Financial Services category powered by

ICIJ report to be discussed at European Parliament Plenary

The Cyprus Confidential investigation by the International Consortium of Investigative Journalists (ICIJ) will be discussed at the European Parliament Plenary next week, in the presence of representatives from the European Commission and Council of the EU.

It was decided that the discussion will take place on Wednesday, 22 November, without requiring the approval of a resolution.

As the EP announced when publishing the Plenary’s agenda for 20-23 November, MEPs will discuss what measures the EU needs to take regarding the latest so-called revelations about Cyprus’ involvement in money laundering and circumventing the sanctions that were imposed against Russian oligarchs.

“The latest investigation carried out by the International Consortium of Investigative Journalists (ICIJ) revealed that Cypriot investment firms and banks have been allegedly involved in hiding the wealth of sanctioned Russian oligarchs and billionaires,” the EP’s press release states.

“MEPs are set to discuss with the Council and the Commission how to urgently and effectively plug all loopholes in the financial system and accelerate the ongoing negotiations with member states on tighter anti-money laundering rules”.

Read More

GOLD New Issue: The Shipping Forecast
Takis Arapoglou: “2023 was a year we fully reaped the benefits of the Bank’s transformation”
Panicos Nicolaou: Strong performance for Bank of Cyprus with a distribution over six-times higher than 2023
Cyprus joins the International Propeller Club of the United States (pics)
International and local experts address the 7th Cyprus HealthCare Conference (pics)
Supporting rural areas is a primary goal for the government, President says
AstroBank: Investment opportunities in Paphos
Cyprus hosting regional Ministerial Meeting on immigration
Fokion Karavias: “All our strategic initiatives, including Hellenic Bank in Cyprus, are on track”
Leptos Group: Paphos remains the champion of property sales to foreign nationals