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
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Money laundering
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
US official to make follow-up visit over terrorist financing
Marshall Billingslea, the US Treasury Department’s Assistant Secretary for Terrorist Financing, will likely be visiting the island this month or the next, sources have confirmed.
Casinos, offshore banking keeps north on money-laundering radar
Casinos and the offshore banking sector in the breakaway Turkish Cypriot state in the north of the island remain areas of concern for money laundering
Larnaca official guilty of being on the take
Larnaca municipal secretary, Lefteris Empedocles, 57, was found guilty on Friday of theft, obtaining money under false pretences and money laundering after taking €35,000 from a
EU adds Saudi Arabia to dirty-money blacklist, upsets Britain
By Francesco Guarascio STRASBOURG, Feb 13 (Reuters) – The European Commission added Saudi Arabia, Panama, Nigeria and other jurisdictions to a blacklist of nations seen
Dirty money risks encroach on Estonia’s digital utopia
By John O’Donnell and Tarmo Virki TALLINN, Feb 1 (Reuters) – Estonia’s push to become a digital society has left it vulnerable to dirty money
Man arrested for money laundering
Police on Tuesday evening arrested a 46-year-old man in Limassol in connection with the illegal possession of property and money laundering after more than €150,000
Estonia makes first arrests over Danske money laundering
TALLINN, Dec 19 (Reuters) – Estonia has made the first arrests in a money laundering scandal involving Denmark’s Danske Bank, detaining 10 former employees at
Wary whistleblower casts light on dark Danish drama
When Howard Wilkinson was given a tablet as a gift from a client and his boss did not respond to questions about what he should
Cyprus’ golden visa scheme exposes EU ‘to the corrupt’
Cyprus is high on a list of EU countries red-flagged in a damning international report on Wednesday suggesting its golden visa programme in spite of
Arrest after land bought but no title deeds after 12 years
Limassol police arrested a 60-year-old man on Friday for the crimes of obtaining money under false pretences and money laundering. Police received information from two
Turkey orders arrest of 417 suspects in money laundering investigation
Turkish prosecutors ordered the detention of 417 suspects in a money laundering investigation into the transfer of about 2.5 billion lira ($419 million) worth of
CySEC says cash payments of €10k banned
By Stelios Orphanides The Cyprus Securities and Exchange Commission notified supervised companies that accepting €10,000 or more in cash payments is considered a criminal offence
Under the US cosh? The crackdown on money laundering
On June 14, the Central Bank of Cyprus (CBC) sent a circular letter to all credit institutions advising them to step up their game when
