Cyprus and Greece Strengthen Cooperation in Anti-Money Laundering Efforts
The Republic of Cyprus and Greece have signed a Memorandum of Understanding (MoU) aimed at enhancing cooperation in the fight against money laundering and the financing of terrorism.
The agreement focuses on tightening criminal prosecution for money laundering and related crimes, as well as enabling the freezing and confiscation of illicit assets.
This move highlights the effective collaboration between Cyprus’s Financial Intelligence Unit (MOKAS) and Greece’s Financial Intelligence Unit (FIU).
“The MoU marks the beginning of a new phase in cooperation between the two units, including joint strategic analysis of money laundering risks faced by both countries, sharing of best practices and expertise, and the organization of joint training sessions. Cross-border cooperation is vital to achieving these goals,” the statement said.
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