Let’s also not forget the recent statements by the Minister of Finance Edward Scicluna that the FIAU reports leaked to the press and given to the inquiring magistrates are some kind of fakes.

This is much more than an irresponsible statement with a possible intention of a desperate move to save the Prime Minister and his corrupt colleagues from the tightening noose around their necks.

The implications of this utterly irresponsible statement, more so coming from a Professor of Economics, will send vibes across the international financial and compliance world, that our regulator is an incubation centre for fake compliance with the result that our Institutions, financial and otherwise are not to be trusted and relied upon.

This comes also as a follow up to the irresponsible statement that the Prime Minister had made that ” he had saved our banks”. This statement had also been taken lying down by the same Professor Minister of Finance.

On an unrelated matter, did Robert Abela just get appointed legal advisor to the government? How does that work exactly when that’s one of the Attorney-General’s constitutional roles?

The circular does not give reasons. It just states the fact that the accounts have been closed.