Continued Wins against Financial Crime

The Bank of Cyprus applies a robust Financial Crime & Sanctions Compliance Framework, following the highest international standards.

This strict framework had the following impact (results as at 31 December 2023):

Since 2014:

Termination of relationships with professional intermediaries introducing customers to the Bank

Since 2015:

Termination / suspension of 34.803 customer relationships solely on compliance financial crime reasons, corresponding to over €11,4 billion of turnover and yearly net profitability of €36,3 million.
Rejection of 14.473 potential new customer relationships