Kenneth Rijock

Kenneth Rijock

Friday, December 25, 2020

MALTA'S CRIMINAL JUSTICE SYSTEM GETS AN "F" FOR FAILING TO CHARGE PILATUS BANK OFFICERS AND DIRECTORS WITH MONEY LAUNDERING

Neither lawyers nor their clients have an ounce of respect for Malta's  failed criminal justice system. One attorney even had the temerity to complain that a news article, appearing in the Maltese press, which was the reporting about his Iranian client, as a Pilatus Bank signatory, "does not contribute to the public interest  and has caused distress to [our] client. " 

This individual, who is surely a Person of Interest in any Pilatus Bank money laundering investigation, obviously does not fear Malta's criminal justice system. Of course not, not one bloody officer or director of Pilatus Bank will ever do a day of prison time for the most overt money laundering operation in the history of the Republic of Malta, because the system is rotten to the core with systemic corruption.

Inasmuch as Malta will not mete out justice to its money launderers, which emboldens not only the country's criminal elite, but every senior member of the government currently in power, perhaps the United States should consider more Draconian measures. I suggest:

(1) Impose OFAC sanctions on all the country's banks that facilitate money laundering, which are most of them. Clearly, de-risking is insufficient, as the banks will simply work through third-party banks.

(2) Deny ALL the senior officials in the government entry to, and financial assess at, the United States. That includes the corrupt judiciary. Sanction the judges as well.

Malta needs radical reform, including the creation of an independent, non-political judiciary. If it will not self-reform, then impose sufficient measures to eliminate it as a threat to the United States financial system.

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