Cypriot Government Signs MoU with FBI to Bolster Fight Against Financial Crimes and Corruption

Nicosia, Cyprus

The Cypriot Council of Ministers recently approved the signing of a memorandum of understanding (MoU) between the Cyprus Police and the Federal Bureau of Investigation (FBI). The agreement aims to address possible sanctions violations, money laundering, and corruption cases.

Enhanced Cooperation with the US

The cooperative agreement underscores Cyprus’ commitment to work closely with the US in tackling financial offenses and bolstering efforts to investigate and prosecute related crimes. This move comes after Cyprus announced enhanced cooperation with the US on money laundering issues.

Collaborative Efforts against Financial Crimes

The MoU reflects the government’s determination to confront and effectively address financial crimes and their associated risks. Under the terms of the agreement, cooperation between the two countries will concentrate on:

1. Exchange of information: The MoU emphasizes the importance of sharing knowledge and information to strengthen investigative capabilities.
2. Expertise in investigative methodologies, tactics, and techniques: The partnership aims to exchange skills and expertise to improve investigative techniques and strategies related to financial crimes.
3. Maintaining confidentiality: Throughout the entire process, the fundamental principle of confidentiality will be maintained to protect sensitive information.

Strengthening Law Enforcement Capacities against Illegal Financial Activities

The statement released by the Council of Ministers noted that the memorandum represents the efforts of the President to fortify Cyprus’ law enforcement capabilities. The agreement is expected to foster a collaborative and strong working relationship between the Cyprus Police and the FBI in the pursuit of justice and the eradication of financial crimes and corruption.