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...

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