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Maltese Financial Services Authority revokes investment firm Portmann Capital’s licence over AML violations

By Alisha Houlihan for AMLi

The Malta Financial Services Authority (MFSA) has revoked the licence from an investment firm based in Sliema, for allegedly using Venezuelan elites to launder millions in state funds.

 
According to The Malta Times, the financial watchdog cancelled the company licence of Portmann Capital, believed to have allegedly laundered €500M in 2014 and 2015. 

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