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Pilatus Bank
Pilatus was a Maltese bank located in Ta' Xbiex. The bank created in 2013 and closed in 2018. History Pilatus Bank started its operations in January 2014. Its owner was Seyed Ali Sadr Hasheminejad, known as Ali Sadr. The bank came into the spotlight after reporter Daphne Caruana Galizia accused the bank of laundering funds from allegedly corrupt schemes on behalf of offshore companies and individuals. After an 18-month investigation by a magistrate in Malta, it was determined the claims were untrue. Ali Sadr was charged with violating US sanctions against Iran in the United States in March 2018. Found guilty at trial, the court decision was reversed in July 2020 with the charges being dropped. On 4 November 2018, the bank had their banking license revoked by the European Central Bank (ECB). Following the release of Ali Sadr in 2020, Pilatus is taking legal action through the European Court of Justice for the return of the banking license and for damages against the ECB. In ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Corporation
A corporation is an organization—usually a group of people or a company—authorized by the state to act as a single entity (a legal entity recognized by private and public law "born out of statute"; a legal person in legal context) and recognized as such in law for certain purposes. Early incorporated entities were established by charter (i.e. by an ''ad hoc'' act granted by a monarch or passed by a parliament or legislature). Most jurisdictions now allow the creation of new corporations through registration. Corporations come in many different types but are usually divided by the law of the jurisdiction where they are chartered based on two aspects: by whether they can issue stock, or by whether they are formed to make a profit. Depending on the number of owners, a corporation can be classified as ''aggregate'' (the subject of this article) or '' sole'' (a legal entity consisting of a single incorporated office occupied by a single natural person). One of the most att ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
European Court Of Justice
The European Court of Justice (ECJ, french: Cour de Justice européenne), formally just the Court of Justice, is the supreme court of the European Union in matters of European Union law. As a part of the Court of Justice of the European Union, it is tasked with interpreting EU law and ensuring its uniform application across all EU member states under Article 263 of the Treaty of the Functioning of the European Union (TFEU). The Court was established in 1952, and is based in Luxembourg. It is composed of one judge per member state – currently – although it normally hears cases in panels of three, five or fifteen judges. The Court has been led by president Koen Lenaerts since 2015. The ECJ is the highest court of the European Union in matters of Union law, but not national law. It is not possible to appeal against the decisions of national courts in the ECJ, but rather national courts refer questions of EU law to the ECJ. However, it is ultimately for the national court ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
2014 Establishments In Malta
Fourteen or 14 may refer to: * 14 (number), the natural number following 13 and preceding 15 * one of the years 14 BC, AD 14, 1914, 2014 Music * 14th (band), a British electronic music duo * ''14'' (David Garrett album), 2013 *''14'', an unreleased album by Charli XCX * "14" (song), 2007, from ''Courage'' by Paula Cole Other uses * ''Fourteen'' (film), a 2019 American film directed by Dan Sallitt * ''Fourteen'' (play), a 1919 play by Alice Gerstenberg * ''Fourteen'' (manga), a 1990 manga series by Kazuo Umezu * ''14'' (novel), a 2013 science fiction novel by Peter Clines * ''The 14'', a 1973 British drama film directed by David Hemmings * Fourteen, West Virginia, United States, an unincorporated community * Lot Fourteen, redevelopment site in Adelaide, South Australia, previously occupied by the Royal Adelaide Hospital * "The Fourteen", a nickname for NASA Astronaut Group 3 * Fourteen Words, a phrase used by white supremacists and Nazis See also * 1/4 (other) * Fo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banks Established In 2014
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the anc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banks Of Malta
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the an ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
International Consortium Of Investigative Journalists
The International Consortium of Investigative Journalists, Inc. (ICIJ), is an independent global network of 280 investigative journalists and over 140 media organizations spanning more than 100 countries. It is based in Washington, D.C. with personnel in Australia, France, Spain, Hungary, Serbia, Belgium and Ireland. The ICIJ was launched in 1997 by American journalist Charles Lewis as an initiative of the Center for Public Integrity, with the aim of exposing international crime and corruption. In 2017, it became a fully independent organization and was later granted 501(c)(3) nonprofit status. The Panama Papers were the result of a collaboration with the German newspaper ' and more than 100 other media partners, with journalists spending a year sifting through 11.5 million leaked files from the Panama-based law firm Mossack Fonseca. It culminated in a partial release on 3 April 2016, garnering global media attention. The set of confidential financial and legal documents inc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
List Of Banks In Malta
Central bank *Central Bank of Maltabr> Commercial banks * Akbank, Akbank T.A.S.br>* APS Bank, APS Bank Limited* Banif Financial Group, Banif Bank (Malta) plcbr>* Bank of Valletta, Bank of Valletta plcbr>* BAWAG P.S.K., BAWAG Malta Bank Limitedbr>* Commonwealth Bank, CommBank Europe Limitedbr>* Credorax Bank, Credorax Bank (Malta) Limitedbr>* Deutsche Bank, Deutsche Bank (Malta) Limitedbr>* Erste Group, Erste Bank (Malta) Limitedbr>*FCM Bank Limitedbr>* FIMBank * Fortis Bank Malta Limitedbr>* HSBC Bank Malta, HSBC Bank Malta plcbr>* IIG Capital LLC, IIG Bank (Malta) Limitedbr>* ICBC Malta, ICBC Bank Malta Limitedbr>* Investkredit International Bank plcbr>*Izola Bank plcbr>* Lombard Bank, Lombard Bank Malta plcbr>*MeDirect Bank Maltabr>(formerly Mediterranean Bank) * NBG Bank Malta Limitedbr>* Novum Bank Limitedbr>* Pilatus Bank, Pilatus Bank Ltd.br>* Raiffeisen Zentralbank, Raiffeisen Malta plcbr>* Satabankbr>* Sparkasse Schwaz, Sparkasse Bank Malta plcbr>* Garanti Bank, Turkiye Ga ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Intelligence Analysis Unit
The Financial Intelligence Analysis Unit (FIAU) is the national central agency in Malta responsible for receiving, analyzing, and disseminating financial intelligence to combat money laundering and terrorism financing. It was founded on October 1, 2002. Powers and functions The FIAU collects financial intelligence and passes it on to the police, who can then carry out criminal investigations or arrest/prosecute any person. The FIAU also exchanges information with foreign financial intelligence agencies and supervisory authorities in Malta or overseas to investigate suspicious financial activities. As an administrative intelligence agency, FIAU can demand and collect information from any individual, authority, or entity, including the police, government ministry, public department/agency, and any supervisory authority. Such a demand for information "overrides any obligation of secrecy or confidentiality under any other law." FIAU operates independently and its activities are not d ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Malta Financial Services Authority
The Malta Financial Services Authority (MFSA) is a Financial regulation, financial regulator of Malta. The MFSA was founded in 2002 when it assumed the responsibilities of the Central Bank of Malta, the Malta Stock Exchange, and the Malta Financial Services Centre. It regulates banking, investment, insurance, finance, financial, pension companies and securities markets in Malta. Powers The MFSA has the powers to regulate, monitor, and supervise the financial sector of Malta, protecting the interests of the consumers and promoting the market transparency and efficiency. It has the powers to review business practices, advise the government on policies, and to investigate potential harmful and unfair practices in the financial industry. International relations The MFSA is a member of the European Banking Authority, the European Insurance and Occupational Pensions Authority, the European Securities and Markets Authority, the International Organization of Securities Commissions, and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
European Central Bank
The European Central Bank (ECB) is the prime component of the monetary Eurosystem and the European System of Central Banks (ESCB) as well as one of seven institutions of the European Union. It is one of the world's Big Four (banking)#International use, most important central banks. The Governing Council of the European Central Bank, ECB Governing Council makes the projects for the monetary policy for the European Union with suggestions and recommendations and to the Eurozone with more direct applications of such policies, it also administers the foreign exchange reserves of EU member states in the Eurozone, engages in foreign exchange operations, and defines the intermediate monetary aims and objectives, and also the common interest rates for the EU. The Executive Board of the European Central Bank, ECB Executive Board makes policies and decisions of the Governing Council, and may give direction to the national central banks, especially when doing so for the Eurozone central ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ta' Xbiex, Malta
Ta' Xbiex () is a locality and Local Council in the Central Region of Malta with a population of 2148 (estimated 2019) It is part of a small headland within the Marsamxett Harbour, right between the villages of Msida and Gżira. Etymology It is said that the name Ta' Xbiex originates from it exact geographical location as it faces the rising sun. The Maltese word '''Tbexbex''' is descriptive of the sun as it rises. Others say its name might originate from word Xbiek''' meaning fishing nets as would seem appropriate from its inhabitants being able to sail and fish freely from its shores. Indeed, its coat of arms depicts a ship's wheel further confirming its connection with the sea. Important Buildings Many of the beautiful houses in Ta’ Xbiex house a number of foreign embassies. The Whitehall Mansions has is a prestigious address, and an example of unique Maltese architecture. The building presently houses, amongst others, embassies of Egypt, Italy, Netherlands, Spain, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banking License
A banking licence is a legal prerequisite for a financial institution that wants to carry on a banking business. Under the laws of most jurisdictions, a business is not permitted to carry words like a ''bank'', ''insurance'', ''national'' in their name, unless it holds a corresponding licence. Depending to their banking regulations, jurisdictions may offer different types of banking licences, such as * full banking licenses for general banking activities, such as taking deposits from the general public * international banking licences (offshore banking licences), which prohibits any local business activities * non-banking financial institution (NBFI) is an institution that provides financial services but has to comply with fewer regulations than one with a full banking licence. License issuance Licenses are typically issued by a national banking regulator to applicant corporations that meet its banking requirements. The requirements may include minimum capital requirements, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
