Wednesday, September 23, 2020

MALTA'S REGULATOR SUSPENDS CBI LICENSE OF BT

Malta's regulator of its Citizenship by Investment (CBI) passport sales program, known as the Individual Investor Programme Agency, has suspended the license of BT INTERNATIONAL LIMITED, d/b/a NEXIA BT until further notice. BT purchased Panamanian shell companies for Maltese PEPs, and was exposed in the "Panama Papers."  The company's partners, BRIAN TONNA and KARL CINI, were taken into custody in Malta in the KEITH SCHEMBRI money laundering investigation, and there is no indication that they have bonded out, or been released. Under local law, they must be charged with a crime within 48 hours or released.

Here is a screenshot of the Notice.

 


 

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