Cyprus confidential revelations: MEPs to quiz the Council and the Commission  

In light of the latest revelations on money laundering and evasion of sanctions against Russia in Cyprus, MEPs will discuss counter-measures on Wednesday.

The latest investigation carried out by the International Consortium of Investigative Journalists (ICIJ) revealed that Cypriot investment firms and banks have been allegedly involved in hiding the wealth of sanctioned Russian oligarchs and billionaires.

MEPs are set to discuss with the Council and the Commission how to urgently and effectively plug all loopholes in the financial system and accelerate the ongoing negotiations with member states on tighter anti-money laundering rules.

Debate: Wednesday 22 November

Procedure: Council and Commission statements without resolution