By Stelios Orphanides
The Nicosia district court has rejected the Central Bank of Cyprus’s application to appoint a liquidator at the Cyprus branch of Tanzania’s FBME Bank Ltd, two sources familiar with the matter
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By Stelios Orphanides
Bank of Tanzania said that it withdrew the banking licence of FBME Bank Ltd discontinued its operations and placed it
By Mathieu Rosemain and Matthias Blamont
Emmanuel Macron was elected French president on Sunday with a business-friendly vision of European integration, defeating Marine Le Pen, a far-right nationalist who threatened to take France out
By Stelios Orphanides
US authorities have not requested Cyprus’s assistance in investigating allegations concerning financial transactions in Cyprus by advisers of US president Donald Trump, including Paul Manafort, a Cypriot official said.
The US
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By Stelios Orphanides
A court in Bermuda on Friday ordered the liquidation of Saab Financial (Bermuda) Ltd, a company associated with the owners of the Tanzanian lender FBME
By Sybille de La Hamaide and Matthias Blamont
Centrist Emmanuel Macron took a big step towards the French presidency on Sunday by winning the first round of voting and qualifying for a May 7
By Stelios Orphanides
Chris Iacovides, the special administrator of the Cyprus branch of Tanzania’s FBME Bank Ltd, said he considers himself entitled to participate in proceedings at German courts as he was the only
By Stelios Orphanides
A US court rejected a motion by Tanzanian FBME Bank against a 2015 measure taken by the Financial Crime Enforcement Network (FinCEN) barring the lender from engaging in transactions in the
By Stelios Orphanides
The Cypriot branch of FBME Bank, the Tanzanian lender which US authorities described as of “primary money laundering concern”, is implicated in a money laundering case involving an Indonesian bank, the
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By Stelios Orphanides
The reluctance of Lawrence Mafuru, the statutory manager appointed by Tanzanian authorities at FBME Bank, to cooperate with the administrator of the bank’s Cyprus branch puts
By Stelios Orphanides
Lawmakers of the parliamentary watchdog committee decided on Thursday to cancel a debate scheduled for today on FBME Bank, following a joint intervention by Attorney General Costas Clerides and Central Bank
By Stelios Orphanides
The value of dishonoured cheques rose an annual 13 per cent to €415,140 in the first three months of the year as their number dropped, the Central Bank of Cyprus said.
By Stelios Orphanides
Neither US President Donald Trump’s former adviser Paul Manafort nor any member his administration are included among its politically exposed customers, the Bank of Cyprus, the island’s biggest lender, said on
By Stelios Orphanides
The Ministry of Justice said that Cyprus has received no request by authorities in the US or elsewhere for legal assistance in investigating a case related to the activities of Paul
By Stelios Orphanides
Lawrence Mafuru, the person appointed by Tanzanian authorities as statutory manager at FBME Bank and is considered uncooperative in Cyprus, blamed the Central Bank of Cyprus for the delay in refunding
By Stelios Orphanides
The Republic of Cyprus and the UK will have to renegotiate aspects concerning every-day life in the British Bases governed by Protocol 3 of Cyprus EU accession treaty after British prime
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By Stelios Orphanides
Paul Manafort, the former head of US President Donald Trump’s campaign, is linked with up to 10 Cypriot companies that maintained bank accounts, which were
By Stelios Orphanides
Investigations into the ties of US president Donald Trump’s team with Russia have diverted media attention to Cyprus, with US authorities probing his former campaign manager Paul Manafort and media questioning
By Stelios Orphanides
Cypriot banks and companies registered in Cyprus are involved in one of the world’s largest financial fraud schemes which allowed criminals to launder more than $20.8bn (€19.2bn) from Russia, a joint
