Man arrested for drugs, money laundering
Limassol police late on Tuesday arrested a 38-year-old man, who was a passenger in a car they stopped for traffic offences, on suspicion of money...
Money laundering
Central Bank fines BoC €790,000 over AML violations
The Central Bank of Cyprus (CBC) has slapped a €790,000 fine on Bank of Cyprus for the latter’s violation of certain provisions of the law...
Man arrested for money laundering following European warrant
Police on Friday said they arrested a 44-year-old Famagusta resident based on a European warrant issued for employee theft and money laundering. The crime was...
Pregnant woman gets three-year suspended sentence in fraud case
Larnaca Criminal Court on Thursday handed down a three-year suspended jail sentence to a 43-year old woman who had pleaded guilty to 18 charges of...
Lawsuit in US against Cyprus withdrawn
A lawsuit filed early in 2019 in the US Federal District Court for the Southern District of Florida against people, companies and institutions in the...
Supreme court orders extradition of Hezbollah suspect to US
The supreme court on Friday ordered the extradition of a man with links to a terrorist organisation wanted by the USA for money laundering. The...
Cyprus improving its AML framework but risks remain, US says
Although Cyprus’ financial system is vulnerable to money laundering by domestic and foreign criminals, proceeds generated by illicit activity abroad pose a greater threat, the...
EU report highlights Cyprus’ vulnerability to money laundering
Cyprus was called on Wednesday to shore up weaknesses in several areas of the economy that still leave the island vulnerable to money laundering such...
Cyprus, Portugal rebuked by EU over delays in money-laundering reforms
The European Commission has sent legal warnings to Cyprus, Portugal, the Netherlands and five other EU states over their delays in applying new anti-money laundering rules...
Ukrainian remanded in connection with case of $92m fraud
A 42-year-old Ukrainian national was remanded in custody for seven days on Thursday in connection with financial fraud totalling $92m (€83m) allegedly committed through Cypriot-registered...
