A Maltese auditing firm with major links to the Panama Papers scandal has been granted a new license for an offshoot company.
Nexia BT Technology, a tech-auditing branch within Nexia BT, has been granted a new licence by the Malta Digital Innovation Authority, the Times of Malta reported.
The company will be auditing internal IT systems of “high-risk entities” such as cryptocurrency exchanges. Companies given this type of license need to adhere to the highest standards when it comes to compliance and conduct.
Nexia BT is one of the more controversial companies in Malta, having been a central suspect in the setting up of the hidden offshore companies for former Chief of staff Keith Schembri and former Tourism Minister Konrad Mizzi.
The company is also suspected of setting up Egrant, the Panama based company that was the subject of a massive €4 million magisterial inquiry.
An MDIA spokesperson noted that there were no criminal proceedings, convictions or sanctions against Nexia BT when making its decision to grant the new license. He also said that all companies granted licensed are constantly and actively reviewed.