Pilatus Bank

Pilatus was a Maltese bank located in Ta' Xbiex.[1]

Pilatus Bank
Corporation
Founded2014
Defunct2018
HeadquartersTa' Xbiex, Malta
Key people
Seyed Ali Sadr Hasheminejad, founder and CEO

History

Pilatus Bank started its operations in January 2014. Its owner was Seyed Ali Sadr Hashemi nejad, known as Ali Sadr. The bank came into the spotlight after reporter Daphne Caruana Galizia accused the bank of laundering funds from allegedly corrupt schemes on behalf of offshore companies and individuals.[2] After an 18 month investigation by a magistrate in Malta, it was determined the claims were untrue. [3]

Ali Sadr was charged with violating US sanctions against Iran in the United States in March of 2018.[4] The charges were dropped by US government two years later.[5] On 4 November 2018, the bank had their banking license revoked by the European Central Bank (ECB).[6]

gollark: The past is mostly not very good and it wouldn't be very nice living there. Unless you're time-travelling and can just go for a bit and/or bring back knowledge from the future (present?).
gollark: Plus, life extension research is an actual thing now so hopefully some of us may actually live long enough for space exploration at some scale.
gollark: Oh, and much faster.
gollark: > Born too late to explore the world / Born too early to explore the starsIt's not like being on some sort of ship voyage to a faraway place which you stand a decent chance of not coming back from would be very nice. Nowadays you can travel basically most of the planet very cheaply and with low risk, and find stuff which is new *to you* if not to everyone.
gollark: The whatnow?

See also

References
  1. Micallef, Keith (25 March 2020). "PilatusBank was a 'money transfer operation'". Times of Malta. Retrieved 25 March 2020.
  2. Vella, Matthew (23 September 2019). "MFSA-FIAU joint investigation in Pilatus Bank completed and handed to police". Malta Today. Retrieved 25 December 2019.
  3. Vella, Matthew (17 December 2019). "Egrant magisterial inquiry". Malta Today.
  4. Raymond, Nate (20 March 2018). "U.S. arrests Iranian over alleged sanctions evasion scheme". Reuters. Retrieved 20 March 2018.
  5. Johnson, Carrie (12 June 2020). "Prosecutors move to drop their own case after evidence issue". NPR.
  6. "Malta's Pilatus Bank has European licence withdrawn". The Guardian. 5 November 2018. Retrieved 5 November 2018.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.