Police are conducting a large-scale operation in Limassol targeting suspected money laundering networks.
The operation, which began Monday morning, has already led to the seizure of €500,000 in cash, sources told philenews. The probe, planned weeks in advance, has involved close surveillance of specific individuals.
Europol and Eurojust are supporting the operation, working in close cooperation with Cypriot authorities. A substantial police contingent from various departments, along with government officials, are participating in the investigation, searching for evidence including money and other crucial materials.
According to philenews, authorities have conducted searches at apartments, private residences, commercial premises and businesses owned by foreign nationals. Investigators are scrutinising the financial activities of suspects and the origin of their funds.
Law enforcement officials are maintaining strict confidentiality around the operation, which remains ongoing.
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