The 6th order has been announced on stockwatch.com.cy today and most likely officially tomorrow and it shall be valid for a period of 7 days.
Posts from the ‘Cyprus’ Category
Wishing you a happy new year and all the best for 2013.
Money laundering, being the conversion of criminal proceeds into assets not being able to be traced back to the underlying laundering offence, is undoubtedly a scourge against the global financial system, sapping the legal order and institutions, corrupting the society and individuals and empowering the organized crime. It is absolutely impossible to estimate how much billions of dollars are laundered all over the world every year despite the unrelenting global efforts, and this fact alone indicates the magnitude of this phenomenon.
Cyprus has come a long way in cleaning up its act and enforce strict Anti-Money Laundering Regulations, enjoying the rewards of having an efficient domestic Financial Intelligence Unit, called “Mokas”. Read more
The documents concerning the second licensing round in Cyprus’ Exclusive Economic Zone will be sent next Monday to the EU, in order to be translated for their publication in the EU’s Official Journal, Minister of Commerce, Industry and Tourism Praxoula Antoniadou said. Read more