HOW ANTI-MONEY LAUNDERING LAWS PUT RUSSIAN FIRMS IN CYPRUS IN A SPIN

The EU country is driving out companies that once were lured to it shores by its low-tax status

Bloomberg
BUSINESS IN DEPTH


For Russian businesses, Cyprus just is not what it used to be. New Cypriot anti-money laundering rules are compounding the effects of US sanctions against Russia and its high-profile citizens, driving money away from the one-time haven. “Russians are...

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