#Money laundering

The widow of Turkish Cypriot businessman Halil Falyali, who was assassinated in 2022, was one of 250 people indicted in Turkey on Thursday following a large-scale investigation into money laundering and illegal ...

A €10,000 ceiling in the use of cash for the purchase of goods or services was discussed at the House ethics committee on Wednesday, as part of a bill put forward ...

An operation to dismantle a black money and money laundering network was launched in Limassol on Monday, under Europol guidance in close cooperation with Cyprus police. According to Philenews sources, ...

Members of the House ethics committee on Wednesday heard that four cases related to revenue from money laundering are currently before the criminal court. The topic was discussed by the ...

US tax authorities are in Cyprus this week to provide training on financial investigations and forensic accounting, Ambassador Julie Fisher said on Monday. “Together, we’re strengthening efforts to combat ...

A cross-border tax evasion and money laundering scheme involving Greece, Cyprus and Slovakia has led to the arrest of 21 people, Greek police said on Monday. Greece’s police said the ...

Claims that money laundering is unfolding without oversight at one of Cyprus’ points of entry are being investigated, Finance Minister Makis Keravnos said on Friday. His statement follows reports that ...

Acquiring the necessary skills and knowledge in the realm of Anti-Money Laundering is crucial for effective compliance and risk management. Typically, organizations have to choose between investing into formal AML ...

Ayia Napa Mayor Christos Zannettou on Friday pleaded not guilty before the Famagusta Criminal Court to charges related to the misuse of EU funds for a hotel renovation project in ...

Larnaca criminal court sentenced a 55-year-old man to six years in jail on Wednesday for crimes involving theft and money laundering. The defendant was found guilty of stealing substantial amounts ...

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 ...

But an exception is made if the buyers are Turks The Turkish Cypriot administration is working on a set of legal amendments to limit the number of properties that foreigners ...

Ukrainian billionaire and Cyprus passport holder Ihor Kolomoisky was re-arrested on Wednesday in Ukraine in connection with an attempted murder in 2003. According to the Ukrainian police, Kolomoisky had threatened and ...

Cyprus on Thursday welcomed a Moneyval report that said the country had improved measures in tackling money laundering and combating terrorism financing, though it identified existing shortcomings. Moneyval is the ...

The EU Commission on Wednesday sent a reasoned opinion to Cyprus for failing to correctly incorporate EU legislation that covers money laundering and financial interests. An announcement details that Cyprus, ...

The 31-year-old Ukrainian woman who stands accused of money laundering was jailed pending a trial on Wednesday after being unable to afford bail. The woman stands accused of laundering around €8 ...

Monks suspected of involvement in a money laundering scandal at the Osiou Avakoum monastery filed an appeal at the Nicosia District Court on Tuesday. The appeal is to have the €807,000 ...

An appeals court in Larnaca has released a 43-year-old Ukrainian man suspected of involvement in a money laundering case on bail, it emerged on Tuesday. The man was released on €30,000 ...

The government on Tuesday rejected accusations there were efforts to spare Tamassos Bishop Isaias of any criminal charges amid ongoing investigations of a major scandal surrounding the Osiou Avakoum monastery. “...

A Singapore court on Thursday jailed a second defendant in its biggest-ever money laundering probe, news outlet The Straits Times reported, a case that has seen the seizure or freezing ...

Cabinet on Wednesday rubberstamped a memorandum of cooperation between Cyprus’ police and the FBI (US Federal Bureau of Investigation), describing it as a significant development. A justice ministry announcement said ...

MPs on Wednesday repeated a variation of ‘show me the money’ during a House ethics committee discussing the amount of cash flowing into the country, amid fears of ongoing money ...

The latest announcement for cooperation between Cyprus and the FBI in the US over money laundering and sanctions evasion appears to have struck the right chord publicly. While the direct ...

The Cyprus Integrity Forum on Wednesday called for action over sanctions evasion and money laundering in the north. It was reacting to a Deutsche Welle production, which revealed that Iranian ...