https://knews.kathimerini.com.cy/en/news/russians-bypass-sanctions-in-occupied-areas
Russians are leveraging the occupied territories to evade sanctions imposed by the European Union and other Western entities in response to the conflict in Ukraine, according to an article from the Dutch newspaper Het Parool.
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https://knews.kathimerini.com.cy/en/news/cypriot-economy-shows-resilience-growth-outpaces-eu-average
The Governor of the Central Bank of Cyprus, Christodoulos Patsalides, has called on banks to consider the social dimension of their pricing policies......
https://knews.kathimerini.com.cy/en/news/cyprus-luxury-resort-tied-to-russia-s-$230m-magnitsky-scandal
Cypriot police are close to completing an investigation into allegations connecting a luxury resort to one of Russia’s biggest financial scandals, the Magnitsky case, according to police officials....
https://knews.kathimerini.com.cy/en/news/us-urges-tighter-oversight-of-cypriot-service-providers-to-combat-financial-crime
Cypriot accountants and lawyers are under pressure from U.S. authorities to align with banking standards in combating financial crime. ...
https://knews.kathimerini.com.cy/en/news/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.
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https://knews.kathimerini.com.cy/en/news/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....
https://knews.kathimerini.com.cy/en/news/u-s-financial-experts-visit-cyprus-to-tackle-money-laundering
A delegation of financial experts from the U.S. Department of the Treasury’s Internal Revenue Service Criminal Investigation (IRS-CI) will visit Cyprus from September 15 to September 19, 2024, for high-level discussions on money laundering and financial crime....
https://knews.kathimerini.com.cy/en/news/two-suspects-face-trial-over-metamax-pyramid-scheme-fraud
A 63-year-old and a 54-year-old have been referred to trial today before the Criminal Court in connection with the Metamax investment pyramid scheme.
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https://knews.kathimerini.com.cy/en/news/cyprus-banks-praised-for-stronger-sanctions-enforcement-by-us
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......
https://knews.kathimerini.com.cy/en/news/greek-police-disrupt-€26-million-vat-fraud-scheme
The Financial Police Directorate has dismantled a criminal organization involved in elaborate VAT fraud schemes, leading to significant financial losses for the state....
https://knews.kathimerini.com.cy/en/news/cypriot-bank-officials-to-present-aml-progress-in-u-s
Top officials from four major Cypriot banks are headed to the U.S. on Sept. 16 to present updates on their progress in anti-money laundering (AML) efforts, sanctions enforcement, and foreign account management. ...
https://knews.kathimerini.com.cy/en/news/putin-tries-to-help-trump-beat-harris-in-u-s-election-2024
Russia is intensifying its efforts to interfere in the 2024 U.S. presidential election, aiming to help Donald Trump defeat Vice President Kamala Harris, according to U.S. intelligence officials. ...
https://knews.kathimerini.com.cy/en/comment/opinion/it-s-a-cypriot-shipwreck
When the gold passport scandal began to emerge in the autumn of 2019, it quickly became clear that the naturalization of individuals like Joe Law was only the tip of the iceberg....
https://knews.kathimerini.com.cy/en/news/cyprus-crucial-to-global-security-says-us-ambassador
The U.S. Ambassador to Cyprus, Julie Fisher, stressed the significant role of Cyprus in regional and global security during her remarks at the Overseas Cypriots Conference in Nicosia. ...
https://knews.kathimerini.com.cy/en/business/1-july-newsletter-of-k-treppides-co-ltd-cyprus-securities-and-exchange-commission
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....
https://knews.kathimerini.com.cy/en/news/cypriot-neurosurgeon-sentenced-for-fraud
A Cypriot neurosurgeon has been sentenced to 32 months in prison for deceiving patients and defrauding the General Health System. ...
https://knews.kathimerini.com.cy/en/news/seven-arrested-for-drug-possession-and-illegal-employment-in-ayia-napa
Two individuals were arrested in Ayia Napa for drug possession, and another two were arrested for illegal employment during an operation conducted......
https://knews.kathimerini.com.cy/en/business/court-detains-suspect-in-metamax-pyramid-scheme
A 54-year-old man arrested in connection with the ''pyramid'' fraud scheme known as Metamax has been ordered detained for eight days by the Limassol District Court, according to proceedings held on Saturday, July 6th. ...
https://knews.kathimerini.com.cy/en/news/sweden-s-gang-war-reaches-greece-with-key-arrests
In September 2023, Sweden was rocked by a surge of 12 murders linked to a violent gang war over drug trafficking in cities like Uppsala and Umeå....
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, ...
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....
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....
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....
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......
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....
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....
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....
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....
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....
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. ...
