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Cyprus nears conclusions in probe of Russian sanctions violations

Cyprus nears conclusions in probe of Russian sanctions violations
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US sanctions prompt investigation into fictitious transactions

A raid on a lawyer s lobbying firm offices was carried out last Tuesday by the Cyprus Bar Association (CBA). This development concerns an investigation into suspected fictitious transactions by the firm associated with the said lawyer, shortly after US sanctions were imposed on entities of the Intel

Yemen Central Bank Acts to Stop Currency Collapse, Money Laundering

The Central Bank of Yemen is taking action to address the plummeting value of the Yemeni rial and combat financial crimes. This follows the second installment of a $250 million grant from Saudi Arabia to the Yemeni government. Despite previous efforts to stabilize the exchange rate through regular currency auctions, disruptions in oil exports due to Houthi attacks on ports have caused the rial to drop.

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