HSBC fined €82,966 in Malta for CDD and monitoring breaches

The Maltese Financial Intelligence Analysis Unit (FIAU), on 28 November issued a penalty notice against HSBC Bank Malta plc for breaches of the Prevention of Money Laundering & Financing of Terrorism Regulations (PMLFTR).

The Maltese Financial Intelligence Analysis Unit (FIAU), on 28 November [2022], issued a penalty notice [1] against HSBC Bank Malta plc for breaches of the Prevention of Money Laundering & Financing of Terrorism Regulations (PMLFTR).