News Cyprus Financial: Cyprus and the US double down on a joint effort to combat financial crimes with more training
Cyprus and the U.S. said Monday that they’re doubling down on a joint effort to crack down on illicit finance with additional training of Cypriot law enforcement authorities to identify, investigate and prosecute financial crimes. An “ambitious” plan for the next year will involve 21 weeks of training for different Cypriot law enforcement agencies on financial investigative and forensic accounting techniques, as well as the use of technology in investigations, both locally and at the International Law Enforcement Academy (ILEA) in Budapest, Hungary, according to a joint statement. The plan adds to an initiative launched 20 months ago by the U.S. Department of Justice and the FBI to boost Cyprus’ financial crime-fighting capabilities following a pledge by Cypriot President Nikos Christodoulides to clean up the island nation’s sullied reputation as a money laundering and sanctions evasion hub.
News Cyprus Financial: Regulation could give Cyprus an edge as financial centre, expert says
Cyprus could strengthen its position as an international financial centre by using its European regulatory framework as a competitive advantage rather than treating regulation simply as a cost, according to Kyriacos Antonaki, Head of AML & Compliance at KENDRIS Capital Limited. In an analysis published by the Cyprus Investment Funds…
News Cyprus Financial: Turkey's president unwavering on two-state policy to resolve Cyprus' ethnic division
NICOSIA, Cyprus (AP) — Turkey’s president said Monday that any deal resolving Cyprus’ nearly half-century ethnic division must be based on recognition of a breakaway Turkish Cypriot state in …
News Cyprus Financial: Cyprus labors to shield reputation amid new U.S., U.K. action on Russian ‘sanctions evasion network’
For Cypriots, it was a collective "here we go again" moment. In April, the U.S. and the U.K. included a handful of Cypriot nationals and Cyprus-registered companies on a list of "enablers" helping Russian oligarchs skirt sanctions. It was an unwelcome reminder of the lingering perception that the island nation somehow remains Moscow's financial lackey.
News Cyprus Financial: Bank of Cyprus Holdings PLC
1 Day BOCH 2.07% DJIA 0.38% S&P Mid Cap 400 1.14% Financial Services 0.77% The Price to Earnings (P/E) ratio, a key valuation measure, is calculated by dividing the stock's most recent closing price ...
News Cyprus Financial: Average score for financial literacy in Cyprus below OECD minimum
There is a correlation between financial literacy and financial stability, according to experts taking part at the International Conference on Financial Literacy and Education in Cyprus organised by the Central Bank in Limassol, on Friday. Governor Constantinos Herodotou, in his opening address said studies indicate that poor financial decision-making preceded financial crises…
News Cyprus Financial: Cyprus scores 94.4 in World Bank’s Women, Business and the Law index
Cyprus scores 94.4 out of 100 in the World Bank's Women, Business and the Law index for 2023, it emerged on Sunday. The Women, Business and the Law 2023 report assesses 190 countries laws and regulations in eight areas related to women’s economic participation: mobility, workplace, pay, marriage, parenthood, entrepreneurship,…
News Cyprus Financial: Is Cyprus A Good Country To Move To?
Venus, the Goddess of Love… Later immortalized in the painting by Botticelli… “Love” has been part of the lexicon of Cyprus since ancient times… The Mediterranean island has been fought over by men ...
News Cyprus Financial: Bank Of Cyprus Announces Preliminary Group Financial Results For 2022
Bank of Cyprus on Monday announced its Preliminary Group Financial Results for the year ended 31 December 2022 along with its Updated Financial Targets. Commenting, Panicos Nicolaou, Group Chief ...
News Cyprus Financial: Bank of Cyprus sees brighter future a decade after financial crisis
Bank of Cyprus has "the wind in its sails" and has upgraded its guidance for 2023 after exceeding targets last year, its chief executive officer said, a decade after the island's biggest lender came close to collapse.
News Cyprus Financial: Cyprus makes ‘some progress’ in fighting money-laundering
Cyprus has made some progress in combatting money laundering and the financing of terrorism but has not fully complied to the new financial action task force (FATF) requirements, the Council of Europe ...
News Cyprus Financial: Cyprus progress against money laundering
Cyprus has made some progress on fighting money laundering but more work is needed according to a follow-up report by Moneyval ...
