CYPRUS: AML/CFT ASSESSMENT FOLLOW-UP REPORT

On 25 November, MONEYVAL released its second enhanced follow-up report on Cyprus, saying that it has made some progress in improving its level of compliance with FATF standards.  The report examines a range of legislative, regulatory and institutional measures taken by the Cypriot authorities concerning risk assessment and monitoring of its non-profit sector, the powers available to investigative authorities to intercept communications and apply controlled delivery techniques to cash and bearer negotiable instruments, as well as virtual assets related services and supervision thereof.

https://www.coe.int/en/web/human-rights-rule-of-law/-/moneyval-report-on-cyprus-improvements-on-measures-to-combat-money-laundering-and-the-financing-of-terrorism

https://rm.coe.int/moneyval-2022-17-fur-cy/1680a92582

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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