The Central Bank of Cyprus imposed a EUR 750,000 fine on Banque SBA Cyprus after a 2023 inspection identified noncompliance with specific provisions of Cyprus’ anti-money laundering law and the central bank’s February 2019 directive for credit institutions on preventing money laundering and terrorist financing.
Central Bank of Cyprus fines Banque SBA Cyprus EUR 750,000 for anti-money laundering and counterterrorist financing noncompliance
The Central Bank of Cyprus fined Banque SBA Cyprus EUR 750,000 for anti-money laundering and counterterrorist financing failings identified during a 2023 inspection.