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Cyprus Bar Association Raids Lawyer's Office in Sanctions Investigation

The Cyprus Bar Association (CBA) last week raided a lawyer's lobbying firm offices as part of an investigation into "suspected fictitious transactions," Cyprus newspaper Phileleftheros reported. The investigation centered on Finsol, a firm that provides services to Santinomo, which reportedly…

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holds shares in Intellexa AE -- an entity that's part of U.S.-sanctioned spyware firm Intellexa. The suspicious transactions began "shortly after US sanctions were imposed on entities of the Intellexa group," the newspaper's report said. A Greek lawyer registered with CBA owns Finsol. The CBA's compliance and oversight department is conducting the investigation and, upon its conclusion, will send a report to the association's administrative council. The council will decide whether "disciplinary measures will be taken or, more importantly, whether the case will be referred to the police for criminal investigation," Phileleftheros reported.