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05 December, 2024
 

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Displaying results 1-30 of 300 matches for query money laundering.

1. Vietnamese tycoon can avoid death penalty by repaying $9 billion

https://knews.kathimerini.com.cy/en/news/vietnamese-tycoon-can-avoid-death-penalty-by-repaying-$9-billion

Truong My Lan, a 68-year-old property tycoon from Vietnam, has been sentenced to death for embezzling a staggering $27 billion in one of the country's largest fraud cases....

2. Cybersecurity and ICT risks emerge as leading drivers of operational risk

https://knews.kathimerini.com.cy/en/business/cybersecurity-and-ict-risks-emerge-as-leading-drivers-of-operational-risk

Geopolitical tensions have significantly increased operational risks, particularly in the areas of cyber and digital threats, as well as risks related to money laundering and sanctions compliance....

3. Court hands down stiff sentences in major extortion and embezzlement case

https://knews.kathimerini.com.cy/en/news/court-hands-down-stiff-sentences-in-major-extortion-and-embezzlement-case

In a significant move against financial crime, the Criminal Court in Larnaca has handed down tough sentences to two men involved in an elaborate scheme of extortion, embezzlement, and money laundering. ...

4. Cyprus reunification 'off the table', says former U.S. Ambassador, warns Europe not to rely on U.S.

https://knews.kathimerini.com.cy/en/news/cyprus-reunification-off-the-table-says-former-u-s-ambassador-warns-europe-not-to-rely-on-u-s

A statesman, a diplomat, and a patriot, John Koenig is the epitome of dedication to service and diplomacy. With a career spanning over three decades, he has served in pivotal roles across the globe, from his time as U.S. Ambassador to Cyprus from 2012 to 2015 to his earlier postings in Belgium, Greece, Indonesia, Italy, and the Philippines. ...

5. Cyprus police enhance financial crime fighting with FBI training

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

6. 76-year-old scammed out of €145,000 by fake UN major

https://knews.kathimerini.com.cy/en/news/76-year-old-scammed-out-of-€145-000-by-fake-un-major

A 76-year-old woman has fallen victim to an online scam that drained €145,000 from her bank accounts, prompting a police investigation into the incident. ...

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

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

8. Ex-Transport Minister and associates headed for trial

https://knews.kathimerini.com.cy/en/news/ex-transport-minister-and-associates-headed-for-trial

Former Transport Minister Marios Demetriades and nine other individuals, including his relatives and two companies, are set for trial in Cyprus’ top court on charges linked to the controversial Cyprus Investment Programme (CIP)....

9. Church and nightclub owners under investigation for embezzlement and money laundering

https://knews.kathimerini.com.cy/en/news/church-and-nightclub-owners-under-investigation-for-embezzlement-and-money-laundering

A significant investigation has been launched into allegations of embezzlement and money laundering involving two high-ranking officials from the Catholic Church of Greece and five nightclub owners in the Peloponnese region. ...

10. Cypriot citizens linked to $75 million money laundering probe in the French Riviera

https://knews.kathimerini.com.cy/en/news/cypriots-linked-to-$75-million-money-laundering-probe-in-the-french-riviera

French authorities have seized about $75 million worth of real estate and luxury cars in the French Riviera as part of a money-laundering investigation involving two Russian businessmen who hold Cypriot citizenship, according to a published report on the OCCRP.org website. ...

11. Spike in suspicious transactions as Cyprus freezes over €25 million in illicit assets

https://knews.kathimerini.com.cy/en/business/spike-in-suspicious-transactions-as-cyprus-freezes-over-€25-million-in-illicit-assets

Reports of suspicious transactions in Cyprus have risen sharply in 2023, reaching levels similar to those in 2021, as per a story by Kathimerini's Dorita Yiannakou....

12. French Court clears Cyprus in $1.4 billion FBME Bank case

https://knews.kathimerini.com.cy/en/news/french-court-clears-cyprus-in-$1-4-billion-fbme-bank-case

France’s highest court has brought an end to the $1.4 billion legal battle over the resolution of FBME Bank, ruling that the Central Bank of Cyprus (CBC) acted prudently and did not breach any obligations under a bilateral investment treaty between Cyprus and Lebanon....

13. Russians bypass sanctions in occupied areas

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. ...

14. Cypriot economy shows resilience, growth outpaces EU average

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......

15. Cyprus’ luxury resort tied to Russia’s $230M Magnitsky scandal

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....

16. US urges tighter oversight of Cypriot service providers to combat financial crime

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. ...

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

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. ...

18. IRS experts aid Cyprus in combating money laundering

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....

19. US financial experts visit Cyprus to tackle money laundering

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....

20. Two suspects face trial over Metamax pyramid scheme fraud

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. ...

21. Cyprus banks praised by US for stronger sanctions enforcement

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......

22. Greek police disrupt €26 million VAT fraud scheme

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....

23. Cypriot bank officials to present AML progress in U.S.

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. ...

24. Putin tries to help Trump beat Harris in U.S. Election 2024

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. ...

25. It's a Cypriot shipwreck!

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....

26. ''Cyprus crucial to global security,'' says US Ambassador

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. ...

27. July Newsletter of K. Treppides & Co Ltd: Cyprus Securities and Exchange Commission

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....

28. Cypriot neurosurgeon sentenced for fraud

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. ...

29. Seven arrested for drug possession and illegal employment in Ayia Napa

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......

30. Court detains suspect in Metamax pyramid scheme

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. ...

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