War of words over FBME (Updated)
Alecos Markides, the lawyer representing the Tanzanian bank FBME which had its licence revoked, on Tuesday accused the Central Bank of Cyprus (CBC) of maliciousness,...
FinCEN
FBME says activiation of deposit scheme ‘designed to protect CBC, not depositors’
FBME Bank said on Sunday that the Central Bank of Cyprus (CBC) had triggered the deposit guarantee scheme so that the supervisory body could claim...
FBME says staff reduction costly, makes liquidation impossible
FBME Bank, the Tanzanian lender which had its licence revoked by the Central Bank of Cyprus and was shut out of the US banking system...
FBME takes legal steps to challenge redundancies ordered by CBC administrator
FBME Bank said late Saturday it would be fighting “the latest move” move by the Central Bank of Cyprus (CBC) and its administrator “to secure...
FBME administrator fires 130 following FinCEN decision
The special administrator appointed by the Central Bank of Cyprus informed most of the staff of FBME Bank, which had its licence revoked in December,...
US Treasury rules FBME ‘still a money laundering concern’
The US Treasury’s Financial Crimes Enforcement Network (FinCEN) has issued a final ruling imposing prohibition on the opening or maintaining of correspondent accounts for, or...
FBME heading back to court
By Elias Hazou THE Nicosia district court will next week continue hearing the case brought before it, where the Central Bank of Cyprus (CBC) is...
CBC to request FBME resolution order by Wednesday – reports
By Angelos Anastasiou Monday’s decision to revoke the banking licence of the Federal Bank of the Middle East (FBME) was part of the Central Bank...
FBME submits lengthy response to US Treasury
FBME Bank’s submission to the US Department of the Treasury’s FinCEN bureau in Washington has started. The Cyprus Central Bank took over administration of FBME...
FBME denies money laundering allegations
FBME Bank has denied money laundering accusations and said it will cooperate with the Central Bank of Cyprus (CBC), which took over its administration on...
