money laundering legal proceedings

Money Laundering Suspect Secures Bail in Larnaca

In Larnaca, Cyprus, a Ukrainian suspect in a money laundering case has secured bail under strict conditions, including a €30,000 bail, surrendering travel documents, and thriceweekly police checkins. The case unfolded after a robbery report implicated the suspect, shining a light on Cyprus’s efforts to strengthen its antimoney laundering regulations.