Central Bank of Cyprus imposed two AML fines totaling €1.067 million on Bank of Cyprus

Summary

The Central Bank of Cyprus (CBC) imposed a €277,000 fine on 20 October 2021 and a €790,000 fine on 9 December 2021 for failures to comply with anti-money-laundering legislation and CBC directives. Bank of Cyprus reports that the first investigation concerned the AML framework applicable in 2008–2015 and that the second concerned files and transactions from 2015–2018. The bank paid discounted amounts but filed judicial-review proceedings against both decisions. The CBC sanctions register, checked on 1 September 2026, lists appeals 1320/2021 and 74/2022 as pending; this record therefore describes regulator findings under challenge, not final court judgments. Sources: https://www.centralbank.cy/en/administrative-sanctions-and-measures and https://www.bankofcyprus.com/globalassets/group/investor-relations/press-releases/eng/20230809-boch-interim-financial-report-2023_signed_final.pdf