President expresses satisfaction over strict CySEC checks, fines of €7.5 million imposed in 2018

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Cyprus Securities and Exchange Commission (CySEC) has imposed fines of a value of €7.5 million in 2018, its Chairwoman Demetra Kalogerou told Cyprus President Nicos Anastasiades on Monday, who noted that having strict checks in place guarantees the state`s credibility.Kalogerou, who was presenting President Anastasiades with the Commission`s report for 2018, at the Presidential Palace, said the report outlines many actions which have been completed and others which will be completed within 2019 and 2020.”We have completed many supervisory checks …

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