David Casa presents ‘more evidence’ on Pilatus Bank to European Central Bank

Nationalist MEP David Casa has presented “more evidence on Pilatus Bank” to the European Central Bank, a statement by his political group EPP said yesterday.

“I have been given further evidence which I was asked to pass on to the European Central Bank,” Casa said.

“The conclusion that I draw from this information goes beyond Pilatus Bank merely flouting Anti-Money Laundering codes. The bank appears to have been conceived from the very start as an organisation designed to launder money, with banking staff instructed to fabricate paper trails justifying suspicious transactions after they have been carried out,” he said.

He also drew the attention of ECB supervisory Board to the recent report published by the adhoc European Parliament Delegation to Malta.

The report has been sent to both the President of the European Central Bank, Mario Draghi as well as to Andrea Enria, the Chairperson of the European Banking Authority by MEP Ana Gomes in her capacity as chairperson of the ad-hoc European Parliament fact-finding mission to Malta.

“My call for ECB intervention in the case of Pilatus Bank is now a position shared by representatives of all political groups in the European Parliament. The factfinding mission report calls for the ECB to intervene to assess how Pilatus Bank has been allowed to continue to hold a licence to provide services in the European Union and to assess the possibility to intervene to seek the revocation of that licence.

“In fact both the European Parliament resolution of 15 November 2017 on the rule of law in Malta and the subsequent report of the fact-finding mission to Malta published on 11 January 2018, show that this is a deep and justified concern shared by all political groups within the European Parliament,” Casa said.