Central Bank of Cyprus Defers FBME Operations
Today, the Central Bank of Cyprus interrupted all operations in Tanzania-based FBME bank’s Cypriot locations until this Friday, according to Kathimerini.
It has been reported that the suspension could occur for two additional days. The interruption comes after Monday’s decision by the Central Bank, regarding an investigation over U.S. currency laundering at FBME bank.
FBME branches on Cyprus are approximated to contain deposits worth 1.7 billion euros. The bank has denied all money laundering charges, while the Central Bank of Cyprus has voiced its goal to sell local FBME capital, after freezing all of it last Friday.
Tagged under
Related items
- What is hidden behind Turkey's proposal for a two-state solution in Cyprus and Palestine
- Prime Minister Kyriakos Mitsotakis’ speech at the 78th UN General Assembly
- PM Mitsotakis to meet with Cyprus President Christodoulides in Nicosia
- Erdogan, Greece, Cyprus and the NATO summit
- Cavusoglu: “Cyprus is our national issue” – A Federation solution is no longer appropriate