IMF
September 1st, 2001
BY KEITH NUTHALLTHE INTERNATIONAL Monetary Fund has released the first of a series of studies of offshore finance centres, which will especially examine the operational and legislative precautions taken to fight money laundering. A report on Cyprus has just been published. It considers the effects of the 1996 Prevention and Suppression of Money Laundering Activities Law, the subsequent creation of the Unit for Combating Money Laundering and later official guidance notes. The report said that the measures were "adequate," with "some scope for improving the ...
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