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Washing machines. Kroll: 'Swiss banks, German banks, British banks, American banks - they launder all sorts of people's money' (Photo: BLPerk)

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Experts question EU money laundering probe on Cyprus

As anti-money-laundering auditors begin work in Cyprus, some experts, such as the head of European operations for US due-diligence firm Kroll, are questioning the value of the exercise.

EU lenders want it to shed light on whether bailout money will be used to protect the savings of Russian criminals.

But for a pro-transparency task force, its work is so far shrouded in secrecy.

The operation is being co-ordinated by the European Commission, the International Monetary Fund an...

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Author Bio

Andrew Rettman is EUobserver's Foreign Affairs Editor. He has been writing about foreign and security affairs for EUobserver since 2005. He is Polish but grew up in the UK. He has also written for The Guardian, The Telegraph, and The Times of London.

Washing machines. Kroll: 'Swiss banks, German banks, British banks, American banks - they launder all sorts of people's money' (Photo: BLPerk)

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Author Bio

Andrew Rettman is EUobserver's Foreign Affairs Editor. He has been writing about foreign and security affairs for EUobserver since 2005. He is Polish but grew up in the UK. He has also written for The Guardian, The Telegraph, and The Times of London.

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