in-cyprus18 Jul 2026

From banana crates to Wall Street: Inside the €350m crypto and SPAC money laundering ring

A shipping container that was supposed to hold Latin American bananas has triggered a sprawling international investigation linking record-breaking European drug busts to Wall Street hedge funds, California corporate executives, Dubai luxury real estate, and sophisticated cryptocurrency networks.

A detailed investigation by Bloomberg has uncovered the inner workings of an alleged multi-million-euro money laundering ring. The case began in autumn 2024, when Spanish authorities at the southern...

This is a summary. Read the full article at in-cyprus.

Read full article

More from Cyprus

All news

Cyprus Mail

EU sets October 2027 deadline for single-day trade settlement shift

The European Securities and Markets Authority (ESMA) has urged financial market participants to accelerate preparations for the European Union’s transition to a T+1 settlement cycle, warning that 2026 will be a decisive year ahead of the change scheduled for October 2027. The ...

today

Cyprus Mail

Global AI rules shift from strategy to enforcement

Effective enforcement mechanisms will be crucial to the credibility and success of artificial intelligence regulation, according to a new Omdia analysis examining AI policies and regulatory frameworks across major global markets. The findings were published in Omdia’s report, ...

today

Cyprus Mail

Pension reform proposal to be finalised by August 5, minister says

The government’s final proposal for pension reform is expected to be decided by August 5, after Labour Minister Marinos Mousiouttas meets Finance Minister Makis Keravnos, the labour minister said on Sunday. Mousiouttas said the draft bill would then be discussed with President...

today

Cyprus Mail

Adaptive federalism: a new constitutional design for Cyprus

As the United Nations Secretary General prepares to visit Cyprus, perhaps the most important question is not simply whether Cyprus can be reunited, but what kind of constitutional architecture could enable reunification to endure. For more than half a century, Cyprus has searc...

today