July 31, 2019 – ACA Compliance Group announced today that it has sold its majority stake in Cordium Malta Limited (“CML”) to Adam de Domenico. ACA acquired the entity in August 2018 as part of the acquisition of Cordium.
CML provides compliance consulting services to Malta-based firms. It will operate independently but will continue to maintain a relationship with ACA to provide tax and financial regulatory reporting support for its clients. There will be no impact to CML clients.
ACA will continue to maintain a presence in Malta through the operation of its Mirabella entities in Malta.
The financial details of the transaction will not be disclosed.