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1. FBI urges Cyprus to use digital tech in fight against financial crime

Cyprus is facing increasing pressure to overhaul its approach to financial crime and sanctions evasion, following the release of a crucial report from the FBI and the U.S. Department of Justice. ...

2. FBI delivers money laundering report on Cyprus. So what happens now?

After nine months of collaboration between the U.S. team and Cypriot authorities, the long-awaited FBI report on money laundering and sanctions evasion has finally reached the government. ...

3. March Newsletter of K. Treppides & Co Ltd - 11/03/2025

A new issue is out from the newsletter by K. Treppides & Co Ltd, a leader in financial advisory and consulting services with offices in three countries....

4. One in three short-term rental accommodations is illegal

5. Cyprus’ tax reform aiming for innovation, sustainability, and simplicity

A major tax reform is underway in Cyprus as part of the Tax Transformation Project, led by the Centre for Economic Research (CER) at the University of Cyprus. ...

6. How Abramovich evaded millions in taxes using Cyprus

A massive tax evasion scheme tied to Roman Abramovich’s superyachts has been uncovered, shedding light on how the Russian billionaire exploited Cyprus’ offshore business environment. Leaked documents reveal that from 2005 to 2012, Abramovich’s companies set up a fake yacht-leasing business in Cyprus to dodge EU taxes on his luxury vessels....

7. Mohamed Salem case: Acquitted on naturalisation charges

The Supreme Court on Thursday acquitted most of the defendants in a case involving irregularities in the Cyprus Investment Programme (CIP) related to the naturalisation of investor Mohamed Salem and his family....

8. Tobacco products worth €200,000 found hidden behind bird cages (PHOTOS)

Members of the Nicosia CID conducted a coordinated operation today between 7:00 AM and 5:00 PM....

9. Cyprus & Greece Market Overview: 2023-2024 and Projections for 2025 and Beyond

The market underwent significant changes from mid-2023 onwards due to several global and regional factors....

10. Finance Minister signs agreements on crypto and tax info sharing

Cyprus' Finance Minister, Makis Keravnos, has officially signed the Multilateral Competent Authority Agreements (MCAA) under the Global Forum of the Organization for Economic Cooperation and Development (OECD)....

11. Cyprus and Oman sign double taxation deal to boost trade and investment

The Republic of Cyprus and the Sultanate of Oman have signed a new agreement aimed at avoiding double taxation and preventing tax evasion....

12. A critical step for economic growth in Cyprus includes tax reform

Speaking at an Open Discussion Event organized by the G.R.M. Professional Training Center at the St. Raphael Resort in Limassol, under the theme “The Upcoming Tax Reform in Cyprus: Purpose, Guidelines, and Timelines,” the Minister announced that a comprehensive meeting is planned for early 2025....

13. Cyprus police enhance financial crime fighting with FBI training

Cyprus police are receiving specialized training to tackle financial crimes, including money laundering and sanctions evasion, with significant assistance from the U.S. Federal Bureau of Investigation (FBI)....

14. Cypriot society divided over Christodoulides’ high-profile visit with Biden

Last Sunday, as President Nikos Christodoulides faced internal scrutiny over his decision to address transparency in the institution's fund, managed by the First Lady, and the sudden transfer of Treasury Director General George Pantelis, an unexpected invitation made headlines....

15. Cyprus plans €10,000 cash limit to fight money laundering

According to Kathimerini's Pavlos Neophytou, the Cyprus government is considering a new law to cap cash transactions at €10,000 for buying goods and services, aiming to crack down on money laundering. ...

16. Cyprus and Netherlands finalize double taxation treaty for Curacao

Cyprus and the Netherlands have successfully concluded negotiations on a Double Taxation Treaty concerning Curacao, a Caribbean island that is part of the Kingdom of the Netherlands....

17. Calls to reduce fines for late UBO submissions in Cyprus

High fines have spurred companies in Cyprus to comply with the submission of beneficial ownership details to the Company Registrar's Beneficial Ownership Register. ...

18. IRS experts aid Cyprus in combating money laundering

In October 1931, notorious American gangster Al Capone was sentenced to 11 years in prison on five counts of tax evasion by the federal justice system, marking a pivotal moment in organized crime history in the U.S....

19. Cyprus banks praised by US for stronger sanctions enforcement

US sanctions imposed on entities and individuals in Cyprus are not targeting the country, but “oligarchs and arms traders” enabling “the Kremlin war machine” to continue the war in Ukraine......

20. Authorities stumped on declared cash

The question of the whereabouts of over 90 million euros in cash allegedly spent by travelers arriving in Cyprus through Larnaca and Paphos airports in the last 15 months remains unanswered by competent state authorities....

21. Occupied territories are a 'black hole' for illicit funds

The recent update to the US-UK sanctions list, active since last April and aimed at Russia, continues to scrutinize Cypriot-based entities suspected of violating the Russian embargo. ...

22. Cyprus and US forge anti-financial crime alliance

The Republic of Cyprus and the United States of America have announced a significant cooperation initiative aimed at enhancing the ROC's capabilities to combat illicit finance....

23. US sanctions Cyprus-based entity for Russian sanctions evasion

The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) announced sanctions on Monday against thirteen entities and two individuals, including one based in Cyprus, ...

24. COVID-19 JN.1 sub variant surpasses 3000 cases

Coronavirus outbreaks are increasing in Cyprus and Europe in general, following the emergence of the ''Omicron 2'' JN.1 sub variant....

25. CDC reports rapid spread of JN.1 subvariant, now dominant in the US

The JN.1 subvariant of COVID-19 has swiftly become the predominant strain in the United States, leading to a surge in new cases, according to the US Centers for Disease Control and Prevention (CDC)....

26. Cyprus and France seal the deal on tax cooperation

In a milestone development, Cyprus and France have solidified their commitment to combat double taxation through the signing of a renewed Convention on the Elimination of Double Taxation....

27. Cyprus-France convention breaks fiscal barriers

In a strategic maneuver to bolster economic collaboration, Cyprus and France are gearing up to sign a pivotal Convention on Monday in the capital city of Nicosia....

28. Hunter Biden indicted on tax charges amid intensifying legal woes

Hunter Biden, the son of President Joe Biden, faces new legal challenges as he was indicted on Thursday on nine tax charges in California. The charges, comprising three felonies and six misdemeanors, are in addition to federal firearms charges in Delaware....

29. DAC6 revisited through the prism of DAC8

The Directive on Administration Cooperation (''DAC'') has been amended multiple times since 2011 to allow for the automatic exchange of information across multiple fields of taxation....

30. Australia doesn't exist according to Bing

In a bizarre twist on Wednesday, Bing search results left some users questioning reality as the search engine boldly declared, "No," in response to queries about Australia's existence....