FATF: CYPRUS AML/CFT FOLLOW-UP REPORT

On 14 January, FATF published the Enhanced Follow-up Report previously published by MONEYVAL.  Reviewing technical compliance only, it says that Cyprus is “compliant” with 16 of the 40 FATF Recommendations, “largely compliant” with 20 Recommendations and “partially compliant” with 4 Recommendations (non-profit organisations, correspondent banking, new technologies, and powers of law enforcement and investigative authorities).  Cyprus has no “non-compliant” ratings.

https://www.fatf-gafi.org/media/fatf/documents/reports/fur/MONEYVAL-FUR-Cyprus-DEC-2021.pdf

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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