Cyprus: Report on the Observance of Standards and Codes: FATF Recommendations for Anti-Money Laundering and Combating the Financing of Terrorism
IMF Staff Country Reports, February 21, 2007
Source details
- Canonical URL
- Cyprus: Report on the Observance of Standards and Codes: FATF Recommendations for Anti-Money Laundering and Combating the Financing of Terrorism
Other formats
Bibliographic details
- Published: February 21, 2007
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451809916.002
Scope and purpose
- Reviews the Observance of Standards and Codes on the Financial Action Task Force (FATF) Recommendations on Anti-Money Laundering and Combating the Financing of Terrorism for Cyprus.
- Publication date: February 21, 2007.
- Report length: 29 pages.
- Series: Country Report No. 2007/077, Issue 077, Volume 2007.
- DOI: https://doi.org/10.5089/9781451809916.002
- ISBN: 9781451809916
- ISSN: 1934-7685
- Stock No: 1CYPEA2007003
Key findings
- The Cypriot authorities have demonstrated resolve to reduce the vulnerability of financial institutions and designated non-financial businesses and professions to money laundering.
- The Cyprus FIU (MOKAS) and the Central Bank of Cyprus have been particularly active in efforts to strengthen AML/CFT frameworks.
- Since the Second Round Evaluation, both MOKAS and the Central Bank of Cyprus were reinforced and are now adequately staffed.
Thematic coverage and subject areas
- Anti-money laundering and combating the financing of terrorism (AML/CFT)
- Banking
- Crime
- Legal support in revenue administration
- Money laundering
- Revenue administration
- Terrorism financing
Keywords and technical terms preserved from the report
- Anti-money laundering and combating the financing of terrorism (AML/CFT)
- beneficial owner
- CR
- Cyprus authorities
- due diligence
- Europe
- firm belief
- firm commitment
- guidance note
- investment enterprise
- ISCR
- Legal support in revenue administration
- Money laundering
- Terrorism financing
- UCITS management firm
Publication and access notes
- Classified under IMF Staff Country Reports 2007, 077 (2007).
- Formats and access: PDF and other formats available via IMF eLibrary (as indicated on the landing page).
International Monetary Fund. "Cyprus: Report on the Observance of Standards and Codes: FATF Recommendations for Anti-Money Laundering and Combating the Financing of Terrorism", IMF Staff Country Reports 2007, 077 (2007).
Content in this bundle
- _cr0777 — The Third Evaluation of Cyprus by MONEYVAL