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) Pursuant to the tasks listed in the terms of reference for the third party Anti-Money Laundering (“AML”) audit of the effective implementation of
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* The score: Elena Ambrosiadou 2 – Martin Coward 0 * Less than two years after a Limassol court upheld the island’s reputation as being safe for IP rights, a court in England has also found that the intellectual property of the high-speed trading software in question belongs to the company and thus, the co-author
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AIM-listed Dolphin Capital and Paphos-based Aristo Developers announced the sale for 290mln euros of all their joint interest in the Venus Rock Golf Resort project to an unnamed Hong Kong-based real estate investment group. The government is expected to net a significant amount of the 9-13% value of the deal, or about 26-38 mln euros
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. Drawing from his 15 years of experience and expertise in the forex industry, Andrey Dashin takes a look at the current economic crisis and underlines some of the key factors which have affected the eurozone. By Andrey Dashin Curiously enough, what the future has in store for the euro is both predictable and unpredictable
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. By Fiona Mullen Director, Sapienta Economics Ltd This week the Ministry of Finance announced that it was considering pre-selling gas. It must of course be tempting when we are faced with what could be a EUR 20 bln debt by 2016. But there are a number of reasons to believe that it would not
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Apple has operated almost tax-free in Ireland since 1980, welcomed by a government keen to bring jobs to what was then one of Europe's poorest country, former company executives and Irish officials have said. Chief Executive Tim Cook faced criticism from a Senate subcommittee in Washington on Tuesday over the iPad and iPhone maker's tax
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The Cyprus Tourism Organisation (CTO) has welcomed the fact that Cyprus ranks first in the list of countries with the cleanest beaches in Europe. CTO Director General Marios Hannides said in a statement that the fact that the European Commission and the European Environment Agency have certified the excellent quality of Cyprus bathing waters is
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The prosecutor in former prime minister Silvio Berlusconi's sex trial has received a series of anonymous letters of threats, including one with two bullets, Milan's chief prosecutor said on Thursday. The letters against Ilda Boccassini have become more frequent since she requested a six-year jail sentence and a lifetime ban on holding public office for
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French singer and songwriter Georges Moustaki, beloved in France for his songs celebrating liberty and collaborations with Edith Piaf, died on Thursday after a long illness. He was 79. The Greek-born singer grew up in Alexandria, Egypt, and arrived in Paris in 1951, where he began to play guitar at nightclubs and met some of
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All available EU resources will be mobilized as quickly and as effectively as possible in order to help Cyprus, European Commission President José Manuel Barroso has said. Barroso was speaking, on Thursday at a joint press briefing with Cyprus President Nicos Anastasiades following a meeting they had, in Brussels. Their discussion he said focused on
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