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Cryptocurrency is the primary method of money laundering according to Austrac
According to the Australian Transaction Reports and Analysis Centre (Austrac), organized crime groups are increasingly using...
Jan 4, 20233 min read
Cyprus's real estate sector will confront tough obstacles in 2023
In 2022, a year marked by uncertainty and global instability, the Council for Registration of Real Estate Agents took important steps to...
Jan 3, 20233 min read
In 2022, Cyprus achieved its goal of becoming a business centre.
According to the most recent data from the Business Facilitation Unit (BFU), which is overseen by the Ministry of Energy, Commerce, and...
Dec 30, 20223 min read
CYPRUS: Revenue from betting increased by 24% YoY in Q3 2022.
The gross betting revenue of class A and B receivers (land-based and online betting) increased by 24% year over year in the third quarter...
Dec 29, 20222 min read
Online bank license granted to investors in Israel.
An entrepreneurial company was granted a conditional license and control permit by Israel's banking regulator on Sunday to launch a new...
Dec 28, 20221 min read
For additional revenue streams, NFT developers diversify into real-world assets.
Best-selling online collectibles creators have reacted to a decline in the value of cryptocurrencies and digital assets by looking for...
Dec 27, 20224 min read
The Central Bank has launched a new effort to assist fintech startups
The Central Bank of Cyprus (CBC) announced the establishment of a new Innovation Hub in the field of financial technology (fintech) on...
Dec 21, 20222 min read
Telecom Ericsson Will Be Monitored For An Extra Year Following Us Breach of Corruption Settlement
The corporation breached a $1 billion deferred prosecution agreement with the Justice Department twice, allowing it to avoid criminal...
Dec 20, 20223 min read
The Qatar scandal causes Europe severe gas problems
With the EU trying to wean itself from Russian gas, the European Parliament corruption scandal demonstrates that there is no easy way...
Dec 19, 20223 min read
PCAOB announces "complete access" to Chinese company audit documents
In order to prevent the delisting of hundreds of Chinese public companies from American markets, the Public Company Accounting Oversight...
Dec 16, 20223 min read
With the European Parliament engulfed in the Qatari scandal, European democracy is "under attack."
According to Roberta Metsola, President of the European Parliament, European democracy is "under attack." President Metsola spoke...
Dec 14, 20223 min read
The Enablers Act, a major anti-money laundering law, is blocked by the US Senate
A crucial piece of legislation to reduce financial crime and corruption in the country has been blocked by the Senate, which is a blow...
Dec 13, 20224 min read
EU Parliament VP Kaili is accused of wrongdoing in the Qatar scandal investigation.
Eva Kaili, vice president of the European Parliament, and three other individuals were charged with corruption by Belgian prosecutors on...
Dec 12, 20223 min read
Finance ministers approve the Brussels AML package
EU member states endorsed Brussels' revised AML plan on Wednesday, supporting Commissioner Mairead McGuinness. It is noteworthy that the...
Dec 9, 20224 min read
Top compliance failures in 2022
Large banks that serve the military have anti-money laundering (AML) compliance issues, financial industry titans have been held...
Dec 7, 20225 min read
Criminals and sanctioned officials can "easily breach" anti-fincrime laws, according to new studies
According to a recent study, international financial restrictions intended to combat "dirty money" can be "easily breached" by criminals,...
Dec 5, 20222 min read
EU plans to use billions of sanctioned Russian funds to pay for Ukraine's reconstruction
The European Commission has proposed using billions in Russian assets that have been sanctioned to fund reconstruction in Ukraine. The...
Dec 1, 20222 min read
While Brussels attempt to make paper money transaction unappealing, Italian PM says "cash is king"
Giorgia Meloni, the new right-wing prime minister of Italy, wants more transactions to be made using cash rather than electronic money....
Nov 30, 20222 min read
Countries are gradually blocking access to companies' beneficial ownership information
Several countries have already blocked public access to their Registers of Beneficial Ownership. What are Cyprus' next steps? Following...
Nov 28, 20222 min read
Public beneficial ownership records are declared unconstitutional by the Court of Justice of the EU
In a major decision, the Court of Justice of the European Union declared today that the Fourth Anti-Money Laundering Directive's (4AMLD)...
Nov 23, 20223 min read
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