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571. CBC introduce sharper rules against the so-called “Shell and Letterbox Companies”

The central bank of Cyprus has redefined the definitions of the so-called “shell and letterbox companies”, in an attempt to tighten the directive for the prevention of Money Laundering and Terrorist Financing...

572. New directive on shell companies improves anti-money laundering practices

573. CySEC: Financial crime has no place in Cyprus

574. Opinion: Cyprus heaven bashing must end

575. SPP MEDIA signs Kaniklides for GDPR plan

SPP Media Group has signed a records management agreement with Kaniklides company in order to put together a plan that fully complies with the law on General Data Protection Regulation...

576. Russia, Iran and Turkey have different visions for Syria but all three face US sanctions

577. Announcement of Appointment of Director

The Management of K. Treppides & Co Ltd is pleased to announce the appointment of Mrs Maria Sourmeli as a Director of the Firm, with effect from 1st September 2018...

578. European corruption watchdog calls FYROM ‘disappointing’

The Council of Europe’s anti-corruption group says the performance of the Former Yugoslav Republic of Macedonia (FYROM) on preventing corruption is “clearly disappointing,” and is calling on authorities to take action....

579. ARIS celebrates six month anniversary

ARIS, which stands for A Really Inspiring Space, opened its doors to its first resident startups in February 2018. Last Monday, on the 6th of August, the achievements of those startups were celebrated during a summer networking event entitled “Creating Value Through Innovation, in an Ever Changing Global Environment”...

580. Security Council renews UNFICYP mandate

The Security Council authorized a six‑month mandate renewal for the United Nations Peacekeeping Force in Cyprus (UNFICYP) on Thursday, unanimously adopting resolution 2430 (2018)...

581. FYROM president vetoes name deal with Greece

The president of the Former Yugoslav Republic (FYROM), Gjorge Ivanov, said on Tuesday that he will not sign an accord settling a decades-old name dispute Greece and paving the way for the Balkan nation’s accession to the European Union and NATO....

582. Cyprus to crackdown on shell companies

The Central Bank of Cyprus has just made it harder for brokers to set up front companies on the island, following pressure from US officials who say more needs to be done to combat money laundering...

583. Conference on Funds & Cryptocurrencies, a success

A half day Conference with the subject of “Funds & Cryptocurrencies: The Development and the Technology” was successfully completed for a second consecutive year, on the 14th of June 2018 at the Four Seasons Hotel in Limassol...

584. Student arrested while delivering food to Paphos Immigration

Paphos immigration officers arrested a delivery guy from Bangladesh, after he had gone to their department to deliver a food order....

585. Turkey pays Greek Cypriot damages over property in north

Turkey has paid, through the Council of Europe, a Greek Cypriot non – pecuniary damages, plus legal expenses, in addition to VAT in the order of €14,526.75 in line with a European Court of Human Rights (ECHR) judgment...

586. CBD bank fined  €715,000 for non-compliance of anti-laundering rules

The Central Bank of Cyprus announced Tuesday that it has imposed a fine amounting to €715,000 on the Cyprus Development Bank Ltd due to non-compliance with anti-laundering laws and directives...

587. Battery charger for car toy withdrawn from the market

Authorities are warning the public that a battery charger under the name brand “Shortcut” is not suitable for European consumers and are urging consumers to discontinue any use immediately...

588. IMF projects Cyprus GDP growth to exceed 4% in 2018-19

According to the forecasts included in the WEO, based on previous assessments, the Cypriot economy is expected to record a growth rate of 3.6% in 2018 and 3% in 2019 - lower than last year's 4% and the IMF prediction...

589. Canadian company worked on software to find Republican voters

Wylie previously disclosed how users’ data from Facebook was used by Cambridge Analytica to help elect Donald Trump...