Cyprus is a money laundering center of EU. https://abcnews.go.com/Business/wireStory/cyprus-urged-laundering-foreign-illicit-cash-68932991 https://abcnews.go.c

Cyprus is a money laundering center of EU. https://abcnews.go.com/Business/wireStory/cyprus-urged-laundering-foreign-illicit-cash-68932991 https://abcnews.go.com/Business/wireStory/cyprus-urged-laund... The body also said the money laundering risk in the real estate sector has “increased exponentially" under the Cyprus Investment Program which enables third county nationals who buy property in the country to gain Cypriot — and by extension European Union — citizenship.