Cyprus-Forum.com

[B25]

Germany has worse money-laundering record than Cyprus--FATF

12 January, 2013

Germany has a worse record on money-laundering than Cyprus, according to assessments by the Financial Action Task Force (FATF), the global body charged with tackling money-laundering.

The FATF and MoneyVal have published evaluation reports for all 17 countries in the eurozone.

A comparative table that was published on the Cyprus Ministry of Finance website this week shows that Germany is completely non-compliant in five of the FATF-recommended areas, whereas there are no areas in which Cyprus is completely non-compliant.
Cyprus is totally compliant in 12 areas, whereas Germany is totally compliant in only 5.

Cyprus also has the toughest regime in the EU for identification of beneficial ownership, with the obligation to identify ownership kicking in at 10%, instead of the obligation 25% threshold provided for in the 3rd EU anti-money-laundering directive .

http://www.financialmirror.com/news-det ... ?nid=28565

So that makes it ok? stupidity knows no bounds.

Quite, your interpretation and comprehension of the English language proves the point, stupid.
The purpose of the article it to high light the Germany hypocricy, kettle, pot and all that.
They scream at Cyprus, but fail to look at their own. Only a moron like you would not see this due to you blind racist hatred for the GCs. Hade f u.

[repulsewarrior]

...i think the point is vp, that this is more like a witch hunt, certainly, the motives are not crystal clear.

stupid in my mind is denial, in that i'd agree with you. however, you are one dark pot calling the kettle black.

@vp, a little late, but my opinion.

[GreekIslandGirl]

Germany has worse money-laundering record than Cyprus--FATF

12 January, 2013

Germany has a worse record on money-laundering than Cyprus, according to assessments by the Financial Action Task Force (FATF), the global body charged with tackling money-laundering.

The FATF and MoneyVal have published evaluation reports for all 17 countries in the eurozone.

A comparative table that was published on the Cyprus Ministry of Finance website this week shows that Germany is completely non-compliant in five of the FATF-recommended areas, whereas there are no areas in which Cyprus is completely non-compliant.
Cyprus is totally compliant in 12 areas, whereas Germany is totally compliant in only 5.

Cyprus also has the toughest regime in the EU for identification of beneficial ownership, with the obligation to identify ownership kicking in at 10%, instead of the obligation 25% threshold provided for in the 3rd EU anti-money-laundering directive .

http://www.financialmirror.com/news-det ... ?nid=28565

So that makes it ok? stupidity knows no bounds.

The Germans need to act fast to improve. They can use Cyprus as a role model; which itself is acting to improve further.

Criminal activity is never OK.

Do you agree, VP?

[repulsewarrior]

...how can vp concur, it would mean looking in his own backyard; but let's see.

[Pyrpolizer]

All these years you have been laughing at us for getting financial support from Turkey, now its your turn karma has worker its magic and you are now begging for financial support from the EU and Russia of all countries, but we will not stoop to your level and laugh like you do.

Feel free to laugh as much as you like...
I gave you a lot of clues that if you were clever enough you would realize most of it is just a set up.
But then again that would be too complicated for you... well never mind

[Viewpoint]

Germany has worse money-laundering record than Cyprus--FATF

12 January, 2013

Germany has a worse record on money-laundering than Cyprus, according to assessments by the Financial Action Task Force (FATF), the global body charged with tackling money-laundering.

The FATF and MoneyVal have published evaluation reports for all 17 countries in the eurozone.

A comparative table that was published on the Cyprus Ministry of Finance website this week shows that Germany is completely non-compliant in five of the FATF-recommended areas, whereas there are no areas in which Cyprus is completely non-compliant.
Cyprus is totally compliant in 12 areas, whereas Germany is totally compliant in only 5.

Cyprus also has the toughest regime in the EU for identification of beneficial ownership, with the obligation to identify ownership kicking in at 10%, instead of the obligation 25% threshold provided for in the 3rd EU anti-money-laundering directive .

http://www.financialmirror.com/news-det ... ?nid=28565

So that makes it ok? stupidity knows no bounds.

The Germans need to act fast to improve. They can use Cyprus as a role model; which itself is acting to improve further.

Criminal activity is never OK.

Do you agree, VP?

Ho so the Germans do it more and larger amounts than you so it makes it OK, you really need to own up and accept that your economy is prompt up by black money, you are the first to call other nations out but never accept your own failures, sign of weakness.

[Viewpoint]

...how can vp concur, it would mean looking in his own backyard; but let's see.

Our economy is so small that any sign of money laundering on a large scale like your own would easily be detected.

[Viewpoint]

All these years you have been laughing at us for getting financial support from Turkey, now its your turn karma has worker its magic and you are now begging for financial support from the EU and Russia of all countries, but we will not stoop to your level and laugh like you do.

Feel free to laugh as much as you like...
I gave you a lot of clues that if you were clever enough you would realize most of it is just a set up.
But then again that would be too complicated for you... well never mind

So you are not begging for money? its all a set up you dont need the EUs money, make up your bloody minds.

[GreekIslandGirl]

Germany has worse money-laundering record than Cyprus--FATF

12 January, 2013

Germany has a worse record on money-laundering than Cyprus, according to assessments by the Financial Action Task Force (FATF), the global body charged with tackling money-laundering.

The FATF and MoneyVal have published evaluation reports for all 17 countries in the eurozone.

A comparative table that was published on the Cyprus Ministry of Finance website this week shows that Germany is completely non-compliant in five of the FATF-recommended areas, whereas there are no areas in which Cyprus is completely non-compliant.
Cyprus is totally compliant in 12 areas, whereas Germany is totally compliant in only 5.

Cyprus also has the toughest regime in the EU for identification of beneficial ownership, with the obligation to identify ownership kicking in at 10%, instead of the obligation 25% threshold provided for in the 3rd EU anti-money-laundering directive .

http://www.financialmirror.com/news-det ... ?nid=28565

So that makes it ok? stupidity knows no bounds.

The Germans need to act fast to improve. They can use Cyprus as a role model; which itself is acting to improve further.

Criminal activity is never OK.

Do you agree, VP?

Ho so the Germans do it more and larger amounts than you so it makes it OK, you really need to own up and accept that your economy is prompt up by black money, you are the first to call other nations out but never accept your own failures, sign of weakness.

No one said it's OK. I actually said "Criminal activity is never OK" and asked you if you agreed.

- Do you agree with me that criminal activity is never OK, VP?

[Viewpoint]

Depends what you class as criminal activity.