CyprusThe Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism published a second follow-up report concerning the efforts of Cyprus to improve its anti-money laundering and counterterrorist financing regime.
The Council of Europe’s Group of States against Corruption published an addendum to the latest compliance report on Cyprus, assessing steps taken by the jurisdiction to implement corruption prevention recommendations with respect to parliament, judges, and prosecutors.
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The Cyprus Securities and Exchange Commission issued a board decision reaching an agreement with IQ Option Europe Ltd, under which the company agreed to pay €450,000 to settle possible violations of the Prevention and Suppression of Money Laundering Activities Law.
The Central Bank of Cyprus issued a monetary penalty against the Limassol, Cyprus-based bank for violations of the Prevention and Suppression of Money Laundering Activities Laws of 2007 to 2016 and the Prevention of Money Laundering and Terrorist Financing Directive, December 2013.
| Technical | Effectiveness |
|---|---|
| Compliant : 16 | High : 0 |
| Largely Compliant : 20 | Substantial : 3 |
| Partially Compliant : 4 | Moderate : 8 |
| Non-Compliant : 0 | Low : 0 |
Cyprus' technical compliance was re-rated in a Jan. 13, 2022 follow-up report.
| Rank : 44/110 |
| Score : 4.95/10 |
| Rank : 42/179 |
| Score : 57/100 |
| Rank : 27/133 |
| Score : 61/100 |