to discovery may be a central issue, as they are not verbatim statements of witnesses, to be precise. See United States vs. Collins, 409 F.Supp 3d 228 (SDNY 2019) for the most recent decision I could find on the issue.

IRANIAN HACKERS WANTED IN UNITED STATES

SOME EU COUNTRIES ARE REFUSING TO PAY STIMULUS MONEY TO COMPANIES REGISTERED IN TAX HAVENS

A number of EU Members are, as a matter of policy, refusing to grant any economic stimulus payments to companies incorporated in the world's Tax Havens. The rationale is that these companies have artfully evaded EU taxes, and therefore should not look to the nations where they operate to keep them afloat; they can use their tax savings for that purpose. We agree with this logic.

FFIEC UPDATES BSA/AML MANUAL - CHECK OUT RISK ASSESSMENT SECTION

If you routinely measure and assess risk, you may want to see the latest changes in the Federal Financial Institutions Examination Council BSA/ AML Examination Manual. The complete manual may be accessed here. See the section marked BSA/AML RISK ASSESSMENT.

OFAC IMPOSES $7m CIVIL PENALTY ON SWISS AVIATION IT FIRM SITA FOR USING US-BASED SERVERS

The Office of Foreign Assets Control, OFAC, has imposed a Civil Penalty, in the amount of $7,829,640, against the Swiss aviation services IT firm Societe´ Internationale de Télécommunications Aéronautiques. also known as SITA, for violations of SDGT sanctions imposed upon certain Iranian, Syrian and Iraqi airlines.

These airlines are;
MAHAN AIR
SYRIAN ARAB AIRLINES
CASPIAN AIR
MERAJ AIR
AL-NASER AIRLINES

SITA, which has no offices or contacts with the United States, provides commercial telecommunication and information technology services, and software, to five sanctioned Middle Eastern airlines, and these services utilize a server located in Atlanta, Georgia.

Readers who wish to review the Enforcement Information may access the complete text here.

CARLOS RAMOS CUBAN $1m MEDICARE FRAUDSTER

READ NG LAP SENG PETITION TO THE US SUPREME COURT

As we have previously reported here, Ng Lap Seng, the Chinese billionaire developer, whose possession of a Dominica diplomatic passport gave him entre into the hallowed halls of the United Nations, where he attempted to bribe his way into the organization's approval of a UN Conference Center he planned to build, lost his Federal criminal case, and an appeal to the Second Circuit.

Now Ng's counsel has filed a Petition for a writ of  Certiorari to the United States Supreme Court, asserting that the United Nations is not an "organization" within the meaning of the Federal Bribery Act. Readers who wish to review the 47-page Petition may access the complete text here.

ATTORNEYS FOR ALI SADR HASHEMINEJAD SEEK GROUNDS TO SET ASIDE VERDICT

The law firm representing the Iranian businessman Ali Sadr Hasheminejad, the owner of the closed Pilatus Bank of Malta, appears to be planning to move to set aside the jury verdict entered against their client, by alleging the Government committed Due Process Brady vs. Maryland violations. It is not known whether they will move for a New Trial, or to dismiss the case with prejudice, but such tactics are common when there is any chance of success, as the alternative, looking for reversible error on appeal, which is a high bar in most cases where the evidence at trial is strong.

Brady: the Government is required to disclose favorable evidence to criminal defendants. A criminal conviction must be overturned if there is a reasonable possibility that, had the exculpatory evidence been disclosed to the defense, the results of the proceeding would have been different. It must be evidence material to either guilt or punishment. Otherwise, the failure to disclose is merely Harmless Error.

Counsel asserts:

(1) That the complete testimony of Bahram Karimi, which was only made available post-trial, contains exculpatory information, meaning it tends to exonerate Ali Sadr.

(2) That the testimony of Victor Aular, the former CEO of PDVSA, also not made available prior to trial, contained information from a legal opinion of PDVSA counsel, attesting to the legal nature, of any payments made to, or for the benefit of, the defendants.

In response, the Government's position might include these arguments:

(A) Karimi's testimony also contained evidence that implicated Ali Sadr, and he as a co-defendant has serious credibility issues, due to his involvement in the conspiracy, desire to minimize his own culpability, and deference probably owed to his boss.

(B) How could Ali Sadr, a sophisticated international banker, rely upon a second-hand legal opinion, from attorneys not admitted to practice before US Courts, that the transactions were legal ? These are Venezuelan attorneys, working outside the US, and most likely also not educated in American law schools.

The defendant has the right to a Fair Trial. Should the Court deny a Motion to Dismiss, and a Motion for a New Trial, you can expect that the Brady issue will be the principal argument on the appeal.

Post-trial motions from the defense are now due on May 7, 2020.

EBONG TILONG - BLANCHIMENT D'ARGENT -CAMEROUNAIS

MALTA'S TOTAL LACK OF DUE DILIGENCE UPON KNOWN CROATIAN FRAUDSTER RESULTS IN VICTIMS IN BOTH GOVERNMENT AND PRIVATE SECTORS

White Flag planting ceremony

The White Flags in Malta scandal, which was allegedly to support a plastic-free marine environment on Malta's beaches, demonstrates that the government does absolutely nothing to vett an individual who arrived with a scheme that involved the donation of €200,000, and made promises that he failed to keep. The beaches were never cleaned by the project.

The Croatian fraudster, Kristijan Curavic, who charged €25,000 to sponsors, per beach, has not only been accused of fraud, he was a wanted man in his native Croatia at the time he kicked off the White Flag program in Malta. It seems that he bilked victims out of money for a "South Pole" project in Croatia, which was a total scam, and did not result in any action. A simple due diligence inquiry, by the Government of Malta, would have unmasked the fraudster Curavic. It is especially egregious that government finds were also donated, as well as from the private sector. We wonder whether anyone in the Cabinet received a bribe or kickback to support the fraud.

If Malta, whom we trust to conduct enhanced due diligence upon all its Individual Investor Program applicants, cannot even perform a basic due diligence check upon a foreign national who is seeking large donations from government for a private project, then how can we ever trust the supposed IIP due diligence it says it performs ? For this reason alone, ALL Malta IIP passports should be regarded s high-risk, when encountered by bankers, customs agents, or investors abroad.

OFAC RELEASES FACT SHEET DETAILING COVID-19 EXEMPTIONS FOR HUMANITARIAN ASSISTANCE TO SANCTIONED COUNTRIES

If your bank client informs you that it is shipping humanitarian goods to an OFAC-sanctioned jurisdiction, under the authority of an Exemption, Exception or Authorization, you can verify this claim using the newly-released OFAC Fact Sheet. It provides you with hyperlinks to all the publications you will need, regarding;
(1) Iran.
(2) Venezuela.
(3) North Korea.
(4) Syria.
(5) Cuba.


Find the annotated, profusely link-enabled, Fact Sheet here.  

WHY DID ACCUSED MONEY LAUNDERERS HAVE DESIGNER CLOTHES ?

Some of the cash seized in Amsterdam.

Police in Amsterdam,  on routine patrol in Amsterdam, the Netherlands, encountered two Dutch nationals in a parking garage in possession of a large amount of cash, as well as high-end designer clothes, wh could not explain either why they were in the garage in the middle of the workday, nor the origin legitimate origin of cash and designer clothing.

After further investigation uncovered additional unexplained cash at a residence of one of the detained individuals,  they were placed under arrest on charges of money laundering. What makes this case unique is the fact that the accused money launderers were holding expensive designer clothes. Top-end,  designer womens'  clothing, known as Haute Couture, is in global demand, and could be used in a placement-layering-integration money laundering scheme, as the industry does not require any compliance to detect money laundering, and relies upon an affluent international clientele who often wire payment from abroad to the designer houses in Paris or Milan. Imaginative money launderers could easily adapt Haute Couture, and perhaps even the Ready-to-Wear segment of the industry, to move the proceeds of crime through a money laundering pipeline, resulting in clean cash, appearing to be the legitimate profits from the retail womens' apparel business.

DOMINICA'S CONVICTED DIPLOMAT NG LAP SENG FILES CERT PETITION TO US SUPREME COURT

Having been convicted of bribery in United States District Court, and the verdict affirmed by the Second Circuit, Dominica's controversial ( read that corrupt) diplomat, the Chinese billionaire developer Ng Lap Seng has filed a Petition for a Writ of Certiorari to the US Supreme Court, the Court of Last Resort.

Given that the Court only grants Cert, which is discretionary, and not an appeal as a matter of right, Ng's attorneys are seeking to create issues of interest to the Court by asserting that his conviction violates existing Supreme Court decisions, and the law. A hint of what Ng's attorneys intend to argue can be found in their application for an extension of time to file a petition, which appears below.

In any event, the high court only accepts a very small percentage of Certiorari petitions filed, and unless it concludes that Ng's conviction could arguably have been an error at law , it will not accept the case.

AKI ATWA, LEBANESE HEZBOLLAH HIJACKER, WANTED FOR MURDER OF US MILITARY

WHY HASN'T MALTA CHARGED ANY OF SATABANK'S MONEY LAUNDERING BANKERS ?

Welcome to Malta, where a local bank can suffer an MFSA €3m fine for breaches of money laundering laws, but its officers, who committed the criminal acts, are never charged, making every other EU Member state doubt that Malta can be trusted to keep criminals out of the Schengen Zone.

The Satabank PLC scandal, a Bulgarian-owned MaltA-licensed bank that reportedly had 305 suspicious transactions of 601 customers,  in the amount of €130m, out of total deposits of €311m. Many Maltese lost their money, with little or no hope that it will ever be recovered.

AG Grech

Perhaps Malta's Attorney General, Peter Grech, will explain why none of these former senior officers have ever had a Bill of Indictment handed down against them for money laundering at Satabank:

(1) CHRISTO GEORGIEV, the owner and Director.
(2) MARIO GAUCI, the CEO.
(3) ANTHONY PARIS, Secretary.
(4) NEVILLE BONNICI, the COO.
(5) JEAN PAUL GRAVINA, the CFO
(6) CHRISTOPHE BOECKLE, the Chairman of the Board of Directors.

Given that there are tens of millions of Euros missing and presumed stolen from within, compliance officers at international banks located in the European Union may wish to check to see whether any of the above individuals currently maintains accounts at their bank. We'd also like details on the €30m Malta fuel smuggling profits washed through the bank. why aren't money launderers arrested in Malta,  is Malta the new Panama ?