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Cypriot bank: Moneyval identified 'serious deficiencies' in Cyprus ahead of the EU bailout (Photo: truthpaint)

Cyprus in spotlight on Russia money laundering

Cyprus’ failure to go after Russian mafia money in its banks indicates it’s paying no more than “lip service” to international money laundering laws, a Dutch MP has said.

Pieter Omtzigt, from the christian-democrat CDA party, put forward the criticism in a letter, on Saturday (30 January), to a financial crimes unit in The Council of Europe in Strasbourg.

“Recent developments in Cyprus in relation to the Magnitsky case have shown the failure of Cyprus to apply money laundering le...

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Author Bio

Andrew Rettman is EUobserver's foreign editor, writing about foreign and security issues since 2005. He is Polish, but grew up in the UK, and lives in Brussels. He has also written for The Guardian, The Times of London, and Intelligence Online.

Cypriot bank: Moneyval identified 'serious deficiencies' in Cyprus ahead of the EU bailout (Photo: truthpaint)

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Author Bio

Andrew Rettman is EUobserver's foreign editor, writing about foreign and security issues since 2005. He is Polish, but grew up in the UK, and lives in Brussels. He has also written for The Guardian, The Times of London, and Intelligence Online.

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