EU Tells Malta to Step Up Crackdown on Money Laundering by Banks

Nov 08 2018, 1:40 PMNov 08 2018, 1:55 PMNovember 08 2018, 1:40 PMNovember 08 2018, 1:55 PM

(Bloomberg) -- The European Commission ordered Malta to step up its efforts to combat money laundering, after the European Central Bank revoked the license of a Maltese bank under investigation for suspected involvement in illicit money flows.