Northern Cyprus’ Casinos on US State Bureau’s Radar

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A US State Department report have found weaknesses in the Turkish-occupied North of Cyprus’ Casino trade and the offshore banking sector. The report stated that this area remains a significant cause for concern for money laundering and terrorist financing activity.

According to the US State Department’s Bureau of International Narcotics & Legal Enforcement Affairs; sufficient anti-money laundering (AML) procedures were not adequately enforced to effectually prevent such practices within the territory.