Search

151. 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. ...

152. Cypriot citizens 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. ...

153. Putin urges Dollar ditch, but asks summit guests for Dollars and Euros

Russian President Vladimir Putin is leading efforts to reduce global reliance on the US dollar by promoting "de-dollarization" at a summit with over 20 world leaders. ...

154. Bank of Cyprus shareholders moving at different speeds

CarVal Investors recently sold 3% of its 9.09% stake in Bank of Cyprus, sparking speculation that other shareholders may follow suit and sell their shares....

155. 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....

156. Fake $100 banknotes flood Cyprus

The Central Bank of Cyprus called on Monday for caution over the circulation of counterfeit US$ 100 banknotes in the market. ...

157. New app teaches teens money management

As technology continues to evolve, digital currency is becoming an increasingly integral part of modern life, making daily transactions easier, faster, and more accessible....

158. 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. ...

159. Cyprus to approve 100,000 electronic IDs for digital transition

The Council of Ministers is set to approve the purchase of 100,000 electronic ID cards during its meeting today at 11:00 a.m., President Nikos Christodoulides announced while speaking at the Digital Agenda Cyprus Summit, held at the Nicosia Municipal Theater....

160. Property sales in Cyprus hit €20.9M in August, Limassol leads with €5.4M home

The 10 most expensive property sales across Cyprus in August totaled €20.9 million, with the highest transaction being a house in Ayios Tychonas, Limassol, sold for €5.4 million, according to data from Ask Wire....

161. Bank of Cyprus shares surge 4.6% on first day back in Athens

Bank of Cyprus shares surged on their first day of trading at the Athens Exchange, reaching €5.00, marking a notable return to the Greek financial market after seven years....

162. 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. ...

163. Eurobank and India collaborate to create strategic business council

Mr. Ioannou raised concerns about whether the bank has a plan to maintain its strong profitability, which has largely come from rising interest rates......

164. Cyprus banks praised by US for stronger sanctions enforcement

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......

165. How digital wallets could simplify life in Cyprus

All modern states are required to develop their digital tools to better serve their citizens quickly and efficiently. ...

166. Bank of Cyprus considers selling JCC to Euronet

Changes are imminent in Cyprus' payment sector as discussions unfold regarding the sale of JCC Payment Systems Ltd to Euronet. JCC Payment Systems......

167. 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....

168. 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. ...

169. BoC Fintech Hackathon 5.0...where the fintech-nation begins

The Bank of Cyprus is organizing the 5th BoC Fintech Hackathon 5.0, focused on innovative technologies in the financial sector (Fintech), on October 18-20, 2024. It will be held in person at the IDEA Innovation Center....

170. Cyprus homebuyers favor apartments

Homebuyers in Cyprus are showing a growing interest in buying apartments, according to a new report. ...

171. The MyPetrolina App ''Drives'' You to Alphamega Hypermarkets!

172. Cyprus' Olympion joins leading K12 education group Globeducate

Globeducate announces the acquisition of Education Group OLYMPION School (Εκπαιδευτικός Όμιλος ΟΛΥΜΠΙΟΝ) near Nicosia in Cyprus, a group of Greek private schools with nearly 450 pupils aged 6 to 18 across Gymnasium, Lyceum and, from September 2024, Elementary stages....

173. Starlink's finances frozen in Brazil after legal conflict with Elon Musk's X

Brazil's top judge has ordered a freeze on the finances of Elon Musk's satellite internet service, Starlink, preventing the company from conducting financial transactions in the country....

174. Five arrested in Matthew Perry death

Five individuals, including two doctors, face federal charges related to the ketamine overdose death of actor Matthew Perry, ABC News has learned. The charges, filed Thursday, include conspiracy to distribute ketamine, distribution resulting in death, and possession with intent to distribute....

175. Paphos man loses €200,000 in online fraud scheme

Police are investigating a new online fraud case involving a large sum of money after a 67-year-old man reported being swindled out of €200,000. The complaint was filed today at the Paphos Police Station, according to Cyprus Police....

176. Limassol resident loses €30,000 in cryptocurrency scam

A 54-year-old resident of Limassol reported to the police yesterday that he was scammed out of €30,000 by an online scammer posing as a cryptocurrency investment advisor....

177. Limassol man duped out of €30,000 in cryptocurrency scam

178. Cyprus non-cash payment value hits €129 billion

Non cash payments in Cyprus in the second half of 2023 rose by 12% year on year to €129 billion with total transactions amounting to 152 million marking an annual increase of 15%, the Central Bank of Cyprus (CBC) has said....

179. 70% of Cypriots and Greeks choose card payments over cash

We are moving ever closer to abolishing cash for consumers and businesses....

180. Nicosia municipality embraces digital era, ends cheque payments

In a significant shift towards modernization, the Nicosia Municipality announced it will no longer accept cheque payments, urging residents to transition to electronic and card-based payment methods. ...