Seizure of €40 Million in Assets in Operation Against Money Laundering
January 28, 2025
During a joint operation named 'YUZUK', assets worth €40 million were seized in Cyprus, stemming from investigations into a money laundering ring. Two Ukrainian brothers are believed to be the masterminds behind the operation, which used Limassol to launder money for criminal organizations. Over 20 suspects were arrested, and significant seizures were made. A 31-year-old Ukrainian woman, who initially reported a robbery, also appears to be involved.