Earlier this year, Transparency International published a report called “Top Secret Countries Keep Financial Crime Fighting Data to Themselves”.
Transparency International studied 12 jurisdictions including Cyprus and big centres like Germany, Luxembourg, the Netherlands, UK and the US. It looked at data released in a range of different areas. The report is based on information available up to January 2017.
The report found that: “Cyprus disclosed the most complete set of anti-money laundering data among the 12 analysed countries, with information available for 14 out of the 20 indicators.” As for anti-money-laundering (AML) supervision, Transparency International said: “Cyprus and France presented the most complete data sets, covering aspects of monitoring, regulatory breaches and sanctions. No relevant data for the UK were found.”
Click here for the full report: