The United States and Cyprus announced Tuesday they are formalizing cooperation in the fight against money laundering, sanctions evasion and other financial crimes, with an agreement to provide Cypriot law enforcement with U.S. expertise.
Cyprus freezes $1.3 billion in Russian-owned assets
The FBI and Cyprus police will sign an agreement in the coming days that includes offering the U.S. Department of Justice’s assistance in “aggressive detection, investigation, and prosecution of cases involving financial crimes” in Cyprus, according to a joint statement. It’s planned.
Cypriot President Nicos Christodoulides last year invited FBI and Justice Department officials to help investigate allegations that Cypriot financial services firms helped Russian oligarchs evade international sanctions.
The Cypriot flag flies in Nicosia, Cyprus. Cypriot law enforcement and the US Department of Justice are set to sign an agreement on cooperation to fight money laundering, sanctions evasion and other financial crimes. (Photo by Danil Shamkin/NurPhoto, Getty Images)
Cyprus insists it is complying with international sanctions imposed on Russia after its 2022 invasion of Ukraine, but the US has accused several Cyprus-based companies, lawyers and accountants of helping evade sanctions. is targeting.
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