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391. Bad blood continues over golden passports

A prolonged and bitter dispute between the interior minister and auditor general, over probing Cyprus’ golden passports scheme, was renewed this week following a mini report with details on a number of applications through citizenship by investment...

392. AG announces makeup of new committee to probe passports scheme

Attorney General George Savvides announced the members of the newly-established four-member committee tasked with probing the entire length of the Cyprus Investment Program, which was introduced in 2007....

393. Politics turn ugly over Cyprus Papers

The main left party opposition in the Republic of Cyprus is firing back at the government, after reports emerged over threats and a confidential letter about Cypriot golden passports a decade earlier...

394. Cabinet throws ball in attorney general’s court

Cypriot President Nicos Anastasiades is calling on the state’s attorney general to appoint yet another committee to probe golden passport applications to settle a dispute between the auditor general’s office and the interior ministry over the “Cyprus Papers”...

395. Golden passports scheme to remain as is

The citizenship-by-investment program will not be terminated, nor will it be suspended for a short period as a way of managing the crisis developing crisis, the government decided during its Tuesday morning coffee at the Presidential Palace. What was strongly tabled was that a potential freezing or termination of the investment program at this point in time would send a message that the government is acting in light of the Al Jazeera publications, and that by extension, that it accepts them....

396. Fierce battle over ‘Cyprus papers’

A fierce battle over documents has began following Al Jazeera’s “Cyprus papers” on golden passports, with the audit office demanding to examine specific files and the interior ministry refusing to hand them over...

397. EU mulls legal action against Cyprus 'golden passports'

The foreign media network Al Jazeera, that has this week been publishing a series of articles and videos on the murky side of the Cyprus ‘golden passports’ program after it was leaked classified documents, reported that the European Commissioner for Justice Didier Reynders is looking into the possibility of legal action against Cyprus....

398. Cyprus takes a stab at Al Jazeera 'propaganda'

The daily publication of reports by the foreign media network Al Jazeera targeting the Cyprus citizenship-for-investment programme after gaining possession of over 1,400 leaked documents has sent the Cyprus government rushing to set the record straight....

399. Students arrested as visa debate rages on

Police officers and immigration agents raided establishments in Paphos on Sunday, arresting two international students who were found working without authorization, with critics calling on the state to ease restrictions and allow off-campus work...

400. Arrivals keep divided Cyprus on toes

Discussions on virus risks are taking place publicly between officials and health experts on both sides of the divided island, with the north scrambling to find the right formula before July 1 and the south moving to correct a number of issues...

401. Attorney general weighs in on casino probe

The identity of foreign companies suspected of embezzlement of EU funds pumped into a casino project in Cyprus remains unknown, with the island’s legal department clarifying there is no evidence of local companies being involved in illegal activity...

402. EU investigators follow the money to Cyprus

Cyprus came on the European Anti-Fraud Office’s radar this week, after it emerged that money allegedly stolen from an environmental project was diverted to a casino project on the island...

403. Financial measures tackle coronavirus in Cyprus

Measures of Financial Support to address the Impact of the Coronavirus have been announced by the Government of the Republic of Cyprus...

404. President says use of Saudi-businessman owned jet not a violation of Ethics Code

President Nicos Anastasiades acknowledged on Thursday that he could have avoided using a private jet belonging to a Saudi businessman for a family holiday in the Seychelles, but denied that he was in violation of the Ethics Code....

405. Football and Money Laundering

It has been identified years back at European and global level, that sports and especially football is being used by criminals to launder dirty money and derive illegal income...

406. Accounting profession the pillar of powerful economies

407. President’s air travel under scrutiny

Cypriot President Nicos Anastasiades is firing back at critics saying his use of a private jet owned by a Saudi billionaire has actually saved the state a lot of money, while opposition parties raise fears of dependency and quid pro quo with foreign donors...

408. How Russian uncapitalism works

Like a private equity firm enacting an acquisition-led ‘roll-up’ in a fragmented sector, Putin and Co in Russian have been busy in recent years quietly taking scores of small banks into state ownership...

409. Teacher arrested after incident with student

A high school teacher in Limassol was arrested on assault charges, while another man was detained in the same town for allegedly attacking two of his daughter’s female classmates...

410. MPs stalling Jiu Jitsu cash rebate

A cheque for €8.5 million to pay for Jiu Jitsu, a film starring Nicolas Cage, is being held up in the Cypriot parliament as opposition parties are blocking the cash rebate and asking questions...

411. '74' wins first place at Cyprus International Film Festival

Paul Lambis’ full-length screenplay “74” was awarded the “Best Screenplay” prize at the Cyprus International Film Festival’s Golden Aphrodite awards ceremony, held at the Pallas Cinema-Theatre in Nicosia...

412. Cyprus tops the list of EU member states concerning absorption of EU Regional Development funds

Cyprus’ absorption capacity of EU Regional Development exceeded the EU average, Government Spokesman Prodromos Prodromou has said....

413. MAP S.Platis joins forces with global firm FTI Consulting

414. Financial Services towards Artificial Intelligence and Machine Learning

Artificial Intelligence in general and machine learning in particular, is not a new concept, but it is only in recent years that financial services firms have started to learn about and understand its full potential...

415. Brexit no-deal preparedness: Final Commission call to all EU citizens and businesses

With 8 weeks to go until the United Kingdom's withdrawal from the European Union on 31 October 2019, the Commission has today – in its 6th Brexit preparedness Communication – reiterated its call on all stakeholders in the EU27 to prepare for a ‘no-deal' scenario. In light of the continued uncertainty in the United Kingdom regarding the ratification of the Withdrawal Agreement – as agreed with the UK government in November 2018 – and the overall domestic political situation, a ‘no-deal' scenario on 1 November 2019, remains a possible, although undesirable, outcome...

416. Digital Challenges for Internal Auditors & DPOs

417. Audit office weighs in on turtle nests debacle

A report by the audit office slams the forestry department for removing acacia trees very close to turtle nests earlier this year, just as another confrontation between locals and conservationists in a nearby area is gaining traction...

418. Baker Tilly Cyprus launches new interactive website

Baker Tilly Cyprus is pleased to announce the launch of a completely new interactive website (bakertilly.com.cy) that serves as a comprehensive resource in support of the form’s mission. Specifically, to provide a complete range of services, through a single point of contact, to create a quick, proactive response in all areas of service. ...

419. Confrontation over turtle nests caught on tape

A group of European experts in a sea turtle conservation programme was asked by police to leave a beach in Argaka on Thursday, after locals showed up and pestered the visitors...

420. The benefits of studying with a learning provider

Studying to become an ACCA member is flexible, and it opens up a world of opportunities. With over 500,000 students studying in a variety of ways, we know that flexibility is key to a successful ACCA journey. ...