Woman arrested over sale of non-existent passports
Police on Thursday arrested a 38-year-old woman, a resident of Limassol, to facilitate investigations into a case of money laundering. Two third-country nationals who reported...
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Money laundering
EU heavyweight states push for joint supervisor against money laundering
The European Union’s largest states are pushing for the establishment of a new supervisory authority that would take over from states the oversight of money...
Daughter of late Venezuelan president Chavez moved money through BoC
The daughter of late Venezuelan President Hugo Chávez, suspected of money laundering, allegedly used an account at the Bank of Cyprus for transactions relating to...
Malaysia aims to locate further $4.3 bln in 1MDB-linked assets
Malaysia is working to locate at least $4.3 billion in assets that have yet to be accounted for in a global money laundering probe into...
US says Cyprus making progress in fight over illegal financial activity
Τhe US House financial services committee has said cooperation and coordination with Cypriot authorities in fighting illicit financial activity is beginning to pay off and...
Mokas has approached president’s former law firm in wake of OCCRP report
The anti-money laundering unit Mokas said Wednesday it had already asked President Nicos Anastasiades’ former law firm for information regarding a report linking the company...
Akel says president still not setting record straight over law firm allegations
Main opposition Akel on Thursday again called on President Nicos Anastasiades to come clean on reports his law firm was linked to alleged shell companies...
OCCRP insists its report on dealings of president’s law firm was accurate (Updated)
Government spokesperson Prodromos Prodromou denied yet again on Wednesday that the president had been involved in dubious financial activities that a report by a corruption-busting...
Spokesman says a fact that others out to hurt our reputation (update 2)
Media reports implying a link between President Nicos Anastasiades, his law firm and the so-called Troika laundromat on Sunday led to a war or words...
Money laundering reports ‘defame president and country’ (Updated)
The government on Saturday branded media reports implying a link between President Nicos Anastasiades and his law firm to the so-called Troika laundromat as libellous...
Akel calls for explanation of report linking president to money laundering
Main opposition Akel demanded an explanation on Friday over a report linking President Nicos Anastasiades and his law firm with the Troika Laundromat, a network...
Civil servant accused of selling house to Russian crime figure
Anti-corruption activist Bill Browder is accusing Cypriot authorities of enabling money laundering through the island’s property market by a Russian organised crime figure, Politico reported...
Cyprus and UK urged to work together to fight illicit finance
Cyprus and UK should strengthen their partnership in combatting illicit finance, British High Commissioner Stephen Lillie said on Wednesday. At a conference on combatting illicit...
Europol highlights Russian money as biggest laundering threat
Europe’s Baltic states are at risk from further Russian money laundering, a top European police official said after several big banks were hit by scandals...
Central bank governor says money laundering fight should not delay honest transactions
Cypriot banks must develop a culture of prevention and not reaction when it comes to economic uncertainties, Central Bank governor Constantinos Herododou said on Wednesday....
Moneyval officials in Cyprus for financial-sector review
A team from the Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism, also known as Moneyval, arrived in...
Banks need to speed up due diligence, CBC governor says
New Central Bank Governor Constantinos Herodotou, has called on Cypriot banks to invest in technology and staff training to speed up due diligence checks on...
Cyprus has made ‘enormous progress’ on money-laundering clampdown
US Department of Treasury Assistant Secretary for Terrorist Financing Marshall Billingslea on Friday praised Cyprus’ “enormous progress” on issues relating to anti-money laundering (AML). Billingslea...
US’ watchdog official on terrorist financing back in Cyprus
Marshall Billingslea, the US Treasury Department’s Assistant Secretary for Terrorist Financing, will be in Cyprus on Thursday and Friday to check “Cyprus has a strong and...
FBME sues own investigators for whistle-blowing in Cyprus
Two British private investigators are being sued by the owners of FBME Bank for breaking confidentiality after it hired them to help fight money-laundering accusations...
