Cyprus

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Cyprus central bank, stakeholders agree on ten steps to speed up banking procedures

The Central Bank of Cyprus (CBC), professional regulatory bodies and business stakeholders have agreed on ten steps to rationalise banking procedures. These include Know-Your Client (KyC) and client due diligence, speeding up transactions vital for the economy, while ensuring compliance with the EU and international anti money-laundering regulations, CBC Governor… Read More

$50 million crypto fraud complaint against Malta company founded by U.S. Olympic medallist

Retired Olympic speed skating champion Apolo Ohno and companies in Cyprus, Hong Kong, Malta, and Singapore are being sued in California for an alleged $50 million crypto fraud. Apolo Anton Ohno is an American retired short track speed skating competitor and an eight-time medallist in the Winter Olympics. Ohno… Read More

How a convicted criminal can buy a famous English football club

By David Harrison and Al Jazeera Investigative Unit, Al Jazeera, 10 August 2021 Al Jazeera – In a plush suite at a boutique hotel in London, a man known as The Magician is lounging on a sofa, his right arm snaking out across the top. “The usual rubbish, I’m used to it,”… Read More
10th August 2021
English football clubs can be bought by criminals to launder the proceeds of their crimes, an Al Jazeera undercover investigation has revealed. The investigation delves into the murky world of club ownership in English football and exposes how rules are being abused. The Men Who Sell Football shows middlemen telling… Read More
10th August 2021
OCCRP – Cyprus’s “golden passport” program is considered a corrupt free-for-all that gave kleptocrats, oligarchs, and criminals access to European citizenship. From Putin crony Oleg Deripaska to fugitive Malaysian fraudster Jho Low of the infamous 1MDB scandal, Cyprus’s willingness to sell citizenship to unsavory people has been a… Read More
29th July 2021
A former Glencore Plc trader who said he was part of a bribery scheme to win oil contracts from Nigeria transferred $300,000 of company funds in 2014 to an intermediary who’d requested the cash to benefit a senior government official in the nation’s elections, U.S. court filings show. Anthony… Read More
19th July 2021
The Cyprus maritime and business sector is being used by shipowners in the European Union to register and flag tankers involved in Venezuelan oil trades with tacit acceptance from the republic’s shipping ministry, a Lloyd’s List investigation has found. At least 11 elderly tankers involved in Venezuelan trades have moved… Read More
16th July 2021
By Delfin Mocache Massoko, Stelios Orphanides and Pete Jones, OCCRP, 15 July 2021 OCCRP – A power couple running Equatorial Guinea’s national oil company secretly oversee a global property empire –– which reporters discovered hidden behind a veil of shell companies –– that even their hefty pay packages… Read More
6th July 2021
By Saurnas Cerniauskas, OCCRP, 6 July 2021 OCCRP — Days before the European Union imposed sanctions on Belarusian oligarch Aliaksei Aleksin over his links to Alexander Lukashenko’s regime, his family sold its Cyprus-based company along with a bank to a Lebanese businessman, this way saving both… Read More
18th June 2021
Cyprus was the EU top country whose citizens believe corruption has increased over the past year according to Transparency International’s Global Corruption Barometer. On the index, 65 per cent of Cypriots thought corruption had increased over the past 12 months compared with 51 per cent in Slovenia, the second highest… Read More
17th June 2021
By Ahmed Eid Ashour, Sameh Ellaboudy, Maher Shaeri and Cecilia Anesi, OCCRP, 16 June 2021 OCCRP — On the evening of December 2, 2018, the cargo ship Noka set sail from the Syrian port of Latakia, bound for eastern Libya. The vessel was packed with goods sent… Read More
14th June 2021
By Dejan Milovac  and Jared Ferrie, OCCRP, 11 June 2021 OCCRP — Zoran Bećirović says he’s an ordinary property developer, and he’s suing Montenegro’s two biggest newspapers and a civil society organization for years of reporting “baseless claims” against him in their coverage of his high-profile land… Read More
3rd June 2021
A $3.5 billion residential and commercial real-estate project being developed on the site of a former aerodrome in Minsk is expected to change the face of the Belarusian capital. Minsk World, as the project is known, is to feature a modern financial center with glass-facade skyscrapers surrounded by dozens… Read More