04 Mar 2017 Updating Cyprus’money-laundering record

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Just over two weeks ago, Transparency International published a report called “Top Secret Countries Keep Financial Crime Fighting Data to Themselves”.

Transparency and good preventive practices are important because money-laundering cases are difficult to prove. The Magnitksy case, for example, has been open in several jurisdictions for years (although the UK never opened a case on the matter) and despite Cyprus and other jurisdictions co-operating together on it through Europol, to date no one has even been charged, let alone convicted. Read full article here

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