In a press briefing at the Presidential Palace today, Government Spokesperson Konstantinos Letymbiotis addressed questions from journalists, responding to queries regarding a report on financial corruption in Cyprus by the International Consortium of Investigative Journalists which is expected to be released today at 6 p.m.
Regarding the report, Letymbiotis asserted, “We have reviewed the reports. Over the past few years, our country has significantly fortified its position. We state this with confidence and assurance, as we are well aware of the current framework in place and its effective implementation. A meeting under the President of the Republic was conducted last week to oversee the implementation of the latest measures taken by our government. We will continue to strengthen our financial system and the country’s credibility, as evident in Moneyval reports and economic assessments. Any necessary response will be promptly issued following the data presentation this afternoon.”
Responding to another question, Letymbiotis emphasised the clarity of measures implemented in the past year and beyond. He highlighted the relevance of the positions taken by the US and UK governments concerning the credibility of the Republic of Cyprus and its immediate response to sanctions.
“We are confident that the Republic of Cyprus stands today as a reliable nation with a robust financial system, arguably one of the most stringent frameworks in place. Our commitment to maintaining this credibility remains unwavering. Our tolerance for issues related to money laundering or sanctions evasion is zero and will continue to be so,” stated Letymbiotis.
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