There have been rumors of money laundering plaguing Cyprus in recent years from all of the money coming in from Russia.
MEPs have urged Cypriot president Nicos Anastasiades to “correct” the mishandling of a Russia corruption case. The 17 deputies voiced “grave concern” in a letter to Nicosia on Friday (26 October) that Cyprus was “actively assisting” Russia in “politically-motivated proceedings” against Bill Browder, a British human rights campaigner. They also called on Cyprus to hold an investigation into alleged Russian money laundering via Cypriot banks. They said Cyprus was “neglecting its duties under the European directives to combat money laundering”.
Wow. Just wow. They seize the accounts so they just brazenly open up new accounts and keep on going.
And then there's this:
According to journalists, the management of Wargaming LLC, including the Head of Payments, the Director of Wargaming Group Limited Makis Savvides, and Adamos Savvides who is the Head of Global Payments at Wargaming LLC, are aware of the existence of this money-laundering scheme. It is also possible that the following employees of the financial and other departments of Wargaming LLC are involved in money laundering: Elena Lakhadynova, Nika Lucacova, Roman Romanovsky, Tamara Sakolchik, Filippos Kyriacou. All these people appear in the documents and correspondence with the management of the GlobalMoney payment system.