Cypriot authorities seize €91 million in criminal assets over two years

Cypriot authorities have seized assets valued at nearly €91 million over the past two years in connection with domestic and international criminal investigations. According to the Unit for Combating Money Laundering (MOKAS), total seizures reached €63.2 million in 2024 and €27.6 million in 2025. The seized items include cash, real estate, luxury vehicles, cryptocurrencies, jewelry, and paintings. MOKAS reported that domestic seizures in 2025 exceeded €10 million, while assets frozen in response to five international mutual legal assistance requests totaled €17.1 million. The increased activity is attributed to a coordinated effort launched in 2023 between MOKAS, the police, and prosecutorial authorities to improve the recovery of illegal proceeds. The agency emphasized that these measures are intended both as a punitive tool and as a safeguard to prevent illicit funds from entering the legitimate financial system. Specific assets frozen domestically in 2025 included €8 million in real estate and over €617,000 in cryptocurrencies.