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Issues of money laundering were discussed by the Greek Chamber of Commerce and Industry of Latvia

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Practices and experiences of the two authorities were exchanged in relation to licensing, supervision, and risk assessment for their supervisees

ΘΕματα ξεπλyματοσ μα ρρμσσηνκι Τ Λετονλας

Issues of preventing money laundering from illegal activities and combating the financing of terrorism were discussed, among others, by representatives of the Cyprus Securities and Exchange Commission (CYC) and the Central Bank of Latvia, at the meeting held on April 26, 2024, at the offices of Cyprus Securities and Exchange Commission in Nicosia.

According to an announcement by the Cyprus Securities and Exchange Commission, the discussion, which took place at an official level, focused on preventing money laundering from illegal activities and combating the financing of terrorism.

It is added that the practices and experiences of the two authorities were exchanged in relation to licensing, supervision, and risk assessment for their supervisees.

It is reported that the Departments for the Prevention of Laundering of Income from Illegal Activities, Licensing participated on the part of the Greek Cypriot Authority. , and Risk Management and Statistics, while on the part of the Central Bank of Latvia, the corresponding Department for the Prevention of Money Laundering from Illegal Activities participated. ensuring the effective supervision and supervision of the supervised entities as well as the protection of investors”, concludes the announcement of the Cyprus Securities and Exchange Commission

Source: www.kathimerini.com.cy

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