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31. Cavusoglu travels to US amid troubled ties

Turkey and the United States will aim to smooth out a series of disagreements between the NATO allies when the Turkish foreign minister visits Washington this week. But expectations that outstanding issues can be resolved are low....

32. Brothers facing US extradition walk free in Cyprus

The Supreme Court in the Republic of Cyprus has ordered the release of five suspects, including two Greek Cypriot brothers, who are wanted by US authorities in connection with an investigation into investment fraud...

33. Steele dossier acquittal highlights missing link in Cyprus

A Russian analyst was acquitted this week of accusations he provided false information that triggered an FBI probe against Trump, but a major takeaway from the trial pointed to Cyprus being a missing link in the investigation after insufficient evidence about an alleged source of the infamous Steele Dossier was not properly vetted...

34. Sanctioned Russian billionaire wins right to use his yacht on the French Riviera

A French court on Wednesday ordered the country's customs agency to release an impounded yacht owned by a Russian billionaire hit by European sanctions, due to procedural errors made during the seizure of the vessel....

35. Investigating Russian remittances to Mount Athos

The Money Laundering Authority is investigating suspicious money transfers from abroad to the individual accounts of monks on Mount Athos....

36. Cyprus to investigate billionaire’s missing millions

A lawyer for a Jewish billionaire says he is confident Cypriot authorities will investigate a complaint into whether a former Israeli army officer embezzled his client’s money on the island...

37. Cypriot video game designer denies links to malware found before Russian invasion

A 24-year-old videogame designer who runs his small business out of a home next to an old Cypriot church in a quiet suburb of Nicosia now finds himself entangled in a global crisis following the Russian invasion of Ukraine....

38. JP Morgan is first bank to enter the metaverse with a virtual 'Onyx lounge'

J.P. Morgan opened up an "Onyx lounge" in the metaverse on Tuesday, a virtual lounge in the blockchain-based world of Decentraland....

39. Credit Suisse faces money laundering charges in Bulgarian cocaine traffickers trial

Credit Suisse faced charges in a Swiss court on Monday for allowing an alleged Bulgarian cocaine trafficking gang to launder millions of euros, some of it stuffed into suitcases....

40. Safe pass arrest sheds light on giant loophole

A man at a local store in Limassol was arrested on Wednesday after police officers who asked to inspect his Safe Pass determined the document did not match his ID card, but not everyone is on the same page regarding secondary inspections at the door...

41. Police are warning citizens over fraudulent calls from abroad

Police are warning the public about fraudulent phone calls made to citizens that originate from outside the country but use local Cyprus telephone numbers....

42. Another case of cyber fraud

A 41-year-old businessman who allegedly paid $ 44,900 into a bank account, but which did not belong to a company with which he works, fell victim to cyber fraud....

43. Another 85 million by February if Cyprus meets deadline of key reforms

With the first 157m euros already paid in advance from the Cyprus Recovery and Resilience Fund, the country still has a long way to go to complete the reforms and investments required to unlock the next 85m euros which is due to be received in February 2022....

44. Police warn public about phony text messages

Police are warning the public against fraudulent text messages with links to Banking and Credit Institutions....

45. Jho Low wanted to be a Cypriot banker

A British investigative journalist told an audience in Nicosia that Cypriot-naturalized financier Jho Low had tried to use contacts with Kuwaitis to buy a bank on the island where the Malaysian fugitive could launder stolen money...

46. Cyprus’ passport committee issues final report

Over half of the golden passports approved by the President’s Cabinet in the Republic of Cyprus were illegal, a special committee has found, and it is now up to the attorney general to ascertain whether any ministers may have had fraudulent intent...

47. Folli Follie report unveils 17-year scam

The troubled Folli Follie company’s major shareholders, the Koutsolioutsos family, reaped the benefits of a well-orchestrated fraud scheme that lasted for at least 17 years, under the nose of the supervisory authorities, generating hundreds of millions of euros in profits, according to an audit report by PricewaterhouseCoopers. ...

48. EY Cyprus sponsors 3rd Anti-Fraud Conference

EY Cyprus has, once again, sponsored and participated in the 3rd Cyprus Anti-Fraud Conference, which was organised by IMH and the Cyprus Chapter of the Association of Certified Fraud Examiners (ACFE). The event was held online on Tuesday 15th December...

49. Police warn public about phony ATM messages

Police in Cyprus are warning the public to be on the lookout for suspicious text messages, saying scammers pretending to be bank employees are trying to trick people by telling them their debit cards have been blocked and need to be reauthorized...

50. Suspect arrested in college email probe

Law enforcement authorities have arrested a man in connection with online payment requests made to a number of international students who were registered at a private college in Nicosia...

51. Woman in white collar scheme not talking

Police investigators are fishing out more details in a while collar crime in Limassol, where a woman accused of embezzling over €1 million was said not to be cooperating with police...

52. Need for transparency on COVID-19 public spending

The Organisation for Security and Cooperation in Europe Parliamentary Assmebly’s (OSCE PA) Special Representative on Fighting Corruption Irene Charalambides, has called for the highest levels of transparency and good governance on COVID-19 related public expenditures....

53. Mixed reviews on anti-money laundering

A US State Department anti-money laundering report on Cyprus includes fewer negative references but still points to vulnerabilities in the island’s financial services and gaming sectors...

54. New Life in Cyprus of Russian Businessman after unfair seizure of Promsvyazbank

In 2017 Dmitry Ananiev was at the peak of his success. He and his brother Alexei owned a bank, an IT firm and an office complex overlooking the Moscow River. ...

55. Cyprus a central hub of European match-fixing network

An extensive and revealing report published in the Spanish news outfit El Confidencial identified Cyprus match-fixing as a central hub of European football corruption....

56. Woman gets seven years in white collar crime

A former employee at a credit union in eastern Nicosia has been sentenced to seven years in prison for financial crimes worth over half a million...

57. Pensioner suing convicted ‘fixer’ lawyer

A female pensioner, who was swindled out of 350 grand while seeking promotion in the civil service through a back-channel, is suing her former lawyer after he was sentenced to two years for defrauding her...

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

59. Police make headway in welfare fraud

Investigators are still trying to unravel a housing scam in Limassol that was set up to defraud state authorities by using people who were homeless and in need for help...

60. Bank employee arrested for stealing €185,000

A former bank employee has been arrested by Limassol police after an internal audit reportedly discovered suspicious patterns and anomalies in connection with customers’ bank accounts...