Cyprus News Agency

Trending-news
     CNA   We cannot have a good preparation for resumption of Cyprus talks, if Turkey is absent , President says     CNA   Cyprus cannot have any other solution but a federation, Greek President says     CNA   Greece’s Alternate Foreign Minister says negotiations on Cyprus should be well prepared, not enough time for laying out the terms of reference     CNA   FM travels to Brussels for EU Councils--Archbishop Chrysostomos urges all to contribute towards the unity of the nation     CNA   Nicosia hosts Wednesday a Trilateral Meeting between Cyprus, Greece and Israel on diaspora issues      CNA   

Anti-money-laundering procedures stricter in Cyprus than in other EU states, FinMin says
CNA - Cyprus/NICOSIA 12/10/2018 10:37


Finance Minister Harris Georgiades has said that anti-money-laundering procedures in place in Cyprus are stricter than in any other European state, noting that an organised campaign to raise awareness is ongoing at an international level.

Georgiades, who was replying on Thursday evening to questions in the context of the 4th annual lecture he gave at the University of Cyprus on the Cypriot economy, assured that “matters have been corrected to a tremendous degree.”

If a non-Cypriot tries to open a bank account in Cyprus and he compares the procedure to open a bank account here with the procedure implemented in any other European state, he said, “I am convinced that in Cyprus the procedure will be stricter.

(CNA)

*The full text of the news item is available in the paid version of the CNA web service. Subscription Form

*CNA reserves the copyright to the news stories it files, which is granted to subscribers for specific use only.
   

Closing:07/12/2018
Volume:21.657,72
CSE:66,890  0,360%
FTSE/CySE:40,110  0,400%
Nicosia21°C
Larnaca21°C