By Stelios Orphanides
The state-owned Cyprus Cooperative Bank has agreed to temporarily suspend its decision to fire 17 of its workers who failed to service their loans hours after it was confronted with the
By Stelios Orphanides
Transparency International, the global anti-corruption watchdog, promoted Cyprus to rank 42 in its 2017 Corruption Perception Index from 45 the year before as the island improved its score from 55 to
By Stelios Orphanides
Bank workers’ union Etyk said that it may resort to strike action to protest the dismissal of an unspecified number of Cyprus Cooperative Bank employees not servicing their non-performing loans.
“Our
By Stelios Orphanides
The non-governmental organisation (NGO) Transparency International has denied official membership status to its Cypriot branch due to fundamental disagreements regarding anti-money laundering work, prompting anger from members in Cyprus.
By Stelios Orphanides
The Nicosia District Court has delayed a scheduled February 12 hearing to the end of the month in the case of Hermitage Capital founder Bill Brower against Cyprus.
On February 28
By Stelios Orphanides
A legal storm is brewing around several entities and individuals, based in various jurisdictions around the world, implicated in an alleged massive money laundering case also related to the acquisition of
(Adds statement by Cypriot MEP Takis Hadjigeorgiou in sixth paragraph)
By Stelios Orphanides
A group of members of the European Parliament (MEPs) have strongly criticised sections of the Cypriot media for implicating whistleblower Maria
By Stelios Orphanides
The Nicosia District Court on Monday extended the government’s deadline to file an objection against the request of Hermitage Capital founder Bill Browder to submit a supplementary affidavit, a government lawyer
By Stelios Orphanides
Cyprus has no request for legal assistance in the case of Maria Efimova, the slain Maltese journalist’s source, who has also expressed fear for her life, a ministry of justice and
By Stelios Orphanides
Maria Efimova, the former Pilatus Bank employee and source of the slain Maltese journalist Daphne Caruana Galizia, said that she has applied for political asylum in an unspecified European Union country.
(Changes in wording first and second paragraphs)
By Stelios Orphanides
Maria Efimova, the source for murdered Maltese investigative journalist Daphne Caruana Galizia, and for whom members of the European Parliament (MEPs) last month
By Stelios Orphanides
Numbers of bank robberies rose last year after a two-year hiatus, showing that there is need for more security measures against this type of crime.
According to official police figures, bank
By Stelios Orphanides
President Nicos Anastasiades told members of the European Parliament (MEPs) in a recent letter that their concerns about Cyprus neglecting its obligations in tackling money-laundering as a European Union member were
By Sarah N. Lynch
U.S. President Donald Trump’s former campaign manager Paul Manafort faced a new legal headache on Wednesday after a Cyprus-based company tied to a Russian oligarch sued him and his business
By Stelios Orphanides
The Nicosia District Court on Monday extended a temporary order freezing up to $820m (€685m) in assets in the possession of Ukrainian oligarch Rinat Akhmetov and nine other individuals and entities,
By Stelios Orphanides
Two Ukrainian oligarchs acquired Cyprus’s Quickpace Ltd, a company with $160m (€133m) in illicit frozen assets controlled by Ukraine’s ousted president Viktor Yanukovych, Aljazeera reported on Sunday.
The two men were
By Stelios Orphanides
The Central Bank of Cyprus said that it fined the Cyprus branch of Jordan Ahli Bank €352,980 for the bank’s failure to comply with the provisions of the anti-money laundering rules.
By Stelios Orphanides
Personal data protection commissioner Irini Loizidou-Nicolaidou said that banks need to adhere to the provisions of the data protection law when they sell financial facilities to third parties, the Cyprus News
By Stelios Orphanides
Days after the US added more names to the Magnitsky sanctions list, Russian officials are stepping up pressure against Cyprus and the EU with public interventions.
On Sunday, Russia’s foreign minister
(Adds background in seventh paragraph)
By Stelios Orphanides
The director of CRI Group, whose Nicosia offices were damaged by a bomb explosion on Sunday said the incident was related to a foreclosure and accused
