Cyprus is becoming a major player in international money laundering networks linked to Latin American drug cartels, Paphos Mayor Phedonas Phedonos warned on Wednesday.
The island, already known as a hub for drug use and trafficking, is now reportedly being used to launder dirty money flowing in from some of the world’s most dangerous criminal organisations, according to the mayor.
In his statement, Phedonos said Cyprus had “hit a tragic
