Tag: Marios Demetriades

Former Cyprus Transport Minister Marios Demetriades faces serious charges linked to the controversial Golden Passport Program, including money laundering, corruption, and bribery. Authorities allege Demetriades manipulated the naturalization process, granting citizenship through the Citizenship by Investment Scheme. The Cyprus law enforcement is investigating over 20 cases of naturalizations acquired under this scheme.

BNKPro Ltd, an e-money institution regulated by the FCA, is part of the FxPro Group. The company has an interesting history. Until October 2019, the company traded as Hermex International Limited with the trading name HermexFX (www.hermexfx.com) and was part of the FXPro Group. In August 2019, FCA-regulated FairFX Plc acquired the payments business of HermesFX. HermesFX became FairFX. The company was later renamed FXPro Invest Ltd before a new renaming to BNKPro Ltd in January 2021.