Cyprus: Detection of 149 cases of money laundering

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November 2, 2017

In the period 2011-2015, we had 403 cases of money laundering offenses in Cyprus and 91 persons were convicted; in 2016 there were 177 cases, 177 of which were investigated and 2017 to date; we had 162 cases, of which 149 were scanned; of the statement, the Minister of Justice and Public Order, Ionas Nikolaou.

He adds that the government, chaired by the President of the Republic, Nikos Anastasiades, “strengthened the legislative framework on money laundering protection, making it stronger than in other countries,” the Minister for Justice said in a written statement and Public Order, Ionas Nikolaou.