Cyprus challenges accusations of weak anti-money laundering controls

A map of Cyprus

The Central Bank of Cyprus and the Cypriot finance ministry have attempted to play down the findings of two reports into anti-money laundering (AML) controls in the country, saying a summary of the reports that has been circulated gives a biased view of the results.

The summary, dated May 10, says that "while identifying no regulatory weaknesses, both reports suggest that there are substantial shortcomings in the implementation, by banks, of AML preventive measures".

The summary sets out four

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: