U.S. Treasury Department agents investigating former Trump campaign chairman Paul Manafort's work in Eastern Europe have received information this year about Manafort's offshore financial transactions in Cyprus, The Associated Press reported early Thursday, citing "a person familiar with the case." Cypriot investigators reportedly turned over the documents to the Treasury Department's Financial Crimes Enforcement Network, and the Cyprus attorney general was aware of the U.S. request. Manafort declined to comment to the AP and a Treasury spokesman said he could not confirm or deny potential investigations.
The time period covered under the requested documents isn't clear, AP says, though federal prosecutors have been interested in Manafort's actions in relation to stolen Ukrainian assets since one of his clients, pro-Moscow former Ukrainian President Viktor Yanukovych, was ousted in 2014. (No U.S. charges have been filed in that case.) AP — which reported on Wednesday that Manafort signed a $10 million annual contract in 2006 with Oleg Deripaska, a Russian oligarch close to Russian President Vladimir Putin — says U.S. investigators are expected to examine millions of dollars in wire transfers to Cyprus. Manafort is known to use Cyprus to route money, AP says, including from Deripaska, as detailed in a 2014 lawsuit. Those secretive transfers are not in themselves illegal.
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
-
Today's political cartoons - March 30, 2025Cartoons Sunday's cartoons - strawberry fields forever, secret files, and more
-
5 hilariously sparse cartoons about further DOGE cutsCartoons Artists take on free audits, report cards, and more
-
Following the Tea Horse Road in ChinaThe Week Recommends This network of roads and trails served as vital trading routes
-
Tesla Cybertrucks recalled over dislodging panelsSpeed Read Almost every Cybertruck in the US has been recalled over a stainless steel panel that could fall off
-
Crafting emporium Joann is going out of businessSpeed Read The 82-year-old fabric and crafts store will be closing all 800 of its stores
-
Trump's China tariffs start after Canada, Mexico pausesSpeed Read The president paused his tariffs on America's closest neighbors after speaking to their leaders, but his import tax on Chinese goods has taken effect
-
Chinese AI chatbot's rise slams US tech stocksSpeed Read The sudden popularity of a new AI chatbot from Chinese startup DeepSeek has sent U.S. tech stocks tumbling
-
US port strike averted with tentative labor dealSpeed Read The strike could have shut down major ports from Texas to Maine
-
Biden expected to block Japanese bid for US SteelSpeed Read The president is blocking the $14 billion acquisition of U.S. Steel by Japan's Nippon Steel, citing national security concerns
-
Judges block $25B Kroger-Albertsons mergerSpeed Read The proposed merger between the supermarket giants was stalled when judges overseeing two separate cases blocked the deal
-
Rupert Murdoch loses 'Succession' court battleSpeed Read Murdoch wanted to give full control of his empire to son Lachlan, ensuring Fox News' right-wing editorial slant
