Cyprus makes progress in AML regulation but no FATF re-rating 

Mark Battersby
clock • 2 min read

The Council of Europe's Moneyval expert committee has issued a follow-up report on Cyprus' improved compliance with Financial Action Task Force (FATF) standards on anti-money laundering (AML) regulations.  In a statement, it said the jurisdiction has made some improvements regarding the supervision of non-profit organisations and virtual asset services providers and in giving law enforcement more powers to investigate.  Cyprus remains subject to enhanced follow-up measures and will report back to Moneyval in one year. Moneyval further said Cyprus has made some progress in improving...

To continue reading this article...

Join International Investment

Join International Investment today

Unlock members-only benefits:

  • Unlimited access to real-time news, industry insights, video features and market intelligence
  • Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
  • Members-only access to the Editor’s weekly news roundup newsletter
  • Members-only access to analysis via our exclusive industry polls
  • Be the first to hear about our events and awards programmes

Join now


Already a International Investment member?