€30,000 FIAU fine for Baltimore confirmed on appeal
A Maltese financial services provider has had a €30,000 fine for regulatory breaches confirmed on appeal after an inquiry found evidence of money laundering
19 February 2021, 7:31am
by Matthew Agius
A Maltese financial services provider that was at the heart of a government inquiry after a police investigation into its clients and money laundering was halted, has had a €30,000 fine for regulatory breaches confirmed on appeal.
The CapitalOne inquiry was launched after MaltaToday revealed that in January 2013 – right at the start of the general election campaign that year – police did not investigate leads on alleged money laundering through the company CapitalOne Investment, whose ownership was held in Malta by Baltimore Fiduciary as nominee.