{"id":4795,"date":"2025-03-13T03:43:37","date_gmt":"2025-03-13T03:43:37","guid":{"rendered":"https:\/\/in-greece.com\/index.php\/2025\/03\/13\/cyprus-puts-russian-assets-in-sights\/"},"modified":"2025-03-13T03:43:37","modified_gmt":"2025-03-13T03:43:37","slug":"cyprus-puts-russian-assets-in-sights","status":"publish","type":"post","link":"https:\/\/in-greece.com\/index.php\/2025\/03\/13\/cyprus-puts-russian-assets-in-sights\/","title":{"rendered":"Cyprus puts Russian assets in sights"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div id=\"post-1263921\">\n    <!-- .entry-header --><\/p>\n<div class=\"first-img article_thumbnail_wrapper\" itemscope=\"\" itemprop=\"associatedMedia\" itemtype=\"http:\/\/schema.org\/ImageObject\">\n                                                                    <picture><source media=\"(max-width: 767px)\" srcset=\"https:\/\/www.ekathimerini.com\/wp-content\/uploads\/2017\/02\/cyprus_flag_shadows_web-320x200.jpg?v=1612123765\"><img loading=\"lazy\" decoding=\"async\" width=\"960\" height=\"600\" class=\"picture-main-block-image\" data-nxsrc=\"https:\/\/www.ekathimerini.com\/wp-content\/uploads\/2017\/02\/cyprus_flag_shadows_web.jpg?v=1612123765\" alt=\"Cyprus puts Russian assets in sights\" src=\"https:\/\/www.ekathimerini.com\/wp-content\/uploads\/2017\/02\/cyprus_flag_shadows_web.jpg?v=1612123765\"\/><br \/>\n                        <\/source><\/picture>\n                                                        <\/div>\n<div class=\"entry-content\" itemprop=\"articleBody\">\n<p>Over 1.2 billion euros\u2019 worth of Russian assets have been frozen in Cyprus, as part of Europe\u2019s broader effort to curb suspicious financial transactions amid ongoing sanctions on Russia over its invasion of Ukraine. However, most of these assets are not physically in Cyprus.<\/p>\n<p>Only a small portion is in cash or local assets; most of the \u20ac1.2 billion is managed through funds and services outside the country.<\/p>\n<p>The Cyprus Securities and Exchange Commission (CySEC) has been actively investigating these assets. Its 2024 report highlighted efforts to ensure companies under its supervision comply with anti-money laundering (AML) and anti-terrorist financing measures.\u00a0<\/p>\n<p>Last year, nearly 90 audits were conducted to evaluate how businesses manage the risks of illicit financial activities, including compliance with EU sanctions on Russia. CySEC also referred cases involving the transfer of Russian assets to Russian repositories for police investigation.<\/p>\n<p>In addition to investigating Russian asset movements, CySEC\u2019s AML department reviewed 510 reports from compliance officers and internal audits submitted by financial companies.<\/p>\n<\/p><\/div>\n<p><!-- .entry-content --><\/p>\n<\/div>\n<p><script>\n        var NXFBPixelFunc = function () {\n            document.removeEventListener(\"scroll\", NXFBPixelFunc);\n            setTimeout(function () {\n                !function (f, b, e, v, n, t, s) {\n                    if (f.fbq) return;\n                    n = f.fbq = function () {\n                        n.callMethod ?\n                            n.callMethod.apply(n, arguments) : n.queue.push(arguments)\n                    };\n                    if (!f._fbq) f._fbq = n;\n                    n.push = n;\n                    n.loaded = !0;\n                    n.version = '2.0';\n                    n.queue = [];\n                    t = b.createElement(e);\n                    t.async = !0;\n                    t.src = v;\n                    s = b.getElementsByTagName(e)[0];\n                    s.parentNode.insertBefore(t, s)\n                }(window, document, 'script',\n                    'https:\/\/connect.facebook.net\/en_US\/fbevents.js');\n                fbq('init', '109138906120213');\n                fbq('track', 'PageView');\n            }, 0)\n        };\n        document.addEventListener(\"scroll\", NXFBPixelFunc);\n    <\/script><br \/>\n<br \/><br \/>\n<br \/><a href=\"https:\/\/www.ekathimerini.com\/economy\/1263921\/cyprus-puts-russian-assets-in-sights\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Over 1.2 billion euros\u2019 worth of Russian assets have been frozen in Cyprus, as part of Europe\u2019s broader effort to curb suspicious financial transactions amid ongoing sanctions on Russia over its invasion of Ukraine. However, most of these assets are not physically in Cyprus. Only a small portion is in cash or local assets; most &#8230; <\/p>\n<p class=\"read-more-container\"><a title=\"Cyprus puts Russian assets in sights\" class=\"read-more button\" href=\"https:\/\/in-greece.com\/index.php\/2025\/03\/13\/cyprus-puts-russian-assets-in-sights\/#more-4795\" aria-label=\"Read more about Cyprus puts Russian assets in sights\">Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":4796,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"fifu_image_url":"https:\/\/www.ekathimerini.com\/wp-content\/uploads\/2017\/02\/cyprus_flag_shadows_web.jpg?v=1612123765","fifu_image_alt":"","footnotes":""},"categories":[2],"tags":[],"class_list":["post-4795","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","no-featured-image-padding"],"_links":{"self":[{"href":"https:\/\/in-greece.com\/index.php\/wp-json\/wp\/v2\/posts\/4795","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/in-greece.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/in-greece.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/in-greece.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/in-greece.com\/index.php\/wp-json\/wp\/v2\/comments?post=4795"}],"version-history":[{"count":0,"href":"https:\/\/in-greece.com\/index.php\/wp-json\/wp\/v2\/posts\/4795\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/in-greece.com\/index.php\/wp-json\/wp\/v2\/media\/4796"}],"wp:attachment":[{"href":"https:\/\/in-greece.com\/index.php\/wp-json\/wp\/v2\/media?parent=4795"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/in-greece.com\/index.php\/wp-json\/wp\/v2\/categories?post=4795"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/in-greece.com\/index.php\/wp-json\/wp\/v2\/tags?post=4795"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}