By Nick Kochan Cyprus was once a congenial bolthole for Russians who sought security for their business, with minimal controls or taxes. The coastal resort of Limassol was dubbed ‘Little Russia’ and
By Nick Kochan Thomson Reuters Regulatory Intelligence Analysis Cyprus’s financial services compliance and enforcement organisations have been undergoing root-and-branch reforms, but the island’s regulation remains overshadowed by a legacy of largely Russian financial
In less than two weeks, the Supreme Court of Cyprus will decide the fate of the Auditor General following charges filed against him by the government for improper behaviour. Odysseas Michaelides has
For more than seven years, Cyprus’ reputation has been tainted by the Jho Low scandal, with the high profile Malaysian criminal successfully obtaining a Cypriot passport in exchange for millions in real
An article was published on 24 January which said, “Cypriot banks severed business ties with nearly 60,000 customers – mostly Russian and Ukrainian nationals – between 2014 and 2022, while some 126,000
Massive abuse of system led to thousands of passports being issued illegally Demetra Kalogerou was the longest serving Chair at the Cyprus Securities and Exchange Commission with a reputation for building
The financial oversight of the public sector in every democratic country is as important as the political oversight itself. That’s because public trust in state institutions, the pillars of any democracy is
EU Justice Commissioner Didier Reynders arrived in Nicosia on Thursday on a two-day visit to discuss with the island’s officials the enforcement of European Union sanctions on individuals and companies with ties
Main opposition party AKEL is stepping up pressure for investigations into the involvement of ex-President Nicos Anastasiades’ former law office in the golden passport scheme following an indictment handed by the Cyprus
Cyprus approved another 390 golden passports applicants after the Citizenship for Investment scheme was scrapped in November 2020, while Brussels’ infringement procedure into the scheme continues. Presenting his ministry’s budget before the
