Breaking news

New MoU: Cyprus and Greece Strengthen Anti-Money Laundering Efforts

In a strategic effort against financial misconduct, Cyprus and Greece have recently signed a Memorandum of Understanding (MoU). This agreement will enhance the exchange of information related to money laundering and terrorism financing.

Enhancing Cross-Border Collaboration

According to the Law Office, this MoU signifies the beginning of promising collaboration for conducting joint analyses on money laundering risks facing both nations. The initiative will promote the sharing of best practices and capacity-building through joint training.

The primary goals include increasing criminal prosecutions related to money laundering and bolstering the efforts towards freezing or seizing illegal assets.

Cross-border collaboration remains essential, as the majority of money laundering activities traverse international lines. The MoU highlights the “very effective cooperation” between Cyprus’s Mokas and Greece’s FIU.

Building a Safer Economic Environment

This MoU is a testament to both countries’ commitment to combating financial crime on an international scale.

Call for Reform: Cyprus Faces New Challenges with Emerging Tobacco Products

In the face of a burgeoning variety of tobacco products, existing smoking laws in Cyprus are struggling to keep pace, as highlighted by Christos Minas, the president of the Cyprus National Addictions Authority (AAEK). On World No-Tobacco Day, there was a push for legislative reforms to comprehensively cover all tobacco forms, including non-nicotine alternatives.

Addressing Rising Trends with Effective Policies

Minas emphasized the surge in popularity of e-cigarettes and flavored products, particularly among the youth. The proposed legal updates aim to enhance enforcement efficiency against these emerging trends.

In collaboration with the World Health Organization’s (WHO) framework, the AAEK has established the first set of national guidelines for smoking cessation in Cyprus, crafting prevention and treatment strategies based on robust scientific evidence.

Educating Youth and Public Awareness Initiatives

Efforts are underway to raise awareness, with informative materials distributed to secondary schools across Cyprus. A public event in Nicosia highlighted the state’s ongoing commitment, providing carbon monoxide testing and expert advice on new tobacco products.

Recent data from the Cyprus general population survey 2023 indicates that 38% of smokers have used e-cigarettes recently, and the smoking initiation age remains at 18.

A Glimpse into Youth Smoking Patterns

According to the latest European school survey, 14% of Cypriot students aged 15-16 reported smoking traditional cigarettes last month. Although this rate is declining, Cyprus still ranks high in Europe for e-cigarette and hookah use among students.

The concern is global, with WHO reports showing over 37 million children aged 13-15 engage in tobacco use, driven by aggressive marketing in loosely regulated environments.

The urgency for reform is clear: before these trends solidify, proactive measures are necessary to protect future generations from potentially hazardous habits.

The Future Forbes Realty Global Properties

Become a Speaker

Become a Speaker

Become a Partner

Subscribe for our weekly newsletter