Europol's Success in Dismantling Money Laundering Criminal Network in Cyprus
January 27, 2025
The Europol and Eurojust operation successfully dismantled a criminal network involved in money laundering in Cyprus. They seized 24 million euros in cryptocurrencies, hundreds of thousands of euros in cash, and confiscated luxury cars and apartments. Over 20 suspects were arrested, and the operation was codenamed 'YUZUK'. The leaders of the organization are believed to be two Ukrainian brothers who obtained Cypriot citizenship.