The EU has moved closer to a €17.5 billion bailout for Cyprus after the Mediterranean island on Monday (4 March) agreed to audit its banks to assess implementation of anti-money-laundering rules.

Former football association president Giorgos Koumas will make his first appearance before the Nicosia district court next Thursday, to face 25 charges in a criminal case centred on alleged conflicts ...

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The Cyprus Securities and Exchange Commission (CySEC) has issued a new circular informing regulated entities about new public consultations launched by the Anti-Money Laundering Authority.The circular ...

Maria Aristidou Demetriou, chief compliance officer at Cyprus-based Hellenic Bank, spoke to Compliance Week about derisking in the Cypriot banking sector since Russian’s invasion of Ukraine and ...

NICOSIA, March 26 (Reuters) - The United States and Cyprus are to boost their cooperation in enhancing Cypriot capabilities in countering and prosecuting illicit finance operations, the two ...

Conceived by the G7 at the end of the Cold War, the Financial Action Task Force (FATF) is the international body most engaged in setting standards to combat money ...

An EU-mandated report on money laundering in Cyprus contains nothing shocking, sources say. But you would be forgiven for thinking otherwise, given the level of secrecy. The report was drafted by ...

NICOSIA, Oct 16 (Reuters) - Bank of Cyprus on Tuesday denied civil money laundering charges filed against it by U.S. prosecutors, saying the case was legally and factually without merit. Prosecutors ...

The European Union’s new agency formed to fight dirty money said on Wednesday it was on track to be fully operational in 2028, as it set out its plan to tackle emerging illicit finance risks including ...