Cyprus-based cross-border firms drive surge in suspicious activity filings, says Mokas
The Cyprus Securities and Exchange Commission (CySEC) has alerted regulated entities to strengthened anti-money laundering guidelines and new risk reports , as data from the Financial Intelligence Unit (Mokas) pointed to a sharp rise in suspicious transaction reporting and growing cross-border financial activity.
The regulator said the updated framework, issued through a formal circular, aims to enhance the effectiveness
