comparemela.com

Latest Breaking News On - Auditor chris baldacchino - Page 1 : comparemela.com

Auditor facing money laundering charges granted bail

Auditor Chris Baldacchino, currently facing money laundering charges, was granted bail days after being remanded in custody upon his arraignment. Baldacchino is pleading not guilty to his involvement in the laundering of large amounts of money from alleged criminal activity by filtering them into the country’s commercial system through irregular means.  Last year, Chris Baldacchino and Associates was fined some €58,000 by the Financial Intelligence Analysis Unit for lax anti-money laundering controls that could have “possibly led the firm to be used and abused by money launderers to bypass checks that would otherwise have been carried out.” During Baldacchino’s arraignment, Inspector Omar Caruana told the court that the auditor was first arrested in November and had been interrogated a number of times pending police investigations which had started in April 2020.

© 2024 Vimarsana

vimarsana © 2020. All Rights Reserved.