#Money laundering

Police arrested a 33-year-old man in Limassol in connection with investigated cases of forgery and other offenses. The man was arrested on Tuesday with two complaints pending against him from ...

The Supreme Court has overturned the Cyprus bar association (CBA) council’s decision, which had found a law firm guilty on multiple charges and imposed a financial penalty, it was ...

Police on Monday are investigating the origins of a large sum of money found hidden at a Nicosia residence. Following investigations, police arrested a 33-year-old woman for possession of illegal ...

Police have arrested two more people, aged 28 and 53, for an investigated case of real estate fraud in Limassol. Two persons aged 45 and 46 had previously been taken onto custody following their ...

Banks in Cyprus must implement increased due diligence measures when conducting background checks on politically exposed persons, a Central Bank of Cyprus representative said on Wednesday. Addressing the House ethics ...

New details are surfacing in a massive money laundering case cracked open by a Europe-wide operation.Last week, it was made known that two Ukrainian brothers were allegedly masterminding money ...

One of two Ukrainian brothers masterminding massive money laundering operations from Limassol has been arrested abroad on a European warrant in the framework of a Europe-wide clampdown, according to Cyprus ...

Large sums of money and luxury cars have been confiscated, while €24 million worth of cryptocurrencies have been frozen, in the framework of a Europol and Eurojust joint operation to clamp ...

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 ...