CySEC welcomes report on money laundering progress

The Cyprus Securities and Exchange Commission (CySEC) welcomed the findings of a Moneyval report released a day prior regarding progress made in addressing money laundering and terrorism financing.

Moneyval is the Council of Europe’s committee of experts on evaluating anti-money laundering measures and the financing of terrorism.

The report recognised Cyprus’s improved compliance with the Financial Action Task Force’s (FATF) regulations on new technologies and noted progress in enhancing...