i-law

Money Laundering Bulletin

The Financial Action Task Force has launched its fifth mutual evaluation round of 206 jurisdictions (including its 38 member states), but some legal entities will not be assessed - namely territories which claim to be countries but lack diplomatic recognition. However, money laundering still affects these partially or unrecognised jurisdictions. In this series, MLB will assess how governments are handling AML/CFT within these territories. Here we look at Northern Cyprus.

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