Cyprus takes on money launderers

The Cyprus government has reaffirmed its steadfast dedication to upholding international standards in combating money laundering and terrorism financing, as outlined in a press release by the Presidency of the Republic.

The statement expressed satisfaction with the Progress Report issued by the Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism (Moneyval) of the Council of Europe.

The report highlights substantial progress and adherence by the Republic of Cyprus to Moneyval's recommendations concerning money laundering and terrorism financing. Particularly noteworthy is Moneyval's acknowledgment that Cyprus has met general expectations and has substantially corrected and complied with the majority of international standards by 2023.

Emphasizing its ongoing commitment, the government pledges to maintain...