In Cyprus, 13 search warrants were carried out at various places.
Investigations in Limassol resulted in over €650,000 in cash confiscated, along with various valuables, electronics, mobile phones and bank documents, among others.
Over €25 million in cryptocurrencies were frozen, while six luxury cars valued at over €650,000 were confiscated.
Furthermore, Cyprus’ money laundering unit Mokas held 14 apartments valued at over €7 million.
On a European level, in the framework of Yuzuk, 23 people were arrested in Spain, France and Slovenia, 90 residences were searched in Spain, France and Cyprus, €8.2 million in cash were confiscated, €29.5 million in cryptocurrency were frozen, 36 luxury cars and assets were confiscated, and valuables worth hundreds of thousands of euros were also confiscated.
Participating in Yuzuk operations were the police forces of Cyprus, Croatia, France, Germany, Slovenia and Spain, as well as Europol and Eurojust.
On October 28, 2024, an operation was launched in Limassol to dismantle a black money and money laundering network, under Europol guidance in close cooperation with Cyprus police.
Sources said the operation included a large number of police officers across various departments, who were raiding houses and businesses, belonging mainly to foreigners, to gather evidence.
The operation in October led to the seizure of €500,000 in cash, the sources said.
The probe, planned weeks in advance, had involved close surveillance of specific individuals.
A substantial police contingent from various departments, along with government officials, participated in the investigation, searching for evidence, including money and other crucial material.
Authorities searched apartments, private residences, commercial premises and businesses owned by foreign nationals. Investigators also scrutinised the financial activities of suspects and the origin of their funds.
Law enforcement officials maintained strict confidentiality around the operation.
