MONEYVAL Experts Conduct Review of the Cyprus Financial Sector

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On May 13th, a delegation from the Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism (MONEYVAL) arrived to conduct a comprehensive audit of the corporate, legal and financial sectors of Cyprus.

The group of experts held a series of meetings with representatives of law firms, banks, accounting and auditing firms, financial services firms, legal entities providing citizenship services through an investment scheme.

The MONEYVAL review plays an important role in considering Cyprus as a compliant jurisdiction with international organisations, investors and rating agencies. The final version of the report is expected by the end of 2019.