Cyprus still haunted by money laundering claims
28 Mar 2017

Cyprus’ reputation is taking a hammering abroad with past sins related to money laundering being rehashed and presented as current realities as US media dig deep to link the Trump administration with Russia.

Cypriot authorities have been slow to respond publicly to some particularly damaging reports that have placed the island in the crosshairs after it has spent the years since the financial crisis trying to improve its image as an investment hub. Its application of regulations has been so successful that a recent report by Transparency International said that Cyprus disclosed the most complete set of anti-money laundering data among 12 analysed countries which included the US and UK.

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