Business - Page 3

Cyprus fines Commerzbank for Laiki dodgy deals

Cyprus securities regulator slapped a €650,000 fine on Germany’s Commerzbank for its role in transactions carried out by Laiki Bank that collapsed during the 2013 financial crisis. The Securities and Exchange Commission

Cyprus tightens grip on ‘golden passport’ scheme

Cyprus has not processed any passport applications of a foreign investor since January, after freezing procedures pending the approval of tougher criteria regulating the Citizenship for Investment Scheme. The new regulatory framework