Malta's Pilatus Bank has European licence withdrawn
by Hilary Osborne from on (#42A0V)
Bank had been accused by murdered journalist Daphne Caruana Galizia of processing corrupt payments
A Maltese bank at the heart of a money-laundering investigation has had its licence withdrawn by the European Central Bank.
Pilatus Bank, which opened four years ago, was officially closed down several months after its Iranian chairman and owner, Ali Sadr Hasheminejad, was charged in the US in connection with money-laundering and fraud.
Related: "Bank criticised by Daphne Caruana Galizia under scrutiny in Brussels
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