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Related: About this forumBank of Cyprus Closes Accounts of Russians - UATV
'Ask few questions' Cyprus closes its banks for Russian oligarchs. The scale of economic outflow from Russia to Cyprus was huge in 20142022. EU legislation to counter money laundering and comply with sanctions made it difficult for Russians themselves to hold money in the Cypriot banks.
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Bank of Cyprus Closes Accounts of Russians - UATV (Original Post)
TexasTowelie
Jan 2024
OP
Excellent news! Cyprus was Russian crime's center for banking and laundering money.
Martin68
Jan 2024
#1
Martin68
(24,299 posts)1. Excellent news! Cyprus was Russian crime's center for banking and laundering money.
Its not only damaging. It is embarrassing and humiliating.
Quakerfriend
(5,577 posts)2. Good! 'Bout time!! I wonder how
AllaN01Bear
(22,667 posts)3. eggsclwent.
also the us center for that activity too also.
Warpy
(112,992 posts)4. Wow. I wonder if other stash banks will follow suit
Switzerland, we're all looking at you.