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Bank of Cyprus not afraid to forgo profits in financial crime clean-up | World Finance

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In the first half of our interview with Marios Skandalis, he described Bank of Cyprus' four year journey from a public bail-in requiring depositors to take a 50 percent haircut, to repaying its emergency liquidity assistance and listing on the London Stock Exchange. One of the key aspects of its compliance transformation along the way was aggressively tackling money laundering – in this second video he explains why the bank isn't afraid to be open about the efforts it's gone to, in order to meet stringent ethical standards. And he explains the compliance challenges his team is facing as the bank becomes a fully digitised financial institution. For a full transcript visit: https://www.worldfinance.com/videos/bank-of-cyprus-not-afraid-to-forgo-profits-in-financial-crime-clean-up For more World Finance videos go to https://www.worldfinance.com/videos/
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