Trive fined €133,148 in Malta after CDD failures on 6,000 acquired customers

Onboarding 6,000 customers from another, overseas financial institution did not prompt Trive Financial Services Malta Limited (formerly AKFX Financial Services Limited) to check on the quality of due diligence performed by the transferor: in the event, the Malta Financial Intelligence Analysis Unit (FIAU) found none had been.

Onboarding 6,000 customers from another, overseas financial institution did not prompt Trive Financial Services Malta Limited (formerly AKFX Financial Services Limited) to check on the quality of due diligence performed by the transferor: in the event, the Malta Financial Intelligence Analysis Unit (FIAU) found none had been.