2 days ago · Cyprus has long been a hub of financial connections for Russian and Ukrainian oligarchs seeking to avoid western sanctions and anti-money laundering (AML) rules. A 2023 investigation by the International Consortium of Investigative Journalists (ICIJ), Cyprus Confidential, found that Cyprus-Russia financial connections persist, even after Russia ...

Nov 14, 2023 · Bill Browder, the anti-corruption activist who runs Hermitage Capital Management, the American firm that hired Magnitsky, launched a publicity campaign to demand that any bailout package for Cyprus include a probe of the Magnitsky fraud and cleaning up the country’s money-laundering oversight.

3 days ago · Furthermore, Cyprus’ money laundering unit Mokas held 14 apartments valued at over €7 million. On a European level, in the framework of Yuzuk, 23 people were arrested in Spain, France and ...

Nov 25, 2022 · Cyprus has made some progress in improving its level of compliance with Financial Action Task Force (FATF) standards on combatting money laundering and the financing of terrorism, according to the second enhanced follow-up report published today by the Council of Europe’s Committee of Experts on Money Laundering and Terrorist Financing ...

Nov 14, 2023 · The Cyprus Confidential investigation by Le Monde and its partners, based on leaks, sheds light on how the island's economic model was allowed abuses, despite warnings from anti-fraud watchdogs.

Information concerning Cyprus' efforts to tackle money laundering, terrorism financing and the financing of weapons mass destruction.

2 days ago · Investigators have busted a money laundering ring using crypto to move millions between Spain and Cyprus and arrested 23 suspects. ... believed that at least 52 people were members of the "professionally structured organization" across both Spain and Cyprus. Up to six money laundering transactions were taking place each week, with bundles of ...

Nov 15, 2023 · The Cyprus government has defended its track record on money laundering reform, telling the ICIJ that the island has, since 2013, "engaged in persistent efforts and has managed to stabilize its...

Nov 14, 2023 · Against the backdrop of Russia’s invasion of Ukraine in 2022, the revelations demonstrate how PwC’s Cypriot unit facilitated Russian oligarchs in evading Western sanctions, turning Cyprus into a clandestine financial battleground.

3 days ago · During raids performed in Cyprus, law enforcement seized and froze around EUR 26 million in one cryptocurrency. Europol’s role. Europol supported this international operation with experts specialised in financial crime, fighting high-risk criminal networks, unravelling money laundering structures, and tracing cryptocurrency flows.