Triton Capital Markets says it will challenge FIAU fine

Last Updated on Tuesday, 3 January, 2023 at 2:25 pm by Andre Camilleri

The company Triton Capital Markets Ltd has said that it will be challenging a fine issued to them by the Financial Intelligence Analysis Unit earlier this week.

The company was fined €226,902 by the FIAU.

In response to the story about the administrative penalty carried by The Malta Independent, the company issued the following right of reply:

On the 7th December 2022 the Financial Intelligence Analysis Unit (FIAU) served their final decision on a Compliance Review conducted on Triton Capital Markets Ltd. (“TCM”) back in March 2019 imposing a fine on the Company for ‘alleged’ breaches identified almost 3 ½ years ago.

TCM advises stakeholders that all the alleged breaches identified were purely of an administrative nature.

TCM would like to reassure its customers and service providers that it shall be challenging this decision in the strongest manner possible and through all legal channels available to them.

TCM remains committed to exercise the strictest adherence to all regulatory obligations and guidelines so as to ensure that it remains fully compliant at all times and this without the least exception.

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