Cyprus urged to create tougher policies

The Council of Europe’s anti-money laundering body Moneyval today released a report where it urged Cyprus to increase its process to prevent money laundering from criminal proceeds generated outside of Cyprus. Moneyval points out the risk in the real estate sector since Cyprus has a popular investment choice to acquire citizenship under the Cyprus Investment Program. The group has invited Cyprus to report back at its first plenary in 2021.

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Uglobal Staff
Uglobal Staff
Uglobal.com, along with its peer-reviewed magazines and conferences series, focuses on the global investment immigration market, offering the latest trends and analyses. Uglobal.com is a media platform built to provide professionals involved with global programs with the most comprehensive and credible sources of information in digital, print and seminar mediums. The platform was created out of the need for marketplace transparency and to more efficiently connect individuals interested in learning about the global programs - either as a potential capital source or as a solution for their immigration needs. The Uglobal publication collaborates with a network of leading experts and an authoritative board of advisors to uphold a high standard in all content delivered and events hosted by the organization.

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