Anti-Financial Crime & Financial Crime Compliance
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AML, Financial Crime

Cyprus has ‘improvements’ in MONEYVAL report while ‘moderate shortcomings’ remain

By Alisha Houlihan for AMLi

Cyprus has made “some progress” in improving its level of compliance, according to the second enhanced follow-up report published today by the Council of Europe’s Committee of Experts on Money Laundering and Terrorist Financing, MONEYVAL.

As part of its efforts to combat money laundering and terrorism financing, the country has improved its measures in line with the Financial Action Task Force (FATF) standards.

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