#Money laundering

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 ...

Monks suspected of involvement in a money laundering scandal at the Osiou Avakoum monastery filed an appeal at the Nicosia District Court on Tuesday. The appeal is to have the €807,000 ...

An appeals court in Larnaca has released a 43-year-old Ukrainian man suspected of involvement in a money laundering case on bail, it emerged on Tuesday. The man was released on €30,000 ...

The government on Tuesday rejected accusations there were efforts to spare Tamassos Bishop Isaias of any criminal charges amid ongoing investigations of a major scandal surrounding the Osiou Avakoum monastery. “...

A Singapore court on Thursday jailed a second defendant in its biggest-ever money laundering probe, news outlet The Straits Times reported, a case that has seen the seizure or freezing ...

Cabinet on Wednesday rubberstamped a memorandum of cooperation between Cyprus’ police and the FBI (US Federal Bureau of Investigation), describing it as a significant development. A justice ministry announcement said ...

MPs on Wednesday repeated a variation of ‘show me the money’ during a House ethics committee discussing the amount of cash flowing into the country, amid fears of ongoing money ...

The latest announcement for cooperation between Cyprus and the FBI in the US over money laundering and sanctions evasion appears to have struck the right chord publicly. While the direct ...

The Cyprus Integrity Forum on Wednesday called for action over sanctions evasion and money laundering in the north. It was reacting to a Deutsche Welle production, which revealed that Iranian ...

Nobody could doubt President Nikos Christodoulides’ commitment to cleaning up the bad name Cyprus has acquired over the years as a country that facilitated money laundering – what is also referred ...

The two men arrested on suspicion of money laundering in Limassol last week denied all charges in their second court hearing on Friday. The pair, aged 41 and 34 years old respectively, ...

The Larnaca district court on Wednesday remanded a 43-year-old Ukrainian national in custody until the start of his trial on April 17 for being the suspected recipient of millions of euros ...

The Larnaca district court on Friday issued a five-day remand against a 43-year-old man who was arrested on the same day for being the suspected recipient of millions of euros ...

Police in Limassol announced on Friday they had arrested two people on Thursday for suspected money laundering. Both were remanded in custody for seven days on Friday. One, aged 41, is ...

The political pressure over the ongoing monk scandal has escalated, with the attorney-general’s (AG) office appointing two investigators on Thursday to examine any criminal offences related to the case. ...

The scandal surrounding the Osiou Avakoum monastery opened up a Pandora’s box among MPs by Thursday amid concerns of tax evasion, accusations of money laundering and questions as to ...

MPs on Wednesday raised the alarm over whether Cyprus is actually carrying out its duties on money laundering compliance, after it emerged the police, money laundering unit (Mokas) and customs ...

The anti-money-laundering unit (Mokas) has seized approximately €10 million, as well as nine luxury vehicles, four properties and cryptocurrencies assets over the past two years as part of investigations into money ...

A 31-year-old Ukrainian woman who is accused of transferring a total of €8 million to Cyprus in recent months appeared before the Larnaca district court on Thursday and was ordered to ...

A case involving allegations of money laundering activities against a 31-year-old Ukrainian woman who is accused of transferring millions of euros to Cyprus in recent months is expected to be ...

The 31-year-old Ukrainian woman suspected of money laundering is not cooperating with authorities, police spokesman Christos Andreou said on Tuesday. She is currently a serving a five-day remand order, which ...

Cyprus’ anti-money laundering unit (Mokas) may be roped in to investigate the case of the Ukrainian woman who was remanded after reporting a €420,000 robbery. Police now fear there may be ...

The 31-year-old woman who reported she had been robbed of €420,000 in cash on Friday was arrested for money laundering afterwards, it emerged on Saturday. The woman, who is believed to ...