#sanctions

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 ...

The formalising of cooperation on countering money laundering and sanctions violations between the governments of Cyprus and the United States, announced last week is of historic significance. Close, structured cooperation ...

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 ...

A Cyprus-based company was sanctioned on Monday by the US for its links with Russia’s financial sector. Tokentrust Holdings with a registered Limassol address was added to the Office ...

The Cyprus Bar Association on Friday slammed the government’s approach on creating an oversight authority, accusing it of lacking any ounce of seriousness. The damning statement came after a ...

Oversight on 50 of the biggest service-industry firms is not the way to ensure compliance, Bar Association chairman Michalis Vorkas charged on Wednesday. Making distinctions based on how small or large ...

Three Cyprus-based companies have been included in the latest round of sanctions imposed by the United States’ government, due to their links to Islamist military group al-Shabaab. The companies, named ...

Cabinet on Tuesday greenlighted the creation of an oversight body for service-sector companies, Finance Minister Makis Keravnos said. The body aims to prevent situations that “threaten the image” of the ...

Limassol shipping companies sanctioned by US Companies registered in Cyprus were hit with sanctions on Friday, as the US, UK and Canada sought to toughen the crackdown on Russia, two ...

Cyprus supports the 13th package of sanctions against Russia, Foreign Minister Constantinos Kombos said during the EU council of foreign affairs in Brussels on Monday. Kombos pointed out that the ...

The Biden administration on Thursday imposed sanctions on four Israeli men it accused of being involved in settler violence in the West Bank, signaling growing U.S. displeasure with the ...

Attorney General George Savvides strongly denied corruption charges on Tuesday after a lawyer accused his office of collaborating with a billionaire Russian oligarch to allow an allegedly illegal $113.4 million deal ...

The first meeting between the US sanctions experts and Cypriot authorities took place on Tuesday, in a discussion that lasted well over an hour. A police spokesperson told the Cyprus ...

A team of US experts has arrived in Cyprus to investigate sanctions violations, Government Spokesman Konstantinos Letymbiotis confirmed on Monday. They are set to begin work immediately, and cooperate with ...

By Maria Demertzis When Russia invaded Ukraine in February 2022, the European Union had little experience of imposing sanctions. Numerous sanctions packages later, there is still significant doubt about their effectiveness. ...

The attorney general (AG) dampened hopes for criminal convictions over sanctions evasion on Wednesday, after he told deputies those may be difficult to achieve but pledged there would be thorough ...

Authorities on Wednesday appeared to be playing a game of hot potato over who was responsible for the apparent delay in investigating reports over PwC’s alleged role in potentially ...

A snap meeting was held at the presidential palace on Monday, deputy government spokesman Yiannis Antoniou said, to discuss the revelations in last week’s ‘Cyprus Confidential’ report claiming to ...

The Central Bank of Cyprus (CBC) is examining potential violations mentioned in the ‘Cyprus Confidential’ papers insofar as they concern credit institutions, it said on Thursday. It said that as ...

For Darya Stepanova, a mother of two who lives in a small town on the eastern side of the Ural mountains, soaring prices for everything from baby food to nappies ...

A Cyprus-based company appears to have been at the heart of a $5 million transfer of Russian wealth, flagged by UK authorities as a suspicious attempt believed to have helped Russian ...

A global investigation on Tuesday claimed to show how Russian influence in Cyprus and on local service providers helped oligarchs and billionaires structure their wealth over the years preceding the 2022 ...

The government is working towards safeguarding Cyprus’ name abroad where sanctions are concerned, government spokesman Konstantinos Letymbiotis said on Wednesday after a high-level briefing at the presidential palace. The meeting ...

Cyprus’ tourism has lost a billion euros thanks to placing sanctions and closing its skies to Russian aircraft, according to Russia’s ambassador in Nicosia Murat Zyazikov. Zyazikov was speaking ...