Cyprus admits money laundering weakness in banks

The Cyprus government, facing harsh criticism from the German media and politicians since last September, over local banks’ ineffective controls of foreign-owned accounts, has admitted there are weaknesses and declared that it

Cyprus: Moneyval – Deloitte report on AML

CYPRUS – EFFECTIVE IMPLEMENTATION OF CUSTOMER DUE DILIGENCE MEASURES LEVEL OF IMPLEMENTATION OF PREVENTIVE MEASURES BY FINANCIAL INSTITUTIONS SUMMARY REPORT OF MAIN FINDINGS BY MONEYVAL AND THE INDEPENDENT AUDITOR (May 10, 2013)