Call for Pre-Checks on Property Transfers
September 8, 2024
Mihalis Vorkas, the president of the Cyprus Bar Association, is calling for a pre-check of all property transfers to identify possible connections to money laundering. Lawyers urge the government to implement laws requiring oversight of foreign investments and to ensure that documentation is handled by lawyers. He emphasizes that Cyprus should follow the examples set by other European countries to strengthen investment controls. Additionally, he comments on issues related to trapped buyers and the e-justice system.