Cyprus c bank refutes alleged money laundering

CYPRUS - The Central Bank of Cyprus has refuted allegations in a Financial Times report, published on 25 July, that knowingly it was involved in sanctions busting and money laundering during the years when UN sanctions against Yugoslavia were in force.

A central bank press release issued here today stressed that "Cyprus had scrupulously adhered to the implementation of sanctions against Yugoslavia as contained in the relevant Security Council resolutions and, as a result of this adherence, more

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