Cyprus's measures to combat money laundering and terrorist financing

Publication details

Language

English

Country

Cyprus

This evaluation was based on the 2012 FATF Recommendations, and was prepared using the 2013 Methodology. The evaluation was based on information provided by the country, and information obtained by the evaluation team during its on-site visit to the country.

The findings of this assessment have been reviewed and endorsed by the FATF.

Please refer to the Executive Summary of the report for the Key Findings and Priority Actions.

Moneyval Mutual Evaluation Report - Cyprus 2019

Filename
Moneyval-Mutual-Evaluation-Report-Cyprus.pdf
Size
3 MB
Format
application/pdf
Download

Technical Compliance

Ratings which reflect the extent to which a country has implemented the technical requirements of the FATF Recommendations.

C = compliant   |   LC = largely compliant     |   PC = partially compliant   |   NC = non-compliant

Effectiveness

Ratings that reflect the extent to which a country's measures are effective. The assessment is conducted on the basis of 11 immediate outcomes, which represent key goals that an effective AML/CFT system should achieve.

Ratings that reflect the extent to which a country's measures are effective. The assessment is conducted on the basis of 11 immediate outcomes, which represent key goals that an effective AML/CFT system should achieve.

HE = high level of effectiveness   |   SE = substantial level of effectiveness    |   ME = moderate level of effectiveness   |   LE = low level of effectiveness

Earlier reports

  • 13 Feb 2020

    Cyprus's measures to combat money laundering and terrorist financing This report provides a summary of the AML/CFT measures in place in Cyprus as at the date of the on-site visit (13-24 May 2019). It analyses the level of effectiveness of the Cyprus's AML/CFT system and the level of compliance with the FATF 40 Recommendations, and provides recommendations on how the system could be strengthened.

  • 27 Sep 2011

    Mutual Evaluation Report of Cyprus Cyprus is a member of MONEYVAL, the assessment of the implementation of anti-money laundering and counter-terrorist financing (AML/CFT measures in Cyprus was conducted by MONEYVAL.

Related materials

MONEYVAL

The FATF Recommendations

The FATF Recommendations are the basis on which all countries should meet the shared objective of tackling money laundering, terrorist financing and the financing of proliferation. The FATF calls upon all countries to effectively implement these measures in their national systems.
Read more

Mutual Evaluations

The FATF conducts peer reviews of each member on an ongoing basis to assess levels of implementation of the FATF Recommendations, providing an in-depth description and analysis of each country’s system for preventing criminal abuse of the financial system
Read more Consolidated assessment ratings
ESAAMLG Logo

The 2022 and 2013 Methodologies for Assessing Technical Compliance with the FATF Recommendations and the Effectiveness of AML/CFT/CPF Systems

These documents are guides intended for use by assessors who are tasked with conducting a mutual evaluation. They provide a structured framework of analysis that ensures a level of consistency and high quality of the mutual evaluation reports produced. Latest update: August 2024
Read more