An EU-mandated report on money laundering in Cyprus contains nothing shocking, sources say. But you would be forgiven for thinking otherwise, given the level of secrecy.
The report was drafted by Moneyval, a branch of the Strasbourg-based Council of Europe, and an Italian unit of Deloitte Financial Advisory, a US-based accountancy firm.
Moneyval interviewed people at Cypriot government institutions to see how they implement international standards.
EUobserver understands t...
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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.