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AML, Financial Services

Maltese company N Trust is fined €94K by FIAU over AML concerns when incorporating new companies

By Alisha Houlihan for AMLi

The Maltese Financial Intelligence Analysis Unit (FIAU) has fined N Trust €94K after discovering a suspicious investment setup. 

N Trust provided services to seven client files reviewed by the FIAU and allegedly failed to monitor business relationships or the source of wealth of its clients.

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