MOKAS Seizes 25 Million Euros in Fight Against Money Laundering
September 25, 2024
Since the beginning of 2024, MOKAS has seized a total of 25 million euros, focusing primarily on combatting money laundering. There has been a significant increase in the seizure of illegal revenues, with approximately 7 million euros being reclaimed by authorities. The parliamentary committee discussed the efforts of the relevant bodies in combating the legitimization of proceeds from illegal activities. Additionally, it was noted that around 160 million euros have been transferred to Cyprus in large sums over the past four years.