A total of 1,642 financial offences were reported in Cyprus between 2019-2021 and 1,447 of them have been cleared, Philenews reported on Monday citing police data.
Forgery, false representation, impersonation and fraud in the sale or mortgage of property are the dominant offences on the list of financial crimes.
According to the data, reported cases in the crime register in 2019 were 425, with the cleared ones being 382. That is, the clearance rate was 89.9%.
In 2020, registered cases were 555, with the cleared ones being 478. The clearance rate was at 86.1%.
In 2021, reported cases in the crime register were 662, with the cleared ones being 587. Â The clearance rate was 88.7%.
Forgery and false representations were, by far, the most common financial offences over the past three years.
More specifically, securing credit by false representations, currency-related offences and fraud in the sale or mortgage of property.
In addition, Police received complaints about money laundering that come under the Prevention and Combating of Money Laundering Act.
