Schaeuble Says Money-Laundering Talks With Cyprus Were ‘Intense’
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European finance chiefs told Cyprus’s government that it must do more to combat money laundering before it can hope to win an international bailout, German Finance Minister Wolfgang Schaeuble said.
A gathering of European finance ministers in Brussels conveyed the message “intensely” to their Cypriot colleague, Vassos Shiarly, that “they have to do some more to convince the international community they not only have passed the money laundering laws, but that they’ve also implemented them,” Schaeuble told reporters today at the meeting’s end.