For personal reasons, part of me wants the process to form a 501(c)(3) as simple as possible. I volunteer with the local high school’s parent-teacher organization (PTO), and by this time next year the organization must secure its tax-exempt status as a nonprofit public charity advancing education.That’s because our school district will no longer manage the financial assets of … Read more
A 29-year-old man admitted to charges of importing and possession with intent to supply 28 kilograms of cannabis, as well as money laundering from illegal activities. He was arrested at Paphos airport on January 31 after police found the drugs in his bags. The state lab confirmed the seized packages contained cannabis. The man has been in custody since his arrest. The case will resume on June 20, and the court has ordered that he remains in custody until then.
Cypriot authorities seized a large quantity of weapons during a raid targeting an organised crime group in the Oroklini area. The weapons cache is believed to be linked to a criminal organisation based in Republic of Cyprus-controlled areas. No further details were provided about the types or quantities of weapons confiscated or any potential arrests made during the raid.
The Cypriot State lacks absolute control over private funds and assets transferred to the country, which may be linked to illegal activities. Finance Minister Makis Keravnos recently failed to provide clear information on the amounts of liquid assets carried by travelers using private flights to and from Cyprus, despite being questioned by a Member of Parliament. This issue has been highlighted amidst concerns about money laundering in the country.