Articles by Jacob Borg
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Jacob Borg

  • Wall of silence over 17 Black ‘draft plans’

    Wall of silence over  17 Black ‘draft plans’

    Prime Minister Joseph Muscat has flatly refused to say if he demanded more details about the “draft business plans” his chief of staff Keith Schembri had with 17 Black. Replying to questions from The Sunday Times of Malta, a spokesman for the...

  • Exclusive: 17 Black owner identified as local power station businessman

    Exclusive: 17 Black owner identified as local power station businessman

    FIAU report identifying Electrogas power station director and Tumas Group CEO Yorgen Fenech as 17 Black’s owner sent to police in spring 2018 for money-laundering investigation. Prime Minister Joseph Muscat and his chief of staff Keith...

  • Satabank saga damaging Malta’s reputation – bankers

    Satabank saga damaging Malta’s reputation – bankers

    Banks operating in Malta have lamented the damage being done to the island’s reputation by financial institutions failing to live up to their regulatory requirements. The Malta Bankers’ Association said that when customer due diligence was not...

  • Step up supervision of banks, European Commission warns Malta

    Step up supervision of banks, European Commission warns Malta

    Updated 5.30pm with PN reaction The European Commission has demanded that the Maltese authorities step up supervision of banks in its jurisdiction through a formal opinion delivered on Thursday. In a statement, the Commission said it had adopted...

  • Malta at ‘high’ risk of being used for money laundering

    Malta at ‘high’ risk of being used for money laundering

    Malta is at a high risk of being used for money laundering and at a “medium-high” risk of terrorist financing, a national study has found. The 2017 assessment, which had not yet been published by the government on security grounds, found Malta to...

  • Allegation letters against Casa drafted on Malta Today editor's PC

    Allegation letters against Casa drafted on Malta Today editor's PC

    Updated 4.05pm with Casa reactionMalta Today co-owner Saviour Balzan shows up as the "author" of two letters sent by a former aide to David Casa about alleged irregularities in the MEP's finances. Electronic copies of the letters seen by the Times...

  • Foreign bank clients not automatically high-risk – FIAU

    Foreign bank clients not automatically high-risk – FIAU

    Foreigners trying to open a bank account were not automatically considered by the Financial Intelligence Analysis Unit to pose a higher risk for banks, FIAU deputy director Alfred Zammit said on Tuesday. Speaking during a briefing about the FIAU’s...

  • Gozitan pays €300,000 for Bulgarian ‘potato field’

    Gozitan pays €300,000 for Bulgarian ‘potato field’

    A Gozitan man told a court that he was duped by former Shoreline property promoter Stephen Carter into paying over €300,000 for what was effectively a “potato field” in Bulgaria. Mr Carter has been charged with defrauding Gozitan couple Joseph and...

  • Fiscal watchdog wants better EU fund absorption data

    Fiscal watchdog wants better EU fund absorption data

    A watchdog tasked with assessing the implementation of fiscal and economic policy objectives has urged the Finance Ministry to provide a more detailed account of European Union fund absorption. In a letter sent on October 8 to Finance Minister...

  • Young pioneer spearheads data platform after Caruana Galizia murder

    Young pioneer spearheads data platform after Caruana Galizia murder

    A 22-year-old Maltese youth has pioneered a secure platform to help journalists and human rights activists keep their work safe from the authorities. Max Thake was at a company bootcamp in Florida when he heard journalist Daphne Caruana Galizia...