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...
Money laundering
Lawsuit in US against Cyprus withdrawn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...
Woman arrested over sale of non-existent passports
Police on Thursday arrested a 38-year-old woman, a resident of Limassol, to facilitate investigations into a case of money laundering. Two third-country nationals who reported...
EU heavyweight states push for joint supervisor against money laundering
The European Union’s largest states are pushing for the establishment of a new supervisory authority that would take over from states the oversight of money...
Daughter of late Venezuelan president Chavez moved money through BoC
The daughter of late Venezuelan President Hugo Chávez, suspected of money laundering, allegedly used an account at the Bank of Cyprus for transactions relating to...
Malaysia aims to locate further $4.3 bln in 1MDB-linked assets
Malaysia is working to locate at least $4.3 billion in assets that have yet to be accounted for in a global money laundering probe into...
US says Cyprus making progress in fight over illegal financial activity
Τhe US House financial services committee has said cooperation and coordination with Cypriot authorities in fighting illicit financial activity is beginning to pay off and...
Mokas has approached president’s former law firm in wake of OCCRP report
The anti-money laundering unit Mokas said Wednesday it had already asked President Nicos Anastasiades’ former law firm for information regarding a report linking the company...
Akel says president still not setting record straight over law firm allegations
Main opposition Akel on Thursday again called on President Nicos Anastasiades to come clean on reports his law firm was linked to alleged shell companies...
OCCRP insists its report on dealings of president’s law firm was accurate (Updated)
Government spokesperson Prodromos Prodromou denied yet again on Wednesday that the president had been involved in dubious financial activities that a report by a corruption-busting...
Spokesman says a fact that others out to hurt our reputation (update 2)
Media reports implying a link between President Nicos Anastasiades, his law firm and the so-called Troika laundromat on Sunday led to a war or words...
Money laundering reports ‘defame president and country’ (Updated)
The government on Saturday branded media reports implying a link between President Nicos Anastasiades and his law firm to the so-called Troika laundromat as libellous...
Akel calls for explanation of report linking president to money laundering
Main opposition Akel demanded an explanation on Friday over a report linking President Nicos Anastasiades and his law firm with the Troika Laundromat, a network...
Civil servant accused of selling house to Russian crime figure
Anti-corruption activist Bill Browder is accusing Cypriot authorities of enabling money laundering through the island’s property market by a Russian organised crime figure, Politico reported...
Cyprus and UK urged to work together to fight illicit finance
Cyprus and UK should strengthen their partnership in combatting illicit finance, British High Commissioner Stephen Lillie said on Wednesday. At a conference on combatting illicit...
