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Pilatus Bank – A Never-Ending Maltese Money-Laundering Case!
The Maltese Pilatus Bank was at the center of a huge European money-laundering case. It was launched in 2014 by, Seyed Ali Sadr Hasheminejad a/k/a Ali Sadr. The European Central Bank shut the bank down in 2018 after Ali Sadr was arrested by the FBI on charges of breaching sanctions against Iran. Sadr was indicted in the U.S., but finally, the charges were dropped. However, the money-laundering charges in Malta continue. It seems to be a highly political and controversial case!