CySEC imposes €740.000 fine on CIF Exelcius Prime Ltd CIF found to have made multiple violations of the investment services legislation NICOSIA, 7 August 2024 – The Cyprus Securities and Exchange Commission (...

• 04.10.2024
• 5 min read

Data Protection Commission welcomes conclusion of proceedings relating to X’s AI tool ‘Grok’ The DPC is pleased to announce the conclusion of the proceedings it brought before the Irish High Court on 8 August 2024. The matter was back before the Court t...

• 04.10.2024
• 3 min read

Parliament wants to ensure the right to disconnect from work Parliament wants to protect employees’ fundamental right to disconnect from work and not to be reachable outside working hours. Digital tools have increas...

• 04.10.2024
• 2 min read

Google’s second antitrust suit brought by US begins, over online ads DoJ accused tech giant of more monopolistic behavior a month after judge found it illegally cornered online search A second antitrust trial pitting Google&...

• 04.10.2024
• 5 min read

Sanctions against Ernst & Young LLP This Press Notice concerns the outcome of an investigation into the relevant Statutory Audit Firm (as defined in the FRC’s Audit Enforcement Procedure). I...

• 04.10.2024
• 3 min read

Cyprus will continue to apply proper controls in entry points, FinMin says The Finance Ministry will continue to apply all procedures covering the proper controls of entry points in the Republic with the sole purpose of protecting...

• 04.10.2024
• 1 min read

Cyprus Banks Present Progress on AML and Compliance in the U.S Cyprus Banking Association Delegation Highlights Anti-Money Laundering and Sanctions Compliance Efforts in Washington and New York A delegation from the Associa...

• 04.10.2024
• 2 min read

Russia approves law allowing use of crypto for global payments as it faces ongoing sanctions KEY POINTS The lower house of Russia's parliament on Tuesday approved a law that permits making international payments via cryptocurrencies, local media report...

• 04.10.2024
• 4 min read

Introduction A delegation from the Association of Cyprus Banks visited the United States in September 2024 as part of its annual presentations to showcase the prog...

• 04.10.2024
• 1 min read

Introduction In April 2024 BIS Working Papers indicated the impact of artificial intelligence on output and inflation on sectoral and aggregate employment and how public pol...

• 03.07.2024
• 1 min read

JPMorgan, Morgan Stanley shareholders modestly support Indigenous rights, climate proposals JPMorgan Chase and Morgan Stanley both held their annual board meetings this week, as shareholders weighed in on social and climate-related proposals before the...

• 02.07.2024
• 3 min read

Severn Trent increases payout to shareholders despite its 60,000 sewage spills last year Severn Trent has increased its payout to shareholders despite being responsible for 60,000 sewage spills last year. Severn hiked its final dividend by 9% to 70....

• 02.07.2024
• 3 min read