Two arrested for money laundering
Police in Limassol arrested two individuals on Thursday for suspected money laundering. A property under surveillance for alleged financial crimes led to the arrests when a car arrived, and both occupants were detained. The individuals, a 33-year-old driver and a 34-year-old passenger, both third country nationals, were found with significant amounts of cash. The passenger had €161,425 in cash within 17 envelopes. A further search of the property revealed €706,300, ,539, and £1,375 in cash, along with two banknote counting machines and empty envelopes, leading to the arrest of a 41-year-old claiming partial ownership of the property. Additional searches at the 34-year-old’s house found €815 in cash, multiple mobile phones, and empty envelopes. The financial crime investigation unit in Limassol is continuing the investigation.