Interview: 'The quality of Cyprus' UBOs registry will certainly supersede that of any other country in the EU'

Pedro Gonçalves
clock • 8 min read

In this interview, International Investment's Pedro Gonçalves talks with Marios Skandalis, director group Compliance at Bank of Cyprus, as he details the banks' six year journey from a public bail-in requiring depositors to take a 50% haircut to regaining the customers' trust and gives his views on the upcoming register of Ultimate Beneficial Owners in Cyprus and what will happen to British expats on the island after Brexit. In 2013 the Bank of Cyprus required a public bail-in and ever since it has taken a more aggressive approach towards money laundering. What has been done in the last ...

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