MONEYVAL: Financial crime challenges persist

Cyprus has shown improvements in combating money laundering and terrorism financing but could do more, according to the evaluation by the Council of Europe’s monitoring body MONEYVAL. The anti-money laundering and counter-terrorist financing

Cyprus progress against money laundering

Cyprus has room to improve in fighting money laundering and the financing of terrorism, despite ‘some’ progress recorded in the past year, the Council of Europe’s anti-money laundering body (Moneyval) said. According