Tightening up of money laundering oversight
Cabinet on Wednesday gave the Insolvency Department the power to take on the duties of the asset management service to better handle money laundering cases.
According to a proposal put ...
EU to support establishment of asset management office in Cyprus
The EU will support a series of reform support projects in Cyprus, including the establishment of an asset management office in the country, the structural review of the Cypriot Presidency, ...
Kedipes likely to operate as ‘bad bank’ for NPLs next year
The European Commission is expected to grant state-owned asset management company Kedipes the necessary approval to operate as a bad bank during the second half of next year, the Cyprus ...