Cyprus and US cooperate against money laundering

Within a short period after Nicosia's announcement of closer cooperation with the US on money laundering issues, the Cypriot Council of Ministers approved the signing of a memorandum of cooperation between the Cyprus Police and the FBI. 

The memorandum pertains to providing assistance in investigating cases of possible sanctions violations, money laundering, and corruption.

The Council of Ministers' decision establishes closer cooperation between the two countries in an effort to combat money laundering and effectively investigate cases involving financial offenses, thereby facilitating the prosecution of those involved.

According to the announcement, the conclusion of the memorandum "reflects the government's efforts, particularly the determination of the president of the republic himself, to further strengthen the capacity of the country's law enforcement...