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12° Nicosia,
20 June, 2024
 

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Displaying results 1-30 of 273 matches for query laundering.

1. Avakoum abbot faces probe over €1.3 million in undeclared funds

https://knews.kathimerini.com.cy/en/news/avakoum-abbot-faces-probe-over-€1-3-million-in-undeclared-funds

Police Spokesman Christos Andreou announced that more arrests are possible and the Greek authorities may be called in to assist with investigations related to properties, ...

2. Archimandrite Nektarios arrested in Avvakoum Monastery probe

https://knews.kathimerini.com.cy/en/news/archimandrite-nektarios-arrested-in-avvakoum-monastery-probe

Police arrested 37-year-old Archimandrite Nektarios on Tuesday in connection with a financial scandal at the Holy Monastery of Saint Avvakoum in Fterikoudi....

3. Politico: Cyprus is the solution, not the problem

https://knews.kathimerini.com.cy/en/news/politico-cyprus-is-the-solution-not-a-problem

Despite its long-standing division, Cyprus is emerging as a crucial player in the Middle East, offering a stable platform for political, economic, humanitarian, and military operations, according to an article published today in Politico by Ivo Daalder....

4. Fake lawyer extorts €10,000 from Famagusta restaurateur

https://knews.kathimerini.com.cy/en/news/fake-lawyer-extorts-€10-000-from-famagusta-restaurateur

Police have arrested a 45-year-old resident of Nicosia in connection with an ongoing money laundering investigation involving false representations....

5. Cyprus wins IMF praise for strong recovery

https://knews.kathimerini.com.cy/en/news/cyprus-wins-imf-praise-for-strong-recovery

The International Monetary Fund (IMF) has praised Cyprus for its robust economic recovery and fiscal discipline, recommending continued efforts......

6. Laura Kovesi: ''There are no 'clean' countries in the EU

https://knews.kathimerini.com.cy/en/news/laura-kovesi-there-are-no-clean-countries-in-the-eu

The head of the EPPO (European Public Prosecutor's Office) and the first EU Prosecutor General, Laura Kövesi, spoke with ''K'' during her visit to Cyprus for an event organized by the Department of Legal Science at the University of Cyprus....

7. Combatting money laundering: Insights from Katerina Sikioti Charalambaki

https://knews.kathimerini.com.cy/en/business/combatting-money-laundering-insights-from-katerina-sikioti-charalambaki

Money laundering poses a significant threat to the EU's economy and society, with organized crime generating revenues of at least €139 billion annually, as emphasized by Katerina Sikioti Charalambaki, a professor and lawyer at the High Court of Justice....

8. Suspicious car in Limassol sparks police chase and drug bust

https://knews.kathimerini.com.cy/en/news/suspicious-car-in-limassol-sparks-police-chase-and-drug-bust

A 25-year-old man was arrested early Tuesday in Limassol on multiple charges including illegal drug possession, possession with intent to supply, money laundering, and traffic offenses, police said....

9. Cryptocurrency seized in Cyprus as fraud network unravels

https://knews.kathimerini.com.cy/en/news/cryptocurrency-seized-in-cyprus-as-fraud-network-unravels

A well-established international cryptocurrency fraud, dismantled recently, resulted in numerous victims and significant profits for a criminal network....

10. Cyprus bolsters anti-money laundering arsenal

https://knews.kathimerini.com.cy/en/news/cyprus-bolsters-anti-money-laundering-arsenal

The Cyprus government has reaffirmed its steadfast dedication to upholding international standards in combating money laundering and terrorism financing, as outlined in a press release by the Presidency of the Republic....

11. Former Central Bank Governor reflects on achievements and future plans

https://knews.kathimerini.com.cy/en/news/former-central-bank-governor-reflects-on-achievements-and-future-plans

In an exclusive interview with Andreas Kimitris of Kathimerini, former Cyprus Central Bank Governor Constantinos Herodotou delved into various aspects of his tenure and the hurdles encountered during his term. ...

12. CBC Governor faces toughest banking challenges yet

https://knews.kathimerini.com.cy/en/news/cbc-governor-faces-toughest-banking-challenges-yet

A new dawn breaks with the appointment of Mr. Christodoulos Patsalides as the Central Bank of Cyprus's new governor, heralding both promise and challenge....

13. Authorities stumped on declared cash

https://knews.kathimerini.com.cy/en/news/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....

14. Cabinet approves closer partnership with US to tackle financial crimes

https://knews.kathimerini.com.cy/en/business/cabinet-approves-closer-partnership-with-us-to-tackle-financial-crimes

Within a short period after Nicosia's announcement of closer cooperation with the US on money laundering issues, the Council of Ministers approved the signing of a memorandum of cooperation between the Cyprus Police and the FBI. ...

15. Where did all the declared cash go?

https://knews.kathimerini.com.cy/en/news/where-did-all-the-declared-cash-go

Director General of the Ministry of Finance, George Panteli, revealed to Parliament's Institutions Committee that between 2021 and March 2024, 1077 cash declarations, totaling 119 million euros, entered Cyprus via Larnaca and Paphos airports....

16. Lawyers challenge money laundering watchdog in Cyprus

https://knews.kathimerini.com.cy/en/business/lawyers-challenge-money-laundering-watchdog-in-cyprus

Establishing a system to oversee financial companies in Cyprus is proving tricky, according to an article written by Apostolos Tomaras. It all started when the US and UK slapped sanctions on Russia,...

17.  Limassol gallery faces alleged money laundering probe

https://knews.kathimerini.com.cy/en/business/limassol-gallery-faces-alleged-money-laundering-probe

The case file regarding alleged money laundering at a Limassol gallery was transferred to the Legal Service today, with two suspects released pending further investigations....

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

https://knews.kathimerini.com.cy/en/news/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. ...

19. Cyprus and US forge anti-financial crime alliance

https://knews.kathimerini.com.cy/en/news/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....

20. Money laundering allegations hit Spanish football: Officials arrested

https://knews.kathimerini.com.cy/en/news/money-laundering-allegations-hit-spanish-football-officials-arrested

The turmoil within Spanish football persists as police conducted a sweeping operation at the country's football federation offices, resulting in multiple arrests of key figures....

21. Lather, rinse, repeat

https://knews.kathimerini.com.cy/en/comment/opinion/lather-rinse-repeat

Everywhere we turn in Cyprus, the specter of money laundering looms large. It was an open secret for years that our banking system was complicit, resulting in repercussions from foreign authorities....

22. Limassol bust unveils alleged money laundering operation

https://knews.kathimerini.com.cy/en/news/limassol-bust-unveils-alleged-money-laundering-operation

In a targeted operation, Limassol's Organized Crime Unit (OPE) swooped in on a suspected money laundering operation, resulting in multiple arrests and the seizure of significant sums of cash....

23. Alleged accomplice arrested in €7.8M money laundering case

https://knews.kathimerini.com.cy/en/news/alleged-accomplice-arrested-in-€7-8m-money-laundering-case

Authorities in Cyprus have identified a potential accomplice in the high-profile money laundering case involving a 31-year-old Ukrainian woman. The woman,...

24. Over 100M euros has passed through Cyprus customs

https://knews.kathimerini.com.cy/en/news/over-100m-euros-has-passed-through-cyprus-customs

The Customs Department, along with the MOKAS and the Police, addressed the issue of money laundering controls in the Republic of Cyprus during a session held today by the Parliamentary Institutions Committee....

25. Cyprus entities hit by U.S. sanctions for alleged Al-Shabaab support

https://knews.kathimerini.com.cy/en/business/cyprus-entities-hit-by-u-s-sanctions-for-alleged-al-shabaab-support

The U.S. Treasury Department has announced sanctions on a transnational network involving entities and individuals from the Horn of Africa, the United Arab Emirates, and Cyprus for their role in facilitating the financing of the terrorist organization Al-Shabaab....

26. Robbery cover or money laundering saga?

https://knews.kathimerini.com.cy/en/news/robbery-cover-or-money-laundering-saga

A robbery in Limassol last week has taken a dramatic turn as law enforcement authorities suspect involvement in a black money laundering ring. ...

27. Police investigate possible staging in €420K robbery

https://knews.kathimerini.com.cy/en/news/police-investigate-possible-staging-in-€420k-robbery

In the ongoing investigation involving a 31-year-old woman and 420 thousand euros, Police spokesman Christos Andreou revealed on Tuesday's "Alpha Kalimera" show that there's still much work to be done....

28. Ukrainian woman's robbery unravels into money laundering investigation

https://knews.kathimerini.com.cy/en/news/ukrainian-woman-s-robbery-unravels-into-money-laundering-investigation

Investigations are intensifying at Police Headquarters regarding a startling case involving a 31-year-old Ukrainian woman who claimed to be a victim of a robbery in Germasogeia on Friday (01/03). ...

29. Spanish banks wary of Cypriot student accounts

https://knews.kathimerini.com.cy/en/news/spanish-banks-wary-of-cypriot-student-accounts

The impact of Cyprus being deemed a high-risk destination continues to reverberate even in European Union countries, with remnants of its troubled past lingering....

30. Cyprus to roll out 10-second euro transfers across banks

https://knews.kathimerini.com.cy/en/news/cyprus-to-roll-out-10-second-euro-transfers-across-banks

Over the next 18 months, Cyprus is poised to revolutionize money transfers, promising seamless transactions within 10 seconds from bank to bank....

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