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Category: Banking Law

Anti-Money Laundering/Counter-Terrorist Financing Compliance Manual seminar by UCLan.

Jun 1, 2018
The School of Law of UClan Cyprus organised a very interesting AML Seminar last Saturday 19/05/2018. The seminar entitled “How to Structure an Anti-Money Laundering/Counter-Terrorist Financing Compliance Manual” was presented by the experts...

Bank charges and commissions charged by Cypriot banks.

Jun 13, 2017
Many international clients feel a disappointment when, after opening a bank account with a Cypriot bank, discover that bank charges and commissions are too expensive for their budget. Consequently, we...

No violation of the right to property. Decision by the Court of Justice on Cyprus haircut case.

Sep 21, 2016
The Court of Justice delivered on the 20th of September 2016 its judgment in the case filed by a number of Cypriot depositors who sufferred a haircut in March 2013...

FBME Cyprus. How to “unlock” your money at the FBME.

Apr 16, 2016
The Central Bank of Cyprus has on the 9th of April 2016 activated the Deposit Guarantee and Resolution of Credit and Other Institutions Scheme (DGS) in the case of the...

Loans in foreign currency and borrower’s rights, Part 2

May 27, 2014
On the 14th of April 2014 I wrote an article about loans in foreign currency and the rights of borrowers. The link to that article is here. The article dealt...

The rights of borrowers

May 10, 2014
In an interview to journalist Christodoulos Christodoulou (CYBC 2, Biz-Εμείς, 09/05/2014), Christophoros Christophi explains the rights of consumers that made loans from commercial banks in view of the haircut and...

Loans in foreign currency and borrower’s rights.

Apr 14, 2014
Many Cypriots in the past  decade have made loans in foreign currency especially in Swiss francs. At the time, borrowing money in Swiss francs was cheaper than making a loan...