pilatus bank

  • Pilatus Bank Shut Down By European Central Bank

    The European Central Bank withdrew the banking licence of Pilatus Bank in Malta, the country’s financial authority reported on Monday. The bank is at the heart of several investigations including money laundering and fraud.

  • UK Branch of Pilatus Bank Closed Down

    Pilatus Bank closed down its UK branch after investigative journalists revealed that dozens of companies owned by Azerbaijan’s ruling elite had moved millions of euros through the bank.

  • Pilatus: A Private Bank for Azerbaijan’s Ruling Elite

    Over the last three years, two top families in Azerbaijan’s ruling elite used dozens of secret accounts in Malta’s private Pilatus Bank to transfer cash into Europe and funnel millions of dollars into investments in luxury property, hotels, and businesses.

    The flag of Pilatus Bank flies from its offices in Whitehall Mansions in Ta’ Xbiex, Malta. Photo (c): REUTERS/Darrin Zammit LupiThe flag of Pilatus Bank flies from its offices in Whitehall Mansions in Ta’ Xbiex, Malta. Photo (c): REUTERS/Darrin Zammit Lupi

  • US: Iranian Charged with Violating Sanctions, Laundering $115 Million

    United States authorities arrested an Iranian suspected of having funneled US$ 115 million through U.S. banks, concealing the role of his country in the transfers and this way violating U.S. sanctions against Iran.

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