The Cyprus Unit for Combating Money Laundering (MOKAS) has reportedly signed a Memorandum of Understanding with the US Department of the Treasury Financial Crimes Enforcement Network (FinCEN).
Revealing that Cyprus is viewed by the United States as an “important partner in the global war on terrorism,” a statement from the US Embassy in Nicosia explained that the MoU cemented “the already excellent cooperation between FinCEN and MOKAS," according to the Financial Mirror.
A recent report by the US State Department praised Cyprus for its comprehensive anti-money laundering regulations, noting that the country has endeavoured over the last nine years to put in place a legal framework concerning anti-money laundering that “comports with the highest standards”.
However, the report also raised concerns over the lack of such controls in the Turkish Republic of Northern Cyprus.
.
Network Tweets
Network BlogsContent
provided by
|
Archive | Resources | Partners | Site Map | Links | Newsletter Archive | Contact | RSS Feeds | About | Syndication | Advertising & Marketing | Recruitment | Terms & Conditions | Privacy & Cookies
Copyright © 2012 - All Rights Reserved - Tax-News.com
IMPORTANT NOTICE: Tax-News.com has taken reasonable care in sourcing and presenting the information contained on this site, but accepts no responsibility for any financial or other loss or damage that may result from its use. In particular, users of the site are advised to take appropriate professional advice before committing themselves to involvement in offshore jurisdictions, offshore trusts or offshore investments.
Write a comment