Cyprus

Singapore’s Banks Increase Customer Scrutiny After Money Laundering Scandal
Singapore’s Banks Increase Customer Scrutiny After Money Laundering Scandal
September 24, 2023  |  Security & Fraud

Singapore’s banks are reportedly increasing customer scrutiny following a $1.8 billion money laundering scandal. As the Financial Times (FT) reported Saturday (Sept. 23), this added oversight...

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FTX Bankruptcy Sparks Worldwide Disputes Between Governments and New CEO
FTX Bankruptcy Sparks Worldwide Disputes Between Governments and New CEO
December 04, 2022  |  Cryptocurrency

The fall of FTX has reportedly set off clashes between its CEO and overseas regulators. John J. Ray III took over as FTX’s chief executive...

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Ahead of MiCA, Cyprus Emerging as Preferred EU Crypto License Base
Ahead of MiCA, Cyprus Emerging as Preferred EU Crypto License Base
August 26, 2022  |  Cryptocurrency

Earlier this month, U.K.-based digital bank Revolut was granted authorization by the Cyprus Securities and Exchange Commission (CYSEC) to offer crypto services across the European...

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Cyprus Gov’t Offers Free Stay To Tourists Who Catch COVID-19
Cyprus Gov’t Offers Free Stay To Tourists Who Catch COVID-19
May 28, 2020  |  Travel Payments

The government of Cyprus has a novel sales pitch for tourists considering a vacation in the Eastern Mediterranean nation: If you catch the coronavirus while on holiday...

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EU Slams Cyprus, Portugal Over AML Reform Delays
EU Slams Cyprus, Portugal Over AML Reform Delays
February 13, 2020  |  Security & Fraud

Cyprus, the Netherlands, Portugal and other countries are in trouble with the European Commission over their failure to implement new rules cracking down on money...

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Bitcoin Daily: BitOoda Notches $7M Seed Round; Cypriot Regulator Cautions Against Four Brands
Bitcoin Daily: BitOoda Notches $7M Seed Round; Cypriot Regulator Cautions Against Four Brands
December 26, 2019  |  Bitcoin

Digital asset financial services platform BitOoda Holdings, LLC notched a $7 million seed round, the company said in an announcement. The firm says its “investor...

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