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Banque SBA Cyprus
Trends
- 1Cyprus central bank fines Banque SBA €750,000 over AML breaches▼NEWS: Cyprus central bank fines Banque SBA €750,000 over AML breaches
The Central Bank of Cyprus has fined Banque SBA €750,000 for breaches of anti-money laundering rules. The penalty adds to a string of enforcement actions by European regulators against lenders over weak AML controls. Details on the specific breaches and the bank's response have not yet been published.
- 2Central Bank of Cyprus fines Banque SBA €750,000▼Central Bank of Cyprus fines Banque SBA Cyprus €750,000 — Cyprus Mail
The Central Bank of Cyprus has imposed a €750,000 fine on Banque SBA Cyprus, according to the Cyprus Mail. The penalty makes the French-linked lender one of the more recent banks to face regulatory sanctions on the island. Details on the specific breach behind the fine have not been widely reported, and neither the bank nor the regulator has given a detailed public explanation so far.