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Europe Daily Bulletin No. 13293

16 November 2023
ECONOMY - FINANCE - BUSINESS / Money laundering
MEPs call for tougher anti-money laundering measures following ‘Cyprus Confidential’ revelations
Brussels, 15/11/2023 (Agence Europe)

The revelations of ‘Cyprus Confidential’ by the International Consortium of Investigative Journalists (ICIJ), published on Tuesday 14 November, have prompted reactions from Members of the European Parliament. The investigation revealed that Cypriot financial companies had helped Russian oligarchs and billionaires to hide their wealth abroad.

Only one weak link in the chain can undermine the fight against corruption, money laundering and oligarchs hiding their wealth in the EU”,...

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