Prevezon Holdings Limited, a Cyprus-based company, agreed on Friday to pay US$5,896,333.65 to the US Treasury to settle a money laundering and civil forfeiture action uncovered by the deceased Russian lawyer
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.
An online trading platform which sponsors UFC star Conor McGregor has reportedly been fined under money laundering laws.
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.
Ukrainian Prosecutor General Yuriy Lutsenko held a meeting with Attorney General of Cyprus Costas Clerides in Nicosia (Cyprus) and discussed
Bank of Cyprus, the island’s largest lender, has enhanced its internal structures and processes in order to comply with stricter
Regulators the world over are stepping up the war against financial crime, issuing a raft of rules and hitting banks with some serious penalties. Despite these efforts, it’s still not uncommon to hear of financial ...
Susan has been making her living from crime for over twenty years. She provides anti-money laundering training and advice to the regulated community in the UK, Guernsey, Jersey, the Isle of Man and Gibraltar, ...
Catalan President Carles Puigdemont’s declaration to suspend independence on Tuesday may have disappointed the ‘Catalexit’ camp, but a move to immediately break away from Spain would have triggered insurmountable challenges, including financial regulatory obstacles. Addressing Cataln’s ...
Despite all of the best efforts by regulators, clients and even the banks themselves, bank fraud still goes on. A report by the UK’s National Audit Office (NAO) claims that banking fraud is still rising ...
9 October 2017 KYC360 News The United States has lifted key sanctions on Sudan, ending more than two decades of economic restrictions with the North African state. The revocation, which will be effective as of 12 October, is ...
Global consultancy firm McKinsey has admitted that it found violations of its professional standards, as its probe into the firm
The journalist who led the Panama Papers investigation into corruption in Malta was killed on Monday in a car bomb
The European Union on Monday ratcheted up pressure on North Korea (DPRK) over its nuclear, imposing fresh restrictions aimed crippling
Ernst & Young has been hit with a £2,75 million penalty, reduced to £1,8m, for misconduct in the audit of