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Money laundering has been a persistent issue in the world of finance and law enforcement for decades. Criminals seek to disguise the illicit origin of funds, obtained through illegal activities...

The report acknowledges the exit taxation rules adopted by the EU in the ATAD I and the implementation of the BEPS action plan.

On 4 November 2024, the European Commission released a report highlighting six high-risk sectors for corruption across EU Member States.

Tackling e-commerce fraud is high on the European Union's political agenda, with significant effort being put into creating new rules to combat value added tax (VAT) fraud in particular.

On 04.03.2022, the Cyprus Parliament has enacted the law, L.19(I)/2022 ("Law"), providing for the establishment of an Independent Authority against Corruption (the "Authority").

In a significant legal development, AGP Law has successfully secured an out-of-court settlement in favour of its client, after proceedings had been raised against a Cyprus Forex Company.

In a recent case that the author was involved in the Supreme Court of Cyprus was asked to balance two competing interests:

In July 2021, the European Commission introduced a set of legislative proposals aimed at enhancing the European Union's anti-money laundering and counter-financing...

Transparency International's Corruption Perceptions Index (CPI) for 2024 reveals persistent global challenges in combating public sector corruption.

Up until the last decade or so, the financial industry has been more or less self-regulated.

Norwich Pharmacal Orders (NPOs) are sought when claimants are aware that a wrongdoing has occurred but (i) the identity of the wrongdoer is unknown to them or (ii)

Moneyval published on 12 February 2020 Cyprus' comprehensive assessment of the effectiveness of anti-money laundering and countering the financing of terrorism (AML/CFT) system.

Arbitration serves as an alternative to court proceedings when there is a dispute between two contracting parties regarding the fulfillment of obligations or the exercise of rights within the framework of their contractual relationship.

Cyprus has long been recognised as a reputable international financial and corporate centre. However, in recent years, the island has also become a target for fraudulent or unlicensed investment and forex companies that exploit its good reputation and European regulatory framework.

European Commission strengthens transparency rules to tackle terrorism financing, tax avoidance and money laundering

In today's legal and commercial landscape, disputes involving asset transfers often pose significant challenges, particularly when creditors face efforts to evade obligations.

A discussion on whether the corporate veil of a trust can be pierced.

Many fraud cases involve complex corporate structures, incorporated in various jurisdictions some of which might cause obstacles or create problems for victims.