CYPRUS yesterday accused the troika of distorting information in a document purportedly summarising the island’s status vis a vis anti-money laundering (AML) measures by “drawing inferences” where none existed in the original reports.
The original four-page summary, based on audits by the Council of Europe’s money-laundering watchdog Moneyval and by private auditors Deloitte, had been drawn up by international lenders prior to a Eurogoup meeting on May 13 to approve the first tranche of the island’s €10 billion bailout programme.
Yesterday the Central Bank of Cyprus (CBC) said the summary did not give a synopsis of the main findings “but rather a description of the perceived weaknesses of the system, drawing inferences where none exist in the original reports.”
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