Credit Suisse found guilty in cocaine cash laundering case
Credit Suisse CSGN.S was convicted by Switzerland’s Federal Criminal Court on Monday of failing to prevent money-laundering by a Bulgarian cocaine trafficking gang in the country’s first...
Money laundering
Global dirty money watchdog removes Malta from its grey list
The world’s money laundering and terrorist financing watchdog (FATF) said on Friday that Malta was no longer subject to its increased monitoring process, a decision...
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...
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Lawsuit in US against Cyprus withdrawn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...
