FACT Calls on Congress to Eliminate Wasteful Corporate Tax Break, Supreme Court Issues Landmark Tax Ruling: Just the FACTs 6/25/24

FACT Calls on Congress to Eliminate Wasteful Corporate Tax Break, Supreme Court Issues Landmark Tax Ruling: Just the FACTs 6/25/24

“Just the FACTs” is a round-up of news stories and information regarding efforts to combat corrupt financial practices, including offshore tax haven abuses, corporate secrecy, and money laundering through the financial system. Send feedback or items for future newsletters to Thomas Georges at tgeorges@thefactcoalition.org Here is the State of Play FACT Calls on Congress to … Read more

Moneyval reports improvements in money laundering measures

Moneyval reports improvements in money laundering measures

Cyprus has welcomed a Moneyval report that acknowledged improvements in tackling money laundering and terrorism financing, but also identified existing shortcomings.

Our View: Brave step confirms commitment to Cyprus, ’ reputation

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.

US-Cyprus cooperation on financial crimes (Updated)

US-Cyprus cooperation on financial crimes (Updated)

Cyprus and the US embassy announced cooperation to enhance Cypriot capabilities to counter illicit finance. The FBI and Cyprus police will sign a memorandum of understanding to formalize cooperation. US sanctioned a Cyprus-based company for its links with Russia’s financial sector. US appreciates close cooperation with Cypriot authorities to hold sanctions evaders to account.