Cypriot Authorities Arrest Woman Suspected of Money Laundering, Total Amount Involved: 6 Million Euros

Arrest of the Suspect

Nicosia, Cyprus: In a major crackdown on financial crimes, the Cyprus Police have arrested a 31-year-old woman on charges of money laundering from suspected illegal activities. The suspect was apprehended on March 1, 2024, following a judicial order issued by the Nicosia District Court, allowing her detention for up to five days.

Preliminary Investigation Findings

According to a preliminary investigation by the Financial Crime Unit of the Police Headquarters:

• The woman allegedly entered Cyprus multiple times between August 2023 and March 2024 through Larnaca and Paphos airports.
• She declared large sums of money upon her arrivals, totaling approximately 6 million euros.

The Woman’s Statements and Ongoing Investigation

During her most recent visit on March 1, 2024, the suspect arrived in Cyprus by air and declared the transfer of a significant amount of money to the customs authorities. However, during the initial questioning, she was uncooperative with the investigating authorities, providing vague explanations such as handing the money to a friend.

The evidence gathered thus far does not provide enough clarity on the origin of the funds and their reason for being transferred to Cyprus. The suspect is currently under investigation for her involvement in a criminal organization, participation and acceptance of the commission of crimes, money laundering from illegal activities, and conspiracy to commit a crime.

Updates from the Cyprus Police

As the investigation continues, the Cyprus Police are keeping a watchful eye on this evolving situation. Stay tuned to in-cyprus for further updates on this money laundering case and other news from Cyprus and around the world.