1. Cyprus $0.019 Billion ($19 Million)


  2. Black Market Crime in Cyprus


Cyprus Security Threats

Data and information about security threats from Cyprus’s black market. Intelligence and security information collected from government agencies, news articles and other public data sources.

A wildlife charity in Cyprus stated that companies were offering tourists to go off the coast of the country and illegally fish for sharks.

Nireas Marine Research stated that companies charge tourists $1,360 (€1,000) to fish for sharks. In videos and photos posted on Facebook, the tourist catches the shark and pulls it on to the boat. Then, using a hammer, the tourist beats the shark to death.

Source:  Peter Stevenson, “NGOs say nothing is done to stop illegal shark-fishing,” Cyprus Mail, November 28, 2013.

There are around 12,000 shell companies that are registered in Cyprus. These companies are in paperwork only and have no physical presence in the country.

In a classified report conducted by accounting firm Deloitte in March -April 2013, the firm found that the number of suspicious financial transactions was 30 times the number that officials in Cyprus reported.

(More examples of laundering and shell companies.)

Source:  Andrew Rettman, “Cyprus gets €2bn despite money laundering concerns,” EUObserver, May 14, 2013.

Police in Cyprus identified 52 people as victims of human trafficking in the country in 2010. Two of the victims were children.

In 2009, authorities identified 113 human trafficking victims.

2 people were convicted of human trafficking charges in Cyprus in 2009, down from the 11 convictions in 2008.

Source: AFP, “Experts urge Cyprus to act tougher on human trade,” Expatica, September 12, 2011.