NHK: Malta’s call for Justice

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2018-10-27T07:55:57+02:00Sat, 27th Oct '18, 07:55|

Japanese world service TV NHK covered the events of October 16th marking one year since the killing of Daphne Caruana Galizia in a feature broadcast worldwide two days ago. Here's a link to their report which includes an interview with Occupy Justice activist Pia Zammit.

MFSA answers: a receptionist is taking your calls

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2018-10-27T17:30:06+02:00Fri, 26th Oct '18, 13:44|

The Communications Department at the MFSA picked up the story that they chose a rough week to have a Friday out of the office. They issued this statement in response: "Dear Editors, "The MFSA refers to reports in the media concerning an event for all staff which has been planned and organised for training and [...]

EPT1: Reporters Without Bosses

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2018-10-27T17:30:13+02:00Fri, 26th Oct '18, 13:34|

Greek National TV ran a documentary the evening before last about independent internet journalism and included a segment about this website. The blurb for the documentary says: "It is the dream of many journalists, but there are few who dare it. Being able to practice their profession without commitments from some businessmen-bosses and without being [...]

MFSA: out for the day

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2018-10-26T13:38:00+02:00Fri, 26th Oct '18, 09:59|

One bank they regulate is under administration because its owner is indicted in the United States and is the guest of the FBI. Pilatus Bank: check. Another bank they regulate is in control of an auditor because of money laundering breaches and its customers need to prove they are desperate for their money before they’re [...]

Chris Cardona’s memory

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2018-10-25T22:54:03+02:00Thu, 25th Oct '18, 22:52|

Chris Cardona gave a controlled interview to Saviour Balzan today, perhaps making up for not answering questions from NBC about how well he knew a journalist's alleged assassins. Or maybe he was making up for the fact he's so far dodged testifying under oath to what he told Saviour Balzan today to avoid prosecution for [...]

Kasco having a good day

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2018-10-25T17:49:59+02:00Thu, 25th Oct '18, 17:49|

When the Egrant inquiry came out Konrad Mizzi addressed his Ministry-bought camera full of glee saying the inquiry vindicated him. It had done nothing of the sort of course. It had nothing to do with him at all. No inquiry has been conducted into why he set up a Panama company, why he committed on [...]

I know I have to go

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2018-10-25T16:29:55+02:00Thu, 25th Oct '18, 16:29|

Ernst & Young yesterday was policing Satabank on behalf of the Malta Financial Services Authority. It was also hosting a ‘Malta Attractiveness Seminar’ that heard how investors in Malta are becoming increasingly concerned about the stability and transparency of the island’s political, legal and regulatory environment. And it also published results of its survey among [...]

It’s quite simple.

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2018-10-25T13:48:30+02:00Thu, 25th Oct '18, 13:48|

This article on The Atlantic was published yesterday. It discusses the work of the Daphne Project and the unique event of journalists from all over the world coming together to continue the work of one of their own killed in the line of duty. This particular feature contains something very rare. A response by our [...]

The push for change

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2018-10-25T17:03:20+02:00Thu, 25th Oct '18, 13:42|

This article published a few days ago on the eve of the anniversary of Daphne Caruana Galizia’s assassination was published on the website of the Freedom of the Press Foundation. The FPF is a non-profit organisation founded in 2012 to fund and support free speech and freedom of the press. Its mission includes “promoting and [...]

Gaming player funds at Satabank also trapped

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2018-10-24T14:18:14+02:00Wed, 24th Oct '18, 14:18|

In an earlier post, I wrote about the reputational harm the current Satabank crisis is causing among end clients of our financial services activity. An expert in the gaming industry pointed out to me in a conversation this morning that I am underestimating the impact on the end users of the gaming industry as well. [...]

You need to rebuild confidence. Now.

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2018-10-24T10:38:12+02:00Wed, 24th Oct '18, 10:38|

Up to this morning, Satabank, or the ‘competent person’ appointed by the regulator to take control of it, Ernst&Young, have not yet communicated to the bank’s clients any news about what’s happening to their money. This is causing increasing concern among customers who have been denied access to their funds since the MFSA’s order last [...]

Blessed Owen!

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2018-10-24T10:21:02+02:00Wed, 24th Oct '18, 10:21|

Here’s a bulletin on The Great Restoration of The Great Siege Memorial. After the vigil of Tuesday 16th October an #occupyjustice activist, considerably nimbler than I am, went over the barricade to stick a picture of Daphne Caruana Galizia to the unwaxed plinth of the Memorial. A sort of smiling middle finger left for Owen [...]

Satabank: “This is causing amazing damage to Malta’s reputation” – UK financial advisor

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2018-10-24T09:57:21+02:00Wed, 24th Oct '18, 09:57|

The current situation at Satabank is being underestimated because its client base is mostly foreign and we don’t have typical Net or One phone-in callers with their salaries trapped inside. But though the political fallout of a freeze on transactions on a domestically-focused retail bank would be politically massive, the economic fall-out of the state [...]

Eppur si muove

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2018-10-24T09:34:44+02:00Wed, 24th Oct '18, 09:15|

I am not Martin Scicluna’s shadow and life’s too short to read all his drivel, let alone answer it. But you can see in his article of today, coupled with it Steve Mallia’s return from the shadows last Sunday, and a few other hints here and there of eloquent frenzy, a picture taking shape of [...]

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