‘Getting serious about NGO purge’
As many as 5,000 of the 7,000 organisations could get scrubbed By Elias Hazou It appears the government is finally getting serious about tidying up...
moneyval
Thousands of NGOs face purge if not properly registered, minister says
Interior Minister Nicos Nouris said on Saturday he would purge 5,000 non-governmental organisations (NGO) in the coming weeks if they did not properly register with...
Cyprus Casinos says ‘dedicated to best-practice anti-money laundering procedures’
Cyprus Casinos (C2) said Thursday it was dedicated to industry-leading and best practice anti-money laundering procedures across its operations and was implementing all regulations of...
Casino highlighted as money laundering risk in EU report
The council of Europe’s anti-money laundering watchdog Moneyval identified a relatively new risk in Cyprus with the expansion of the Cyprus Casinos operation, which opened...
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 ‘golden passports’ scheme a laundering risk, says watchdog (Update 3)
A European money laundering watchdog has cautioned that a secretive investment-for-passports programme run by Cyprus was vulnerable to money laundering and fraught with risk. In...
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...
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....
UK MP blasts Cyprus for co-operating with Russia, MoJ insulted (Update 1)
A British lawmaker claimed Cyprus “actively” obstructs a global money laundering investigation involving Russia and the UK should therefore seek to downgrade it to non-compliant...
New MONEYVAL report
A MONEYVAL report on the effectiveness of the measures implemented by the Republic of Cyprus in its banking sector is expected to be released next...
