Cyprus-Forum.com

[Viewpoint]

Russia’s booming underground economy and “endemic corruption” with its dizzying flows of illicit money, fed largely by oil and gas, is at the core of an 84-page report by Global Financial Integrity (GFI).The non-profit in Washington, D.C. is advising the Russian government on how to tackle this problem.

But buried deep inside is a gem: the amounts and flows of Russian “black money” into and out of Cyprus.

Cyprus is broke. Its banks carry on their books €152 billion in decomposing assets, about 8.5 times the country’s GDP of €17.8 billion. Of these “assets,” €23 billion are nonperforming—130% of GDP!

The banks also sit on €26 billion in Russian “black money,” according to a “secret” report by the German version of the CIA, the Bundesnachrichtendienst (BND), leaked last November

Read more: http://www.testosteronepit.com/home/201 ... z2KyPRz4j8

[repulsewarrior]

vp, it is not a lot of money if you think about it, and since we are talking about "the black money from Russia", it begs the question, where is the rest of it, where does the rest of it (come and) go?

thus, the contents of this report may be hopeful since it is focused on tackling this Russian problem on its larger scale.

...i hardly think Cyprus will come out of this so called scandal unscathed, but it will be stronger for it.

[Pyrpolizer]

No wonder all that comes from testosternone.com or else spermp_hormone.com
I always thought "Money Laundering" meant money from drugs, cazinos, prostitution etc.
Now we hear that "Money Laundering" means escaping the 20% corporate tax in Russia by paying 10% corporate tax in Cyprus or something between 8-12% in Malta....

As for what it says about the Banks the author is just our of reality.

[Viewpoint]

Typical blind and ignorant responses, its this attitude that has brought the south to its knees whereby it is begging for money.

[Pyrpolizer]

Typical blind and ignorant responses, its this attitude that has brought the south to its knees whereby it is begging for money.

Nonsense again. But if you want to beleive what a conspiracy theory site says you are free to do as you please.
I am just too bored to explain you the real truth. I will just give you some clues:

The Troika will give us a loan right? Do you know at what interest rate? Do you know when we will start paying back? Search yourself, find the right answers and then explain yourself why at this stage we are sooooo "broke".

And here's another clue. It is a fact that the Banks lost 4-5billion Euros because of the Greek dept.How much money did they earn from Greece all those years?

[Viewpoint]

Typical blind and ignorant responses, its this attitude that has brought the south to its knees whereby it is begging for money.

Nonsense again. But if you want to beleive what a conspiracy theory site says you are free to do as you please.
I am just too bored to explain you the real truth. I will just give you some clues:

The Troika will give us a loan right? Do you know at what interest rate? Do you know when we will start paying back? Search yourself, find the right answers and then explain yourself why at this stage we are sooooo "broke".

And here's another clue. It is a fact that the Banks lost 4-5billion Euros because of the Greek dept.How much money did they earn from Greece all those years?

So you begged the EU for money because you are broke, karma is such a bitch.

[Pyrpolizer]

Typical blind and ignorant responses, its this attitude that has brought the south to its knees whereby it is begging for money.

Nonsense again. But if you want to beleive what a conspiracy theory site says you are free to do as you please.
I am just too bored to explain you the real truth. I will just give you some clues:

The Troika will give us a loan right? Do you know at what interest rate? Do you know when we will start paying back? Search yourself, find the right answers and then explain yourself why at this stage we are sooooo "broke".

And here's another clue. It is a fact that the Banks lost 4-5billion Euros because of the Greek dept.How much money did they earn from Greece all those years?

So you begged the EU for money because you are broke, karma is such a bitch.

I see you got all your answers right not VP. Bravo!! Ilk okula simdiye lordo cocukle

[Viewpoint]

All these years you have been laughing at us for getting financial support from Turkey, now its your turn karma has worker its magic and you are now begging for financial support from the EU and Russia of all countries, but we will not stoop to your level and laugh like you do.

[GreekIslandGirl]

Germany has worse money-laundering record than Cyprus--FATF

12 January, 2013

Germany has a worse record on money-laundering than Cyprus, according to assessments by the Financial Action Task Force (FATF), the global body charged with tackling money-laundering.

The FATF and MoneyVal have published evaluation reports for all 17 countries in the eurozone.

A comparative table that was published on the Cyprus Ministry of Finance website this week shows that Germany is completely non-compliant in five of the FATF-recommended areas, whereas there are no areas in which Cyprus is completely non-compliant.
Cyprus is totally compliant in 12 areas, whereas Germany is totally compliant in only 5.

Cyprus also has the toughest regime in the EU for identification of beneficial ownership, with the obligation to identify ownership kicking in at 10%, instead of the obligation 25% threshold provided for in the 3rd EU anti-money-laundering directive .

http://www.financialmirror.com/news-det ... ?nid=28565

[Viewpoint]

Germany has worse money-laundering record than Cyprus--FATF

12 January, 2013

Germany has a worse record on money-laundering than Cyprus, according to assessments by the Financial Action Task Force (FATF), the global body charged with tackling money-laundering.

The FATF and MoneyVal have published evaluation reports for all 17 countries in the eurozone.

A comparative table that was published on the Cyprus Ministry of Finance website this week shows that Germany is completely non-compliant in five of the FATF-recommended areas, whereas there are no areas in which Cyprus is completely non-compliant.
Cyprus is totally compliant in 12 areas, whereas Germany is totally compliant in only 5.

Cyprus also has the toughest regime in the EU for identification of beneficial ownership, with the obligation to identify ownership kicking in at 10%, instead of the obligation 25% threshold provided for in the 3rd EU anti-money-laundering directive .

http://www.financialmirror.com/news-det ... ?nid=28565

So that makes it ok? stupidity knows no bounds.