A lawmaker has alleged that a loophole in the country’s customs procedures could be used for money laundering.
AKEL MP Christos Christofides informed the Auditor General about the potential loophole, which involves a private flight entry point in Cyprus, according to Philenews.
Christofides said there was no permanent customs officer at the location and that checks were only conducted when necessary. He emphasised that individuals travelling via private flights are considered high-risk and that the loophole could be exploited for money laundering.
The Audit Office has reportedly launched an investigation into the matter.
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