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Draghi: bailout must be linked to ‘dirty money’ monitoring
Author: Elias Hazou A FINANCIAL rescue package for Cyprus must be accompanied by close and continuous monitoring of its progress in implementing anti-money-laundering policies, the European Central...
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EU committed to bailout deal
Author: Stefanos Evripidou THE EUROGROUP yesterday pledged to agree a bailout for Cyprus by the end of March, following agreement last night on an “independent evaluation” of the island’s anti...
View ArticleNegotiations on money laundering audit terms of reference stalled
NEGOTIATIONS between the Ministry of Finance and troika technocrats to reach an agreement on the terms of reference governing the independent audit into Cyprus’ legal framework against money laundering...
View ArticleDeal on terms for independent audit
CYPRUS and international lenders yesterday agreed on the terms of reference of an independent audit into the island’s anti-money laundering legal framework and its implementation, which is one of the...
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‘Dirty money’ claims were just an excuse for bail-in
Author: Stefanos Evripidou THE EUROPEAN Union, led by Germany, has made Cyprus pay dearly for its alleged money laundering transgressions but one leading anti-money laundering expert questions how...
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Massive failure by Cypriot banks on ‘dirty money’
Author: Poly Pantelides CYPRUS’ banks suffer from “systemic deficiencies” in implementing anti-money laundering (AML) measures, according to a troika report summarising the results of two audits on...
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