Cyprus has improved its measures for tackling money laundering and combating financing of terrorism, concludes MONEYVAL in a follow-up report released on 2 May.
According to an official announcement from the Council of Europe, the report found Cyprus to have improved its compliance with the Financial Action Task Force’s Recommendation 15 (New technologies). It also noted progress towards improving its level of compliance with Recommendation 8 (non-profit organisations).
Since November