A LONG EIGHT YEARS LATER, A CORRUPT MALTA STILL HAS NOT PURSUED THE BAD ACTORS AT PILATUS BANK, LEAVING €130m OF DEPOSITOR MONEY IN LIMBO

A legal sore that fails to heal, leaving former clients' millions frozen indefinitely, in a country where justice is trumped by corruption, and the guilty go free to go about about their business. Depositors at the long closed money laundering and Iranian-owned PILATUS BANK pine for their lost deposits, as Malta's archaic criminal justice laws, which protect only the country's financial criminals, pretend to administer justice, while it eludes those foolish enough to place their money in a dodgy bank that came into existence under suspicious circumstances. The country's Compilation of Evidence procedures are nothing more than a legal obscenity.

Eight years the case has languished in legal limbo; nobody will ever be charged, and so long as it remain pending, the deposits cannot be released. To make matters worse, the primary offender's criminal case, brought in the United States, was dismissed by Federal prosecutors in New York for alleged government misconduct, which may very well have been an intentionally staged action, to cover up a covert deal with the defendant, denying any accountability by its Iranian ownership, which facilitated its crimes through the ever-present use of Caribbean economic (CBI) passports.

Personally, legitimate investors who plan to move funds into Malta have only themselves to blame when things go south; compliance officers should just blacklist the entire country, as it continues to operate as the European Union's sole racketeering enterprise masquerading as a sovereign member state. Perhaps the eventual rise in sea levels will solve the EU's biggest money laundering open wound.