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Finance Minister Clyde Caruana said on Tuesday he was “aware” of a police investigation into the conduct of former Malta Gaming Authority CEO Heathc ....
Former Malta Gaming Authority CEO Heathcliff Farrugia colluded with murder suspect Yorgen Fenech to try to prevent the publication of findings of an inspection revealing weak anti-money laundering controls at the Tumas Gaming casinos. The two casinos, which were at the time run by Fenech as Tumas Gaming’s CEO, were the subject of a joint compliance inspection by the FIAU and MGA in 2018 to ensure their adherence with laws designed to prevent money laundering. Inspectors found several breaches of these laws, including a “complete failure” to establish the source of funds and wealth of the casino customers. The findings also highlighted how the money-laundering reporting officer at the casinos struggled to prove his knowledge of the relevant anti-money laundering laws. ....