Almost 40 percent of deposits in Cypriot banks belong to foreigners, with CNBC's Robert Frank; and Ken Rijock, financial crime consultant; Mark Hannah, Former Kerry & Obama Campaign Aide; and Chip Saltsman, Former Huckabee Campaign Manager, discuss.
Tuesday, March 19, 2013
Cyprus Laundering Money for the Russian Mob ?
Is EU Demanding Percentage Of Cyprus Bank Savings Accounts Because Wealthy Russians Hide Money There . Cyprus is not a tax haven for Russia. it is the tax haven for Russian billionaires and millionaires. Russia investment is five times the total economic output for Cyprus and they account for about 1/3 of the total. one is the fertilizer magnate who is the biggest holder.
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