Cyprus receives FBI report on measures to tackle financial crime and sanctions evasion

NICOSIA, Cyprus (AP) — Cyprus announced Thursday it will adopt recommendations from a security initiative with the United States to combat money laundering, sanctions evasion, and other financial crimes. An FBI team was deployed to the Mediterranean island nation for nine months. The FBI helped train Cypriot police in identifying and prosecuting cases of illegal financing and attempts to evade U.S., European Union, and U.N. sanctions imposed on …

Cyprus receives FBI report on measures to tackle financial crime and sanctions evasion

Cyprus says its cooperation with the U.S. to combat money laundering, sanctions evasion and other financial crimes remains "close and intensive" despite the disbanding of a U.S. program aimed at seizing the assets of Russian oligarchs.