Moneyval report: substantial progress but also major shortcomings recorded

Cyprus has taken positive steps towards anti-money laundering and countering the financing of terrorism, according to a much-anticipated report by the Council of Europe’s anti-money laundering body Moneyval. But the report, which was released on Wednesday listing five important positive developments, also noted nine major shortcomings which hinder the effectiveness of the Cypriot regime. The 280-pages … Continue reading Moneyval report: substantial progress but also major shortcomings recorded