The Cyprus Securities and Exchange Commission (CySEC) and the Institute of Certified Public Accountants of Cyprus (ICPAC) recently issued circulars cautioning supervised entities and individuals about the latest US sanctions imposed against Russian companies, enterprises and officials, and their implications.
Read full articleThe amount of funds deposited in the Cypriot banking system dropped in March 2018 by €642.9 million to €48 billion, the lowest amount since September 2016 on extensive withdrawals by all categories of depositor coinciding with fears about the solvency of the Cyprus Cooperative Bank, the Central Bank of Cyprus said.
Read full article