I am wondering what other people's experience have been with Cypriot banks. I have had cause to transfer a significant sum of money from the UK to my Hellenic bank account. This is not the first time we have done this, however, on this occasion it is for a deposit on a property we are buying. I know all about AML checks as I have had them done in the UK. My problem is in the UK they are generally completed within a couple of days at the most. Here in Cyprus it seems to take well over a week to do the same checks. In fact the latest checks have taken well over a week and I am being told it will Monday before they are finished.
The amount of time things seem to take is astonishing, I have waited so far 4 months for ID cards, no idea when they will turn up, 2 months for GESY registration and still no idea when it will happen. I knew bureaucracy was slow, but come on there is slow and there is glacial.
