#Money laundering

Acquiring the necessary skills and knowledge in the realm of Anti-Money Laundering is crucial for effective compliance and risk management. Typically, organizations have to choose between investing into formal AML ...

Ayia Napa Mayor Christos Zannettou on Friday pleaded not guilty before the Famagusta Criminal Court to charges related to the misuse of EU funds for a hotel renovation project in ...

Larnaca criminal court sentenced a 55-year-old man to six years in jail on Wednesday for crimes involving theft and money laundering. The defendant was found guilty of stealing substantial amounts ...

Cabinet on Wednesday gave the Insolvency Department the power to take on the duties of the asset management service to better handle money laundering cases. According to a proposal put ...

But an exception is made if the buyers are Turks The Turkish Cypriot administration is working on a set of legal amendments to limit the number of properties that foreigners ...

Ukrainian billionaire and Cyprus passport holder Ihor Kolomoisky was re-arrested on Wednesday in Ukraine in connection with an attempted murder in 2003. According to the Ukrainian police, Kolomoisky had threatened and ...

Cyprus on Thursday welcomed a Moneyval report that said the country had improved measures in tackling money laundering and combating terrorism financing, though it identified existing shortcomings. Moneyval is the ...

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 ...