NICOSIA — The Central Bank of Cyprus has revoked the operating license for the local branch of Tanzania’s FBME Bank Ltd.
In a statement Dec. 22, the central bank gave no reason for the decision, which took effect a day earlier. Central Bank spokeswoman Aliki Stylianou declined to elaborate.
On Dec. 21, FBME said it rejected the revocation “in its entirety” and would challenge the decision in theCypriot courts.
The Cyprus Central Bank placed FBME’s Cyprus branch under administration last year.
FBME said that decision was based on the “disputed findings” of the U.S. Financial Crimes Enforcement Network, or FinCen.
In July, FinCen formally concluded that FBME was used by customers involved in money laundering, fraud and terrorist financing, and barred U.S. banks from any dealings through or on behalf of FBME.
PAPHOS, Cyprus (AP) — A Cyprus criminal court on Tuesday rejected a defense argument that a British man’s confession to killing his ailing wife was unlawfully obtained, because he was in no frame of mind to speak to police without a lawyer present.
FALMOUTH, MA – The police in Falmouth have identified the victim in an accident involving a car plunging into the ocean on February 20, NBC10 Boston reported.
NEW YORK – Meropi Kyriacou, the new Principal of The Cathedral School in Manhattan, was honored as The National Herald’s Educator of the Year.
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