5.08.2019. Cyprus certified accountants and regulator join forces to fight money laundering

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The Cyprus securities and exchange commission (CySEC) and the Institute of certified public accountants of Cyprus (ICPAC) have signed a strategic partnership to tackle money laundering and terrorist financing.
Under the agreement, CySEC and ICPAC will also address issues and violations of legislation with a common objective to ensure compliance of the supervised entities.
Earlier in May, CySEC sent out a directive requiring additional targeted training be provided by regulated entities to their staff especially in the area of suspicious activity monitoring.
The aim od the directive is to mitigate and manage the risks of money laundering and terrorist financing effectively.