Its traditional banking lines included international payment services, multi-currency account, credit facilities, trade finance, forex trading facilities, internet banking and international card services.

At the same time, its Cyprus operations became a branch of Federal Bank of the Middle East, Tanzania.

Further, FBME, the Arbitral Tribunal, and Messrs. Saab, owners would be in a position to react before a decision was final, and have an opportunity to take all measures and legal actions that they deemed appropriate.

In June 2016, staff agreed to assist with the administration of the deposit guarantee scheme and customers start receiving their money up to €100,000.

On December 24, 2017, The Guardian reported that the United States Federal Bureau of Investigation – in connection with Robert S. Mueller III's investigation (into possible connections between the Russian government and the 2016 U.S. presidential campaign of Donald Trump) – had asked the Central Bank of Cyprus for financial information about FBME, specifically into information that the bank was used by wealthy Russians with political connections accused by the US government of money laundering.

[10] Bloomberg further reports that the Russia-related investigation into FBME was connected to a flow of illegal Russian funds into the New York real estate market.