Maltese notary fined €62,000 for breaches of anti-money laundering regulations - AML Intelligence
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Maltese notary fined €62,000 for breaches of anti-money laundering regulations

Malta

By Elizabeth Hearst for AMLi

A Maltese notary has been fined €62,000 for a series of breaches of money laundering regulations by the country’s Financial Intelligence Analysis Unit (FIAU). 

Dr. Roderick Caruana was fined after it emerged he could not identify the ultimate beneficial owners of certain financial structures he was involved with. 

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