Banque SBA Cyprus Fined €750,000: Takeaways for Businesses from the CBC’s Decision

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The Central Bank of Cyprus (“CBC”) imposed a €750,000 administrative fine on Banque SBA Cyprus following findings from a supervisory examination carried out in 2023. The decision was taken on 29 September 2026 and announced on 30 September 2026. The decision is a reminder that AML/CFT compliance is judged not only by the existence of

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