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Joint statement Cyprus – USA: The FBI will assist in the fight against money laundering

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Κοινor ανακον ωση Κyπρου – ΗΠΑ: Το FBI θα συνδρΑμει στη&nu? ρorματος

The United States of America responding to the request of the President of the Republic, Mr. N. Christodoulidis, to further strengthen the capabilities of the Republic of Cyprus to deal with illegal financial activities, the US Department of Justice and the Federal Bureau of Investigation (FBI), with the support of the Office of International Narcotics and Law Enforcement Affairs and the US Embassy in Nicosia have established direct cooperation with the competent law enforcement authorities of the Republic of Cyprus to strengthen the capabilities of the Republic to detect and prosecute economic crime.

To this end, in the coming days, the Federal Bureau of Investigation (FBI) and the Cyprus Police will sign a Memorandum of Understanding formalizing the cooperation between the legal systems of the two countries, including the competent Law Enforcement Authorities, of the Legal Service of the Republic and the Unit for Combating Cover-up Offenses and Financial Intelligence Unit MOKAS.

Following the existing efforts to deal with money laundering and the phenomenon of circumvention of sanctions, the US Department of Justice within 2024 will share its expertise with the respective Cypriot Authorities so that they can proactively identify, investigate and prosecute cases involving financial crimes related to Cyprus, and provide relevant expertise – a significant US investment in the capabilities of Cyprus.

By tightening bilateral relations, the Republic of Cyprus aims to further strengthen its efforts to combat money laundering and to protect the Cypriot legal system and the economy. /strong>

The closer cooperation of the two legal systems is a positive development and both sides look forward to the results that this cooperation will bring.


Source: 24h.com.cy

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