Comments on: Bank of Valletta fined for not determining source of “substantial cash deposit”

By: Nixcee

Nixcee — Mon, 12 Dec 2016 09:50:00 +0000

$20,000 ? Is that all ? It is still worth it to accept laundered money. How many millions are left in profits after paying the fine?

By: missawt

missawt — Mon, 12 Dec 2016 09:39:00 +0000

In reply to rcamilleri. How big was the cash deposit made by that client ? If it were one million, the fine would be just 2%, no ? Wert it

By: Daphne Caruana Galizia

Daphne Caruana Galizia — Sun, 11 Dec 2016 22:44:00 +0000

Never? He’s democratically elected, not a dictator.

By: Daphne Caruana Galizia

Daphne Caruana Galizia — Sun, 11 Dec 2016 22:39:00 +0000

In reply to Major Tom.

“Can someone interview Manfred Galdes?”

You know, just like that. Honestly.

By: Joseph Cauchi Senior

Joseph Cauchi Senior — Sun, 11 Dec 2016 22:38:00 +0000

Should the shareholders know what happened exactly and whether the bank was trying to protect someone?

By: rcamilleri

rcamilleri — Sun, 11 Dec 2016 21:45:00 +0000

What’s the point of just fining the bank? Is this the price that a bank and potential money launderers pay and just get away with it?

By: Major Tom

Major Tom — Sun, 11 Dec 2016 21:39:00 +0000

I seriously hope so since that would be the least damaging scenario.

Can someone interview Manfred Galdes? He must have seen more than most think. I doubt his resignation was triggered just by the Panama secret companies scandal.

This country needs some whistleblowing and there must be plenty of potential whistleblowers with all that has, is and must be going on.

By: Leli

Leli — Sun, 11 Dec 2016 15:25:00 +0000

Shady deals need a friendly banker.