Cyprus

International anti-money laundering experts review practices in Cyprus

NICOSIA, May 18 (Xinhua): A team of international experts are making a review of anti-money laundering practices in Cyprus applied mainly by law firms, banks, accounting and audit firms, financial services firms and offices involved in the investment-for-citizenship scheme, sources with knowledge of the review said on Saturday.

The team comes from the Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism, commonly known as Moneyval.

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