The Central Bank of Cyprus (CBC) has decided the imposition of fine amounting to €89.000 against Alpha Bank Cyprus Ltd for failing to comply with specific Laws and Directives. The Central Bank of Cyprus (CBC), within the remit of exercising its supervisory role, may take, under subsection (6) of section 59 of the Prevention and Suppression of […]

The Central Bank of Cyprus (CBC), within the remit of exercising its supervisory role, may take, under subsection (6) of section 59 of the Prevention and Suppression of Money Laundering Activities Laws of 2007 to 2016, all or any of the measures listed therein in the event of non-compliance by a supervised person with the […]

On 9 December 2015 the CBC, decided to impose sanctions in the form of a fine on FBME Bank Ltd (Cyprus Branch) amounting to €1.200.000 for failure to comply with sections 58, 60(d), 61(1), 62(6), 64(1)(c), 64(2), 68C, and 68(1) of the Prevention and Suppression of Money Laundering Activities Law of 2007 to 2013, paragraphs […]

The Central Bank of Cyprus (CBC) has issued an announcement to inform for the imposition of fine on Public Joint-Stock Company Commercial Bank “Privatbank” (Cyprus branch). According the CBC’s announcement, within the remit of exercising its supervisory role, may take, under subsection (6) of section 59 of the Prevention and Suppression of Money Laundering Activities […]