28th March 2017
Cyprus’ reputation is taking a hammering abroad with past sins related to money laundering being rehashed and presented as current realities as US media dig deep to link the Trump administration with Russia. Read More
13th February 2017
An investment fund can be utilised by those seeking to launder money. Investment funds are particularly suitable for money laundering where a large sum of illicit money is already within the financial system. Read More
6th January 2017
An online trading platform which sponsors UFC star Conor McGregor has reportedly been fined under money laundering laws. Read More
4th November 2016
The Enforcement Directorate (ED) is probing a Rs 300-crore money-laundering racket involving a former chief minister and an NRI builder, who is developing a luxury residential project in central Mumbai. Sources told TOI that the politician is believed to have diverted Rs 300 crore from accounts maintained in tax havens… Read More
20th October 2016
A court in the United States ruled on Monday to disqualify lawyers representing a firm connected to the Magnitsky fraud case, after they had switched sides to defend a company accused of money laundering. The ruling by the US Court of Appeals for the Second Circuit instructed a court in… Read More
21st September 2016
Officials have said the corruption surrounding police issues is essentially a large part of the problem that inhibits their work, during a Parliamentary Institutions Committee meeting on Wednesday. Read More
6th September 2016
Ukrainian Prosecutor General Yuriy Lutsenko held a meeting with Attorney General of Cyprus Costas Clerides in Nicosia (Cyprus) and discussed cooperation between the law enforcement agencies of the two countries. The press service of Ukrainian Prosecutor General’s Office reported on Monday that Lutsenko said that the Memorandum of Cooperation between… Read More
3rd June 2016
Bank of Cyprus, the island’s largest lender, has enhanced its internal structures and processes in order to comply with stricter anti-money laundering regulations, which led to a drastic reduction of risky business, a bank source said. “Since the beginning of 2014, the entire Compliance function of our Group has undergone… Read More
12th April 2016
A delegation of members of the European Parliament’s Special Committee on Corporate Taxation II – or TAXE 2 – will visit Cyprus on Friday to look into the Cypriot corporate tax practice. Read More
8th April 2016
Ukraine's Cabinet of Ministers has asked the Verkhovna Rada to ratify amendments to the convention with Cyprus on avoiding double taxation and preventing tax evasion. Read More