A cross-border European task force has taken down a cryptocurrency fraud network that had been using Cyprus as the base for laundering the illegal proceedings. Coordinated action by the EU agency for
Cyprus police have arrested a Chinese man wanted for multimillion-euro financial fraud in his home country while he was attempting to leave the island at Larnaca Airport. Police announced the 49-year-old man
Cases of identity fraud and presentation of fake documents at Cyprus airports passport control have increased since last year, police said. This issue was discussed at police headquarters under the Deputy Chief of
The Central Bank of Cyprus has warned businesses and the public of a ‘ghost’ bank called Sabax operating in Limassol, noting the entity has not been licensed by the supervising authority. In
Auditor General Odysseas Michaelides has urged the Youth Board (ONEK) to force disgraced former volunteerism commissioner Yiannis Yiannaki into retirement, as he is still receiving 50% of his salary. In a letter
A controversial Russian-born Israeli arms dealer Arcadi Gaydamak has implicated Cyprus in an alleged $600 mln fraud case against him. According to news site Philenews, citing a TV documentary aired recently on
Former volunteerism commissioner Yiannis Yiannaki was officially charged with the alleged forgery of his academic documents, which landed him well-paid jobs in the government. According to reports, Yiannaki has been slapped with
The European Commission will send a reasoned opinion to Cyprus and 14 other member states calling them to implement provisions under EU law to prevent the destruction of natural habitats. The Commission’s
A doctor in Cyprus registered with the General Health System will be prosecuted for filing payment requests for services he never provided, Attorney General George Savvides said on Wednesday. In a statement
Cyprus’ forex industry has been rattled by €15 mln trading fraud, forcing two Limassol-based firms out of business, while more than 2,000 people employed have lost their jobs in recent weeks. Industry
