New MoU: Cyprus and Greece Strengthen Anti-Money Laundering Efforts

by News Editor

May 28, 2025

In a strategic effort against financial misconduct, Cyprus and Greece have recently signed a Memorandum of Understanding (MoU). This agreement will enhance the exchange of information related to money laundering and terrorism financing.

Enhancing Cross-Border Collaboration

According to the Law Office, this MoU signifies the beginning of promising collaboration for conducting joint analyses on money laundering risks facing both nations. The initiative will promote the sharing of best practices and capacity-building through joint training.

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The primary goals include increasing criminal prosecutions related to money laundering and bolstering the efforts towards freezing or seizing illegal assets.

Cross-border collaboration remains essential, as the majority of money laundering activities traverse international lines. The MoU highlights the “very effective cooperation” between Cyprus’s Mokas and Greece’s FIU.

Building a Safer Economic Environment

This MoU is a testament to both countries’ commitment to combating financial crime on an international scale.

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A New Twitter-Inspired Social Network Is Taking Shape

by News Editor

August 27, 2026

A new social network called Twitter.now is entering the market, with a founding team that includes former Twitter trademark counsel Stephen Coates. The service is being developed by startup Operation Bluebird.

As Ars Technica reported, X sued the company last year and asked a Delaware judge to block the launch. Operation Bluebird argued in a petition that X had abandoned trademarks including “Twitter” and “Tweet.”

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Coates has said the project is not an attempt to recreate the original Twitter. In a LinkedIn post, he described the platform as a new public space focused on trust, transparency and user choice.

AI System To Rate Posts

Twitter.now is currently being tested, with early access priced at $20. Its main feature is VERA, an AI system designed to evaluate posts, verify claims and provide sources and context.

Posts receive a trust score, with users eventually able to set a minimum score to filter their feeds. The company says this approach will give people more control over what they see instead of leaving those decisions entirely to an algorithm.

Moderation Remains A Challenge

Scaling moderation will be one of the platform’s biggest tests. Social networks have repeatedly struggled with content moderation as their communities grow, and newer platforms such as Bluesky have faced similar criticism.

Operation Bluebird says VERA will form the basis of its moderation and verification system. A second version is already planned, with expanded tools that would let users set a specific trust threshold for the posts appearing in their feeds.

For now, Twitter.now remains in an early testing phase, combining the familiarity of the Twitter name with an AI-driven approach to evaluating online information.

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