Pilatus Bank
Pilatus was a Maltese bank located in Ta' Xbiex.History
Pilatus Bank started its operations in January 2014. Its owner was Seyed Ali Sadr Hashemi nejad, known as Ali Sadr. The bank came into the spotlight after reporter Daphne Caruana Galizia accused the bank of laundering funds from allegedly corrupt schemes on behalf of offshore companies and individuals. After an 18 month investigation by a magistrate in Malta, it was determined the claims were untrue.
Ali Sadr was charged with violating US sanctions against Iran in the United States in March of 2018. The charges were dropped by US government two years later.
On 4 November 2018, the bank had their banking license revoked by the European Central Bank.
