European stocks expected to fare better

Asian stocks fell to one-month lows on Friday and the yen rebounded broadly as extreme volatility in the Nikkei kept investors on edge. MSCI's broadest index of Asia-Pacific shares outside Japan shed

IMF: Growth in Cyprus expected to resume in 2015

Growth in Cyprus is expected to resume in 2015, supported by a favorable international tax regime, a well-educated labor force and strong institutions IMF Communications Department Director Gerry Rice has said. Responding

The Cyprus Banks and Due Diligence

. The Risk Watch Column By Dr Alan Waring Mutual Recrimination In recent months, we have endured a deluge of brouhaha about alleged large scale money laundering through Cyprus banks. On the

Cyprus admits money laundering weakness in banks

The Cyprus government, facing harsh criticism from the German media and politicians since last September, over local banks’ ineffective controls of foreign-owned accounts, has admitted there are weaknesses and declared that it

Cyprus: Moneyval – Deloitte report on AML

CYPRUS – EFFECTIVE IMPLEMENTATION OF CUSTOMER DUE DILIGENCE MEASURES LEVEL OF IMPLEMENTATION OF PREVENTIVE MEASURES BY FINANCIAL INSTITUTIONS SUMMARY REPORT OF MAIN FINDINGS BY MONEYVAL AND THE INDEPENDENT AUDITOR (May 10, 2013)