Legal Services to meet over monastery scandal
A meeting at the state Legal Services will be held this week on potential financial crimes and money laundering at the Osiou Avakoum monastery.
MOKAS
Money laundering investigations over monk scandal underway
Two monks at Osiou Avakoum monastery may be called to testify before the church’s investigative committee regarding a sex and cash scandal.
Probe into suspicious share transfers in spyware affair
The anti-money laundering unit (Mokas) is investigating suspicious transfers of shares in Cyprus-registered companies linked to the Predator spyware affair.
Our View: Brave step confirms commitment to Cyprus, ’ reputation
Fact: President Nikos Christodoulides has taken action to combat money laundering in Cyprus by establishing a unified authority to oversee professional service providers and cooperating with US and British authorities for the effective enforcement of sanctions.
U.S., Cyprus boost ties to crack down on money laundering
Cyprus and the US embassy in Nicosia are collaborating to combat money laundering and financial fraud. The US Department of Justice (DOJ) and the Federal Bureau of Investigation (FBI) are working with Cypriot authorities to identify and prosecute financial crimes. The FBI and Cyprus police will sign a memorandum of understanding to formalize their cooperation. Additionally, a Cyprus-based company, Tokentrust Holdings, faced sanctions from the US for its connections to Russia’s financial sector.