Police arrested a 43-year-old man as part of an investigation into a 31-year-old Ukrainian woman suspected of money laundering.
The woman allegedly brought nearly €8 million into the country in less than a year.
Police say they arrested the man to assist with inquiries. He’ll appear in court today for a detention order.
Authorities are reportedly trying to determine the source of the funds and their intended recipient within Cyprus.
According to a report by Phileleftheros, a court order has been granted to access the woman’s telecommunications data to identify her contacts in Cyprus. This information is expected to shed light on how the money was moved before reaching its final destination.
One theory, as reported by Phileleftheros, suggests the money may have ended up in a bank within the occupied territories, or given to individuals connected to the sender areas controlled by the Republic of Cyprus. Regardless, it’s clear the funds weren’t used for their declared purpose.
The Unit for Combating Money Laundering (MOKAS) is also involved in the investigation, working with foreign authorities to trace the woman’s movements.
The Ukrainian woman faces 60 charges in total, relating to 20 separate incidents. These charges include conspiracy to defraud, money laundering, and providing false information.
The alleged offences are said to have occurred between August 2023 and March 1, 2024, and involve the transfer of €7,832,400 to Cyprus.
Read more:
