Allegations of Limited Oversight at a Key Entry Point in Cyprus
September 5, 2024
MP Christos Christofides has reported a potential black hole for money laundering in Cyprus. He pointed out that there is a lack of permanent customs officials at key entry and exit points, which facilitates suspicious financial activities. Specifically, customs officials only appear when certain conditions are met, leaving gaps in oversight. The Audit Office has already initiated an investigation into the allegations.