Cyprus Urges Service Providers to Prepare for MONEYVAL Visit Next Month

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In anticipation of a strict appraisal visit by MONEYVAL specialists next month, the Cyprus Bar Association has asked service providers in the professional and financial sectors to ensure they are completely compliant with the FATF’s anti-money laundering legislation.

During the visit, MONEYVAL will make onsite visits to company service providers, accounting agencies and legal firms, increasing the pressure on certain influential players on the island. MONEYVAL is the association set up by FATF’s provincial sub-board for European nations that are not FATF members.