Cyprus Crackdown After Oligarch Revelations
The Guardian|November 15, 2023
Cyprus has vowed to tighten controls on its financial sector as an investigation published by the Guardian and its reporting partners reveals oligarchs transferred hundreds of millions in assets while sanctions loomed after the Russian invasion of Ukraine.
Simon Goodley , Helena Smith  , Juliette Garside
Cyprus Crackdown After Oligarch Revelations

The role of the blue-chip accountants PwC Cyprus and other advisers in managing transactions as Vladimir Putin’s forces launched their assault has emerged from Cyprus Confidential, a cache of 3.6m files leaked by an anonymous source to the International Consortium of Investigative Journalists (ICIJ) and Germany’s Paper Trail Media, which shared access with the Guardian and other reporting partners.

The largest ever financial data leak from Cyprus also sheds light on how opaque offshore structures managed by accountants and corporate service providers in the EU member state may have enabled undisclosed payments to an influential western journalist, and potential breaches of rules around football club financing.

The Cypriot government has responded by promising a “zero-tolerance approach” to sanctions violations as it battles to safeguard its status as a financial centre.

In response to detailed questions from the consortium, a spokesperson said Cyprus was receiving technical support from the British government to create a sanctions implementation unit next year, with plans to be submitted this month alongside a report on how its authorities investigate and prosecute financial crime. It has also joined an EU cross-border project on making sanctions effective.

The exact rules around timing and enforcement of the sanctions against Putin and the officials, politicians and business leaders close to his regime is now under scrutiny, both within Cyprus and around Europe.

Denne historien er fra November 15, 2023-utgaven av The Guardian.

Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.

Denne historien er fra November 15, 2023-utgaven av The Guardian.

Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.

FLERE HISTORIER FRA THE GUARDIANSe alt
The Guardian

US politics Rivalries break out ahead of inauguration

Internal rivalries in Donald Trump's team have spilled into public view with Boris Epshteyn, a top adviser to Trump, being accused of asking potential administration nominees to pay fees in exchange for promoting them to the president-elect.

time-read
1 min  |
November 27, 2024
Canada Trudeau calls emergency talks to discuss threat to exports
The Guardian

Canada Trudeau calls emergency talks to discuss threat to exports

Justin Trudeau has called an emergency meeting with provincial premiers across Canada after the US president-elect, Donald Trump, threatened a 25% tariff on imports from the United States' northern neighbour and largest trading partner.

time-read
2 mins  |
November 27, 2024
Warnings of trade war after Trump's tariff threat against China, Canada and Mexico
The Guardian

Warnings of trade war after Trump's tariff threat against China, Canada and Mexico

Donald Trump's threat to impose steep tariffs on goods imported into the US has sparked warnings of a bitter global trade war and drawn sharp responses from Canada, China and Mexico, with the latter threatening retaliatory tariffs.

time-read
3 mins  |
November 27, 2024
Ruling on definition of 'women' challenged in Scotland
The Guardian

Ruling on definition of 'women' challenged in Scotland

The supreme court has been urged to uphold \"the facts of biological reality rather than the fantasies of legal fiction\" in a case brought by Scottish campaigners about how women are defined in law.

time-read
2 mins  |
November 27, 2024
The Guardian

TfL to fine firms whose ebikes block pavements in London

Dockless ebike companies will be fined when their cycles block roads and spaces outside underground stations under a crackdown by Transport for London.

time-read
1 min  |
November 27, 2024
Police accused of forcing Gypsy children to leave city on trains
The Guardian

Police accused of forcing Gypsy children to leave city on trains

Representatives from Gypsy and Traveller communities have said that they want \"accountability not apologies\" after children attending the Christmas markets in Manchester were \"forced on to trains\" by police.

time-read
1 min  |
November 27, 2024
Mother killed herself but wrote 'I was murdered', court hears
The Guardian

Mother killed herself but wrote 'I was murdered', court hears

A young mother killed herself and left a note saying \"I was murdered\" after suffering years of abuse at the hands of her ex-boyfriend, a court heard yesterday.

time-read
1 min  |
November 27, 2024
Five survivors found a day after tourist boat sank in the Red Sea
The Guardian

Five survivors found a day after tourist boat sank in the Red Sea

Egyptian naval forces recovered four bodies and rescued five more people from the Red Sea a day after a large tourist boat sank in rough waters, officials have said.

time-read
1 min  |
November 27, 2024
Manager and seven staff at backpacker hostel held over tourist deaths
The Guardian

Manager and seven staff at backpacker hostel held over tourist deaths

Police in Laos have detained the manager and seven staff of a backpacker hostel in Vang Vieng following the deaths of six tourists from a suspected mass methanol poisoning.

time-read
2 mins  |
November 27, 2024
McQueen chronicles century of protest as portrait of Britain
The Guardian

McQueen chronicles century of protest as portrait of Britain

After retelling the story of the Blitz from a new angle, Steve McQueen's next project is an alternative photographic history of protest and campaigning in Britain, spanning a century from the Suffragettes to the Iraq war protests.

time-read
2 mins  |
November 27, 2024