As president of Cyprus, Nicos Anastasiades has worked to strengthen his country’s relationship with Russia while dealing with international criticism of its lax financial and money laundering controls.
But several years before his 2013 election, a law firm he established and co-owned, and in which he was a partner at the time, was arranging business deals linked to a friend of Russian President Vladimir Putin, the infamous Magnitsky scandal, and a network of companies used in various financial crimes.
Anastasiades stepped away from the firm, called Nicos Chr. Anastasiades and Partners LLC, just as he was ascending to the presidency. But both of his daughters are partners, and he still has a private office in the building (where only one other affiliated firm is a co-tenant)
Records from the defunct Lithuanian Ukio Bankas, obtained by OCCRP and 15min.lt and analyzed by a joint team from OCCRP,
IRPI, and Global Witness, reveal the law firm’s work executing complex deals that moved Russian money to and from shell companies created by and associated with the firm.
As president of Cyprus, Nicos Anastasiades has worked to strengthen his country’s relationship with Russia while dealing with international criticism of its lax financial and money laundering controls.
https://www.occrp.org/en/troikalaundromat/bank-records-link-president-of-cyprus-to-troika-laundromat