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/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/russian-tech-professionals-flock-to-cyprus-despite-sanctions
A recent study by the PACE think tank has underscored the profound transformation of Cyprus' economy amid Western sanctions and the aftermath......
https://knews.kathimerini.com.cy/en/news/cyprus-cancels-russian-billionaires-passports-from-christofias-era
Cyprus has revoked the citizenship of two high-profile Russian oligarchs who were naturalized during the presidency of Demetris Christofias. ...
https://knews.kathimerini.com.cy/en/comment/opinion/labor-shortage-hits-antiparos-island
The small Aegean island of Antiparos is in a fever of preparations for the summer’s tourism miracle. ...
https://knews.kathimerini.com.cy/en/news/hungarian-government-insider-alleges-corruption-cover-up
Former Hungarian government insider turned oppositionist Peter Magyar released an audio recording on Tuesday, alleging top officials conspired to cover up corruption, adding a new layer to a scandal that has rocked Prime Minister Viktor Orbán's political stronghold....
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....
https://knews.kathimerini.com.cy/en/news/farmers-rev-up-tractors-in-protest-against-eu-agricultural-policies
In the third such demonstration within eight months, Cypriot farmers steered their tractors through city streets, protesting against what they perceive as the European Union's misguided policies in the common agricultural policy....
https://knews.kathimerini.com.cy/en/news/no-more-golden-passports-amidst-money-laundering-concerns
In a candid exchange, Cyprus's President, Nikos Christodoulides, responded to concerns raised by Ukrainian MP Oleksiy Goncharenko regarding the alleged use of Cyprus by Russian oligarchs for money laundering....
https://knews.kathimerini.com.cy/en/news/uk-and-cyprus-to-strengthen-global-collaboration
The UK Foreign, Commonwealth and Development Office Director General for Europe, Peter Wilson and the Republic of Cyprus Ministry of Foreign Affairs Permanent Secretary, Kyriacos Kouros chaired the first annual review of the UK-Cyprus Memorandum of Understanding....
https://knews.kathimerini.com.cy/en/news/fbi-takes-center-stage-in-cyprus-confidential-investigation
In a significant development, a specialized FBI team is set to land in Cyprus shortly, marking a collaboration with local authorities in investigating Cyprus Confidential....
https://knews.kathimerini.com.cy/en/news/decoding-the-secrets-of-confidential-oligarch-deals
Hours before Cyprus faced criticism in the European Parliament for alleged involvement of Cypriot companies in the movement of funds for Russian oligarchs, officials in Nicosia defended their reputation.
...
https://knews.kathimerini.com.cy/en/comment/opinion/the-honest-state
Whenever Cyprus becomes the focus of an international journalistic investigation, the perception within the media, political circles, and civil society follows a familiar pattern: initial anticipation or curiosity, followed by a few days of discussion about the country's reputation and questionable practices. ...
https://knews.kathimerini.com.cy/en/news/icij-shakes-up-european-parliament
The findings of the Cyprus Confidential investigation by the International Consortium of Investigative Journalists (ICIJ) will be discussed on Wednesday during the Plenary of the European Parliament which will be held in Strasbourg, in the presence of representatives of the Commission and the Council of the EU....
https://knews.kathimerini.com.cy/en/news/guardian-russian-money-flows-without-questions-in-the-occupied-territories
In the Turkish-occupied northern Cyprus, an influx of Russian speakers, particularly from the former Soviet Union, has turned the area into a real estate hotspot. ...
https://knews.kathimerini.com.cy/en/news/abramovich-tied-to-putin-s-wallets-in-cyprus-scandal
The fallout from the "Cyprus Confidential" probe implicating Cyprus in dealings with Russian oligarchs continues to send shockwaves. Leaked documents obtained by the BBC expose a money trail connecting oligarch Roman Abramovich to individuals referred to as President Vladimir Putin's 'wallets.'...
https://knews.kathimerini.com.cy/en/business/leaked-documents-expose-payments-of-german-journalist-through-cyprus
In a joint investigation by Der Spiegel magazine and German public television ZDF, conducted in collaboration with the International Consortium of Investigative Journalists under the project ''Cyprus Confidential,''...
https://knews.kathimerini.com.cy/en/news/pwc-s-secret-dance-with-russian-oligarchs-revealed
Another episode is unfolding that stains Cyprus' name on a global scale. This time, it's not about the Naturalization Program or "golden passports" but centers on sanctions imposed on Russian oligarchs since Russia invaded Ukraine in February 2022....
https://knews.kathimerini.com.cy/en/news/cyprus-confidential-unveils-scandalous-financial-ties
The ICIJ investigation reveals that PwC Cyprus collaborated with at least 12 Russians under Western sanctions, aiding in wealth transfer during Russia's annexation of Crimea and the Donbass war....
https://knews.kathimerini.com.cy/en/news/cyprus-gears-up-for-icij-bombshell-on-russian-ties
The government is on high alert due to the announcement of a documentary by the ICIJ on the Cypriot Investment Program and its relations with Russian oligarchs....
https://knews.kathimerini.com.cy/en/business/russian-tycoons-secure-bargains-as-multinationals-retreat
In the post-Ukraine war era, a unique trend is shaping Russia's business landscape. Big Western players like McDonald's, Ball Corp., and Henkel AG made a swift exit, leaving behind a $21 billion void. Enter a new generation of Russian business leaders, seizing opportunities amidst the multinational exodus....
https://knews.kathimerini.com.cy/en/comment/opinion/turkey-the-most-unreliable-ally-of-the-west
The latest developments in the Middle East after the terrorist actions of Hamas and the reaction of Israel have proven once again that Turkey does not want and does not belong to the Western alliance. Tayyip Erdogan’s decision to align himself with the extremist Islamists of Hamas and Iran clearly shows where the country is heading....
https://knews.kathimerini.com.cy/en/comment/opinion/unmasking-jack-straw-s-biased-agenda-in-cyprus-problem
In an article published in Politico, former British Foreign Secretary Jack Straw suggested dividing Cyprus. He argues that Britain, which guarantees the independence and territorial integrity of the Republic of Cyprus, cannot achieve a two-state solution on its own. ...
https://knews.kathimerini.com.cy/en/news/greece-tops-billionaires-mediterranean-getaways
Greece is this year's number one destination for billionaires in the Mediterranean, surpassing Italy, which traditionally was their top choice. However, according to the travel planners for the 1%, billionaires no longer want to go to Mykonos....
https://knews.kathimerini.com.cy/en/news/finmin-underlines-the-importance-of-disciplined-policy
The contact circle with the banks has not been completed, and there will be a new one to adopt measures that will provide relief to borrowers regarding the increased interest rates....
https://knews.kathimerini.com.cy/en/comment/opinion/restoring-a-wounded-reputation
Last March, a publication by the Financial Times revealed the move of three shareholders of PWC Cyprus to resign from the audit firm and establish the company Kiteserve. ...
https://knews.kathimerini.com.cy/en/business/cyprus-banks-strict-adherence-to-sanctions-worries-legitimate-entities
Banks have become cautious regarding sanctions imposed by the USA, EU, and UK, and they are not willing to take any risk in serving individuals or entities in Cyprus who are subject to sanctions....
https://knews.kathimerini.com.cy/en/business/rights-violations-raise-concerns-amid-sanctions
The Pancyprian Bar Association has expressed growing concerns over the violation of fundamental rights of both individuals and legal entities affected by the recent restrictive measures and sanctions imposed on April 12, 2023....
https://knews.kathimerini.com.cy/en/news/non-compliance-with-us-sanctions-bad-says-cbc-governor
No impact to financial stability has been recorded so far by the US and UK sanctions against Cypriot persons and entities for assisting Russian sanctioned nationals apart from Cyprus’ credibility, Governor of the Central Bank of Cyprus Constantinos Herodotou said on Wednesday, noting that non-compliance would pose 'very negative consequences to the economy'...
https://knews.kathimerini.com.cy/en/business/it-s-surprising-how-little-was-frozen
Upon his arrival at Larnaca airport last Wednesday, Justice Commissioner Didier Raeder brought with him two pressing questions. Firstly, how is it that a country like Cyprus, which has been heavily infiltrated by Russian capital for several years, has only managed to freeze a mere 104 million euros worth of assets belonging to oligarchs under EU sanctions?...
