Cyprus
| Use attributes for filter ! | |
| Capital | Nicosia |
|---|---|
| Currency | Euro |
| Driving side | left |
| Points of interest | Petra tou Romiou |
| Nissi Beach | |
| Cape Greco | |
| Official_languages | Greek |
| Turkish | |
| Date of Reg. | |
| Date of Upd. | |
| ID | 607488 |
About Cyprus
Cyprus, officially the Republic of Cyprus, is an island country in the Eastern Mediterranean and the third largest and third most populous island in the Mediterranean, located south of Turkey, west of Syria and Lebanon, northwest of Israel, north of Egypt, and southeast of Greece.
Family courts: 'We kidnapped our kids from abusive dads and fled the UK'
...By Ed ThomasSpecial correspondentA growing number of women who say their children were handed to abusive partners by England and Wales family courts have abducted them and fled to Turkish-controlled northern Cyprus...
Eurovision 2023: The man who made a living betting his house on a song
... As the votes piled up, just two countries were left in contention: Israel and Cyprus...
'UK was slower but still they saved us from Sudan'
...By Nick Beake, Europe correspondent, & Nick Garnett, in CyprusBBC NewsAfter days of dread, fear and desperation, British families are now on rescue flights out of Sudan, making the 3,000-mile journey to safety...
Russian oligarchs: Where do they hide their 'dark money'?
... Where is the money held? Historically, much of this money has gone to Cyprus - To some, the island became known as " Moscow on the Med"...
Of Cyprus false rape claim-study: The women rallying for British teenager
... These were just a few of the many banners, posters and Poster panned by a lot of women, the rights activists, who stood and chanted messages of solidarity for a British teenager in Paralimni, Cyprus...
Teen's stolen ashes recovered in Cyprus, after the tears call, the thief rich
... they chose Cyprus, but of the container with his ashes was stolen, and they ate from the back of the family car, while...
EU urges crackdown on 'golden passports' for big investors
... Cyprus, Malta and Bulgaria enter the passport of non-EU nationals who have sufficient investment in their countries...
... Cyprus - Melina Karageorgiou and Alexandros TaramountasHow many times have you commentated on Eurovision? Melina: This will be my 10th time! Alexandros: This will be my first time and I am super excited! Can t wait to live this unique experience...
Russian oligarchs: Where do they hide their 'dark money'?
For decades, Russian oligarchs have moved billions of dollars of ill-gotten money abroad, putting it in shell companies to make it extremely hard to trace.
Now, countries around The World are Taking Steps to track it down.
How much Russian 'Dark Money ' is there around The World ?US Think Tank the Atlantic Council says that Russians have about $1tn (£750bn) of what it calls " Dark Money " hidden abroad.
Its estimated that one-quarter of this amount is controlled by Russian President Vladimir Putin and his close associates - Wealthy Russians known as " oligarchs".
" This money can be exploited and steered by the Kremlin for espionage, terrorism, industrial espionage, bribery, political manipulation, disinformation, and many other nefarious purposes, " The Report said.
How was the Dark Money made?Another US Think Tank , The National Endowment for Democracy, says " to steal from The State budget, extort money from private businesses, and even orchestrate the outright seizure of profitable enterprises".
It says that in this way, they have built up personal fortunes running into the tens of billions.
Russian opposition leaders Boris Nemtsov and Vladimir Milov have claimed that between 2004 and 2007,
The, released by The International Consortium of Investigative Journalists, note that people close to Putin have become very Wealthy - and could be helping him move his own wealth around.
Where is The Money held?Historically, much of this money has gone to Cyprus - To some, The Island became known as " Moscow on the Med".
According to the Atlantic Council , $36bn (£27bn) of Russian money went there in 2013 alone. Much of it arrived via shell companies, which are used to obscure the true owners.
In 2013, The International Monetary Fund persuaded Cyprus to close tens of thousands of bank accounts held by shell companies.
and the Cayman Islands , are also favourite destinations.
A report by said that in 2018, Russian oligarchs had an estimated $45. 5bn (£34bn) in these tax havens.
Some of this money finds It Way to financial capitals such as New York and London, where it can be invested and reap returns.
The anti-corruption organisation Transparency International claims that is owned by Russians accused of financial crime, or with links to the Kremlin.
The breadth of Russian Money Laundering was further exposed in a 2014 report by the Organized Crime and Corruption Reporting Project into the. It said that between in 2011 and 2014, 19 Russian banks laundered $20. 8bn (£15. 6bn) to 5,140 companies in 96 countries.
How is The Money hidden?The usual way that Russian oligarchs hide their " Dark Money " abroad is through shell companies.
" These oligarchs hire the Best Lawyers , auditors, bankers, and lobbyists in The World to develop legal means to conceal and launder their funds, " says the Atlantic Council .
" A serious oligarch has layers of anonymous shell companies in a score of offshore jurisdictions, and his funds move at lightning speed between them. "
In 2016, The International Consortium of Investigative Journalists published the, which showed one company alone had Set Up 2,071 shell companies for Wealthy Russians.
What steps are being taken to dig out oligarchs' money?Following The Invasion of Ukraine, countries have announced a series of measures to track down Russian money.
The US is setting up a new " KleptoCapture" Task Force to Crack Down on The The finances of Russia's oligarchs.
It will be run by the Justice Department and is meant to seize assets obtained through unlawful conduct.
The UK government has taken steps to increase its use of Unexplained Wealth Orders (UWOs), which oblige people to prove where they got The Cash to buy assets in the UK.
Account Freezing Orders (AFOs) allow courts to freeze funds in a bank or building society if they suspect The Money is linked to criminal activity.
And the government has approved the Economic Crime Act, with a register of beneficial ownership for property owned by overseas entities.
The UK also has, which gave residency rights to Wealthy foreigners if they invested large amounts of money in the country.
Malta, a favourite haven for Russian money, has also scrapped its " golden passport" scheme which allowed oligarchs to buy citizenship. Cyprus and Bulgaria scrapped their golden passport schemes in 2020.
Source of news: bbc.com
