The government has received requested data on legal and natural persons in the Republic who had been placed on the US anti-Russian sanctions list, it was reported on Tuesday.
President Nikos Christodoulides is expected to present the evidence to the legal service.
According to information on StockWatch the data is included in a massive portfolio of 800 pages.
The submitted evidence covers Cypriot law and audit firms that appear to be involved in the activities of Russian oligarch Alisher Usmanov, who is on both the US and UK sanctions list.
It is recalled the lists named natural persons and companies in Cyprus said to be at the center of a network of trusts and offshore companies related to Usmanov.
The law firm Christodoulos G. Vassiliades & Co. was included in the US sanctions list, it became known to the Cypriot authorities last April.
The firm’s Managing Director Christodoulos Vassiliadis denied any involvement of his office based on the data then provided by the US supervisory authorities.
Following publication of the US and UK sanctions lists Christodoulides convened meetings with all relevant ministries, the legal service, the Central Bank and professional associations of lawyers and auditors.
He also contacted a senior US government official and conveyed the intention of the state to fully clarify and bring to justice cases of criminal offence or violation of any laws of the Republic or EU sanctions against Russia.
Affected banks, meanwhile, to safeguard their interests, took the action of freezing accounts of named individuals, despite these not appearing on UN or EU lists.
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