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30 May, 2020
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US officials give list to Cyprus central bank

Over 50,000 suspicious accounts have been closed in the last three years


Officials from the US Department of Treasury have asked authorities in Cyprus to scrutinise a number of personal accounts, following a recent visit to the island.

In the last three years, the Central Bank of Cyprus (CBC) has closed over 50,000 accounts in connection with an ongoing effort to combat money laundering and freeze money from illegal activities.

US officials have reportedly focused on a number of accounts and asked the central bank to conduct further investigations, including imposing sanctions and other restrictions on them.

Cyprus  |  US  |  money laundering  |  bank

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