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NEWS: Maltese ‘Digital bank’ fined months after director sanctioned by US

By Alisha Houlihan for AMLi

The Financial Intelligence Analysis Unit has fined a Maltese “digital bank” after sanctioning one of its directors for Russia links.

The FIAU announced the €279K fine for Papaya Limited’s anti-money laundering (AML) violations on June 1, two years after it visited the company, the Times of Malta reports.

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