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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)

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