money laundering Archives - New Cyprus Magazine

Paphos Resident Arrested for Theft and Money Laundering

A 29yearold Paphos resident has been arrested for allegedly deceiving clients in fraudulent car sale agreements, resulting in theft and money laundering. Victims reported paying large sums for vehicles that were never delivered and not refunded, leading to the suspect’s arrest by the Paphos CID. The ongoing investigation is focused on uncovering the full scope of the alleged illegal activities and determining the extent of the theft and money laundering operation.

Cyprus MEPs Under Scrutiny for Alleged Sanctions Evasion

By Demis Papadopoulos

Cyprus MEPs are accused of aiding in sanctions evasion and money laundering, which has sparked intense debate in the European Parliament. The ‘Cyprus Confidential’ reports have shed light on these allegations, leading to calls for action, accountability, and the strengthening of antimoney laundering defenses within the EU.

Israeli Real Estate Ventures in Northern Cyprus Raise Concerns Among Officials

By Demis Papadopoulos

Israeli real estate ventures in Northern Cyprus have raised concerns among officials due to potential national security issues and money laundering risks. Turkish Foreign Minister Hakan Fidan has highlighted the need to closely monitor these acquisitions and ensure compliance with antimoney laundering standards to safeguard the region’s economic integrity.

money laundering international investigation

Examining the Next Steps in Addressing ‘Cyprus Confidential’ Allegations

By Demis Papadopoulos

Cyprus is tackling the ‘Cyprus Confidential’ allegations headon by strengthening regulatory oversight and conducting thorough investigations. The government is determined to combat corruption and dispel concerns about money laundering, and has enlisted the help of international experts to ensure a transparent probe into Russian influence claims and financial irregularities.