CyprusThe Council of Europe’s Group of States against Corruption published a follow-up report on Cyprus’s efforts to prevent corruption.
The Council of Europe’s Group of States against Corruption published a fifth round evaluation report on the efforts of Cyprus to prevent corruption and promote integrity with respect to law enforcement agencies and top executive functions.
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The Cyprus Securities and Exchange Commission entered into a settlement agreement with the Limassol, Cyprus-based company that requires it to pay €200,000 for violating the Prevention and Suppression of Money Laundering and Terrorist Financing Law of 2007.
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.
| 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 |