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Midweek Roundup: Moldova Joins Russian Tax Fraud Investigation, Vatican Sidesteps EU Transactional Restrictions, and More
printApproximately $763 billion in illicit funds circulated in and out of Russia between 1994 and 2011, advocacy group Global Financial Integrity (GFI) said in a report published Wednesday. The group also echoed concerns that Cyprus has functioned as a "laundry machine for dirty Russian money." More Separately, a group of European ministers agreed on Monday to order a third-party audit of Cyprus' anti-money laundering (AML) regime ahead of a potential bailout, Reuters reported Monday. More Moldova has joined Switzerland, Cyprus, Latvia and Lithuania in investigating alleged money laundering related to a $320 million tax fraud scheme identified by Russian lawyer...
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