Library
Torts
Malicious Prosecution
Imposition of fine on Alpha Bank Cyprus Ltd
Last Update: September, 2016

The Central Bank of Cyprus (CBC), within the ambit of its supervisory role with which is equipped by the Prevention and Suppression of Money Laundering Activities Laws of 2007 to 2013, by a decision dated 1st September 2014, imposed sanctions in the form of a fine on Alpha Bank Cyprus Ltd amounting to 89.000 for failure to comply with sections 58(e), 61(1)(d), 62(6), 64(2) and 69(1)(b) and (d) of the Prevention and Suppression of Money Laundering Activities Laws of 2007to 2013 and paragraphs 51, 109 to 112, 143, 144, and 146 to 149 of the CBC Directive issued under Article 59 (4) of the said Law.

Full text of the announcement of CBC is published in its official website (please press to direct you to the full text).

Publish Date: 16 September, 2014
A. Karitzis & Associates L.L.C. A. Karitzis & Associates LLC (AK) is a highly-professional, medium size and growing Law Firm with an experienced, diligent and dedicated team of lawyers and associates, dealing with most of the areas of Cypriot and European Union Law.

Contact the Author

Advocates and Legal Consultants | Cyprus