New MoU: Cyprus and Greece Strengthen Anti-Money Laundering Efforts

by News Editor

May 28, 2025

In a strategic effort against financial misconduct, Cyprus and Greece have recently signed a Memorandum of Understanding (MoU). This agreement will enhance the exchange of information related to money laundering and terrorism financing.

Enhancing Cross-Border Collaboration

According to the Law Office, this MoU signifies the beginning of promising collaboration for conducting joint analyses on money laundering risks facing both nations. The initiative will promote the sharing of best practices and capacity-building through joint training.

Follow THE FUTURE on LinkedIn, Facebook, Instagram, X and Telegram

The primary goals include increasing criminal prosecutions related to money laundering and bolstering the efforts towards freezing or seizing illegal assets.

Cross-border collaboration remains essential, as the majority of money laundering activities traverse international lines. The MoU highlights the “very effective cooperation” between Cyprus’s Mokas and Greece’s FIU.

Building a Safer Economic Environment

This MoU is a testament to both countries’ commitment to combating financial crime on an international scale.

The Future Forbes Realty Global Properties

Greek Tankers Transit Hormuz As Shipping Risks Rise In Gulf And Black Sea

by THEFUTURE.TEAM

March 16, 2026

Two tankers linked to George Prokopiou passed through the Strait of Hormuz as regional tensions continue to affect shipping routes in the Gulf.

Safe Passage Through Hormuz

The tanker Smyrni, operated by Dynacom Tankers Management, was observed off the coast of Mumbai on Saturday morning after its earlier positioning in the Persian Gulf. The vessel, like its predecessor Shenlong, temporarily disabled its transponder during transit, a common practice in these narrow channels under uncertain conditions.

Follow THE FUTURE on LinkedIn, Facebook, Instagram, X and Telegram

Robust Market Commitments

Despite reduced shipping traffic through the strait, Dynacom has continued expanding its fleet. The company recently ordered four additional VLCC tankers from Hengli Heavy Industry. Each vessel will have a capacity of 300,000 deadweight tonnes. With the new order, Dynacom’s VLCC program in Chinese shipyards now totals 16 vessels.

Security Incident In The Black Sea

In a separate incident, the Greek-flagged tanker Maran Homer sustained minor damage near Novorossiysk in the Black Sea. The vessel is operated by Maran Tankers Management, part of the shipping group controlled by Maria Angelicoussis.

Reports indicated the ship was struck by a missile or drone about 14 nautical miles from the port. The crew of 24, including Greek, Filipino and Romanian sailors, was not injured. The vessel, which was not carrying cargo, continued sailing under its own power.

Breaking news