New CBC Governor warns over delays in due diligence checks on foreign transactions

Constantinos Herodotou, the new Governor of the Central Bank of Cyprus (CBC), called on Cypriot banks to invest in technology and staff training to speed up due diligence checks on lawful transactions for anti-money laundering (AML). Noting that there are many examples where businessmen opt to carry out their lawful transactions in other countries due … Continue reading New CBC Governor warns over delays in due diligence checks on foreign transactions