The 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 |