Anastasiades: last-minute Russian ban in US’ Cyprus bill ‘unfortunate’
President Nicos Anastasiades on Wednesday night described as “unfortunate” an amendment to a bill out of Washington to end the decades-long US arms embargo on
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Non-resident deposits drop, as Cyprus adopts stricter AML policies (updated)
Non-resident bank deposits registered a 13 per cent drop in 2018 as a result of stricter anti-money laundering (AML) policies adopted by the banking sector,
Billions lost in cash crackdown on money laundering
EVEN depositing the cash received for your wedding, a fairly simple banking task in the past, has apparently become arduous in recent days, as lenders
Victory for FBME lawyers over access to documents
FBME bank lawyers are allowed access to specific documents inside the bank, an interim ruling by the administrative court ordered on Wednesday. FBME was placed
CBC fines Hellenic Bank €1.1m after spotting AML shortcomings
The Central Bank of Cyprus said it had fined Hellenic Bank, Cyprus’s third largest lender in excess of €1.1m for failing to comply with provisions
Anti money-laundering unit warns public of ‘mule’ scams
The Anti-Money Laundering Unit (MOKAS) on Wednesday issued a warning to the public over online fraud involving ‘money mules’ or ‘smurfs’ as the term is