CyprusThe central bank of Cyprus published an unofficial consolidated English edition of laws of 2007-2021 concerning the prevention and suppression of money laundering.
The Cyprus Financial Intelligence Unit released a strategic analysis report containing financial intelligence information for combating human trafficking, including red flag indicators and typologies.
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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 |