TMIS Editorial: How regulatory times have changed, we need to move with them

The Deiulemar-Bank of Valletta debacle is a prime case in point as to why the country as a whole, and not just one particular bank or another, needs to clean up its financial services act.

That sordid case saw some €360 million in the bank’s asset frozen after it opened a trust for the owners of a shipping line who were, in actual fact, simply asset-stripping the company and sending the proceeds off to Malta and other secret locations.

And while the bank had accepted the business back in 2009, its top brass said on Friday that today Know

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