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511. CBC introduce sharper rules against the so-called “Shell and Letterbox Companies”

The central bank of Cyprus has redefined the definitions of the so-called “shell and letterbox companies”, in an attempt to tighten the directive for the prevention of Money Laundering and Terrorist Financing...

512. US probe of China's Huawei includes bank fraud accusations

513. Greece’s state controlled DEPA gas company buys out Shell stake

514. Cops warn of ‘nasty surprises’ from con artists

Police are urging the public to be cautious with their money transactions, following complaints that an unidentified male had been using fake €100 bills to purchase small items and get change too...

515. Greece's Eurobank to acquire Grivalia Properties

516. Bitcoin for payments a distant dream as usage dries up

517. Auditing and Renewable Sources of Energy in Cyprus

In a world where the focus is on ‘going green’ the role of renewable sources of energy is becoming increasingly significant. It would therefore be hard to ignore some of the initiatives set out by the European Union with regards to these renewable sources of energy...

518. New directive on shell companies improves anti-money laundering practices

519. Wanted - Scientist to feature on Britain's new 50 pound note

520. There is no economic bubble says Finance Minister

521. Freshfields Bruckhaus Deringer LLP choice unconstitutional

522. CySEC: Financial crime has no place in Cyprus

523. Another cop arrested in human trafficking case

Another cop has been arrested in connection with a human trafficking case, with a total of four police officers being suspended in connection with an illegal prostitution ring that made headlines last month...

524. Astrobank in talks to buy National Bank of Greece Cyprus unit

525. AXIA Ventures Group receives Global Finance 2018 award

526. Fitch Ratings upgrades Bank of Cyprus

527. Mandatory disclosure rules: the calm before the storm

It is a well-known fact that a storm is always preceded by a strange calm. This could be the perfect description of what is about to come, as a result of the latest changes adopted on May 25th of this year by the Council of the European Union...

528. Cyprus bond achieves best borrowing rate in Euro era

529. Sex trafficking suspects released until further notice

All five suspects in a recent sex trafficking case have been released from custody until further notice, as police investigators are pouring over bank accounts and telecommunications data to build the case...

530. Turkish Lira rallies as central bank raises interest rates to 24%

531. Hellenic mulls over selling delinquent loans

Hellenic Bank posted a €35 million net profit for the first half of 2018, with the bank’s CEO Ioannis Matsis stating that the bank is ready to launch a tender for the sale of a portfolio of non-performing exposures within the next six months...

532. Bank of Cyprus adds 24300 new retail accounts in August

533. British Airways suffers embarrassing data breach

Financial information of potentially hundreds of thousands of British Airways customers has been stolen, during a data breach affecting online payments made through the UK flagship carrier’s website...

534. Moody’s thumbs up to Bank of Cyprus bad loans sale

Moody’s credit rating agency says the recent sale of Non-Performing Loans by the Bank of Cyprus worth €2.8 billion is a positive step...

535. Bank of Cyprus gets rid of small business bad loans

The Bank of Cyprus says it has sold a portfolio of non-performing loans worth €2.8 billion to Apollo Global Management, a transaction that will reduce its stock of NPLs to €5.2 billion...

536. Bank of Cyprus CEO stays put through 2020

Bank of Cyprus CEO John Patrick Hourican will stay in his current position through the end of 2020, following a decision by the executive board at the largest lending institution in Cyprus...

537. Monaco Telecom takes over MTN Cyprus

Monaco Telecom is taking over MTN Cyprus in a €260 million deal that will set a new course for the Cypriot provider as a powerful member of its new European family...

538. Moody’s says BoC better off after UK sale

Rating Agency Moody’s has described the sale of Bank of Cyprus UK as credit positive, noting that the sale would place Bank of Cyprus in a better position to focus on reducing its domestic high stock of problematic loans...

539. Citizen Service Centres cancel Monday strike

The Citizen Service Centres around the island will not be closed Monday morning after all, but employees say they are swamped with MIG welfare recipients and so they will accept application forms but won't not answer MIG questions...

540. Greek Cypriot drivers cross north to fill ’er up

Greek Cypriot gas station owners are feeling the squeeze as many vehicle owners cross north to get petrol, causing up to 70% losses in the south...