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MFSA orders Marcel Boekhoorn to divest Novum Bank shares within six months

Regulation

Malta’s Financial Services Authority directed Marcel Boekhoorn to sell his shares in Novum Bank within six months, reportedly pending the resolution of legal proceedings in Italy. Ramphastos Investments said it would comply, while Novum Bank said the directive would not affect its operations or financial stability.

The order affects the bank’s ownership and includes responses from the investor’s firm and the bank.

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