https://knews.kathimerini.com.cy/en/business/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....
https://knews.kathimerini.com.cy/en/business/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....
https://knews.kathimerini.com.cy/en/news/fiji-frees-cypriot-brothers-on-time-served
Two Cypriot brothers accused of money laundering through credit cards in Fiji have been released, with a court sentencing them to time served after spending two years in remand...
https://knews.kathimerini.com.cy/en/news/israeli-forex-boss-in-limassol-faces-extradition
The lawyers of a foreign exchange company boss in Limassol, who has been arrested in Cyprus in connection with a multimillion takedown of illegal online investments in Germany, have asked for more time before their client appears for his extradition hearing...
https://knews.kathimerini.com.cy/en/news/international-fraud-ring-dismantled
A criminal organization involved in cyber fraud in Europe has been dismantled...
https://knews.kathimerini.com.cy/en/business/internet-fraud-in-lim
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....
https://knews.kathimerini.com.cy/en/news/cyprus-must-meet-deadline-of-key-reforms-to-receive-the-next-85-million-from-the-eu
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....
https://knews.kathimerini.com.cy/en/news/police-warn-public-about-phony-text-messages
Police are warning the public against fraudulent text messages with links to Banking and Credit Institutions....
https://knews.kathimerini.com.cy/en/news/sneaky-accountant-admits-draining-company-funds
A woman in Limassol is promising to return stolen money after she was arrested on suspicion of forging company checks and signing them over to herself for a total over €315,000...
https://knews.kathimerini.com.cy/en/news/reporter-says-low-wanted-to-buy-a-cypriot-bank
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...
https://knews.kathimerini.com.cy/en/news/eu-ready-to-claw-back-stolen-funds
The European Public Prosecutor’s Office goes to work next week, after the Council gave the green light this week for the first supranational independent agency to begin investigating and prosecuting crimes against the EU budget...
https://knews.kathimerini.com.cy/en/news/state-drops-big-marriage-fraud-case
Police in Cyprus were distinctly furious this week after prosecutors dropped charges against nine suspects in a fake marriage case, with the Legal department arguing an amended law linking sham marriage to immigration violations was not retroactive...
https://knews.kathimerini.com.cy/en/news/cypriot-hacker-pleads-guilty-in-atlanta
A Filipino-Cypriot young man who was extradited to the United States last year on cyber crime charges has pleaded guilty after reaching a plea agreement with federal prosecutors...
https://knews.kathimerini.com.cy/en/news/fraud-suspected-in-arson-of-vacant-home
Police are trying to get to the bottom of an arson case, following a series of arrests including a couple whose home in Limassol was burglarized and damaged by fire last month...
https://knews.kathimerini.com.cy/en/news/fbi-offers-deal-to-cypriot-hacker
A young man known as the “Cypriot hacker” who was flown to the United States last summer to face trial, may have a deal after all, with reports saying Joshua Polloso Epifaniou is ready to enter a plea but it is unclear if he would need to do jail time halfway around the world...
https://knews.kathimerini.com.cy/en/news/al-jazeera-turns-attention-to-jho-low
Cypriot-naturalized citizen Jho Low, the Malaysian fugitive financier whose golden passports came under scrutiny last year, was back in the news this week after Al Jazeera published a video with actual voice recordings of 'the biggest fish' seeking a way out of the 1MDB colossal scandal...
https://knews.kathimerini.com.cy/en/news/passport-revocation-inquiries-move-forward
Cypriot authorities have identified seven individuals or foreign investors who could potentially be stripped of their Cypriot citizenship, after an internal probe pointed to forged documents or misleading information during the golden passport application process...
https://knews.kathimerini.com.cy/en/news/cyprus-police-looking-into-al-jazeera-document-leak
Cyprus law enforcement officials have been investigating since June 3 how the foreign media network Al Jazeera, that has this week published a series of articles and videos on the island’s citizenship-by-investment program, got hold of the leaked documents on which it built its exposé....
https://knews.kathimerini.com.cy/en/news/cyprus-golden-passports-under-more-scrutiny
A foreign investigative report says leaked documents from the Republic of Cyprus suggest the island’s government violated its own rules in granting “golden passport” citizenships, with Cypriot officials denying the accusations and raising credibility issues over the report...
https://knews.kathimerini.com.cy/en/news/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...
https://knews.kathimerini.com.cy/en/news/two-extradited-from-cyprus-to-face-us-justice
The Republic of Cyprus has extradited two alleged cyber criminals to the United States, including a young man who is the first Cypriot national to be extradited under an extradition treaty with the US...
https://knews.kathimerini.com.cy/en/news/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...
https://knews.kathimerini.com.cy/en/news/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....
https://knews.kathimerini.com.cy/en/news/attorney-general-weighs-in-on-casino-probe
The identity of foreign companies suspected of embezzlement of EU funds pumped into a casino project in Cyprus remains unknown, with the island’s legal department clarifying there is no evidence of local companies being involved in illegal activity...
https://knews.kathimerini.com.cy/en/news/cyprus-irked-over-mystery-casino-probe
The Republic of Cyprus is asking the European Anti-Fraud Office for more information into a probe of misuse funds, following reports that stolen EU money was pumped into a casino project on the island...
https://knews.kathimerini.com.cy/en/news/eu-investigators-follow-the-money-to-cyprus
Cyprus came on the European Anti-Fraud Office’s radar this week, after it emerged that money allegedly stolen from an environmental project was diverted to a casino project on the island...
https://knews.kathimerini.com.cy/en/news/mixed-reviews-for-cyprus-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...
https://knews.kathimerini.com.cy/en/business/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. ...
https://knews.kathimerini.com.cy/en/news/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....
https://knews.kathimerini.com.cy/en/news/embassies-warn-cyprus-over-fake-marriages
Cyprus is under harsh criticism from at least three foreign embassies that accuse the government and local municipalities of not doing enough to shut down a fake marriage industry...
