The first National Risk Assessment of Money Laundering and Terrorist Financing Risks (NRA) carried out, falls within the actions undertaken by the Cypriot authorities in order to identify, assess and understand the country’s money laundering and terrorist financing threats and vulnerabilities. This was also in compliance with the relevant Recommendations of the Financial Action Task Force, as well as the provisions of the 4th EU AML/CFT Directive, which have been transposed into domestic legislation....
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