 |
Compact version |
|
 |
        |
|
 |
||
|
Thursday, 26 December 2024
|
||
 |
 |
|
|
|
Cyprus News Agency: News in English, 13-06-18Cyprus News Agency: News in English Directory - Previous Article - Next ArticleFrom: The Cyprus News Agency at <http://www.cyna.org.cy>CONTENTS
MONEYVAL says [01] Business carried out by Cyprus banks no different from elsewhere, MONEYVAL saysThe business carried out in Cyprus banks is not intrinsically different from international business carried out in other jurisdictions, a special assessment of the effectiveness of customer due diligence measures in Cyprus' banking sector by MONEYVAL says.In its assessment the Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism (MONEYVAL), notes that it conducted the assessment after being invited to do so in March by Eurogroup Working Group President Thomas Wieser. This was agreed between Cyprus and its Eurogroup partners "as part of the preparations for an adjustment programme that would underpin the assistance" agreed to be granted to the country. In general, it is noted, "the banks interviewed demonstrated high standards of knowledge and experience of AML/CFT issues, an intelligent awareness of the reputational risks they face and a broad commitment to implementing the customer due diligence requirements set out in the law and in subsidiary regulations issued by the Central Bank of Cyprus". Implementation of customer due diligence measures as described by the banks appeared strong under most headings. At the same time the assessment finds that "all banks have procedures in place to determine the identity of the beneficial owner controlling the customer". [02] There is no intention to exit eurozone, President saysPresident of the Republic Nicos Anastasiades has stressed that the government has no intention to leave the eurozone, adding however at the same time, that people in Cyprus as well as the government are disappointed because of the recent Eurogroup decisions and the lack of solidarity from our European partners.Addressing an event in Limassol , where former Deputy Minister for European Affairs Andreas Mavroyiannis was decorated with an award, the President said that Cyprus belongs in Europe, adding that the government and the majority of the political parties, share the same position. Referring to the economic crisis, President Anastasiades said that strict austerity is not the only solution, stressing that we need to have growth and jobs. Cyprus News Agency: News in English Directory - Previous Article - Next Article |
|
 |
|
 |
 |
|
All Rights Reserved.