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...
Money laundering
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...
