Conference organized by MOKAS in cooperation with the Norwegian Embassy in Athens
Under the continuing development and upgrading of the Unit for Combating Money Laundering (MOKAS) the project entitled “Strengthening MOKAS Capacities and Improve Efficiency to Detect Money Laundering and Financing of Terrorism” is implemented since 1st of March 2013. The Project is co-funded at 85% from the Norwegian Financial Mechanism and its total budget amounts to €1.100.882. The main objective of the Project is to automate the analysis and investigation procedure of MOKAS, by implementing a sophisticated IT system for supporting its core activities.
As part of the implementation of the Project, MOKAS organized on 24 September 2013, in cooperation with the Norwegian embassy in Athens, a conference entitled «New Technologies used in the fight against Money Laundering». Welcoming remarks at the conference were addressed by Mrs. Anne Havnor, Deputy Head of Mission of Norway in Athens. The Head of MOKAS presented the legal framework for the fight against money laundering and terrorist financing and the powers and responsibilities of the Unit, as well as practical results of the implementation of the law in Cyprus. Subsequently, the Project Manager presented the new technologies that can be used in the fight against money laundering and how the Project will add value to MOKAS core business. A member of the counterpart Unit of Norway presented the new technologies used in their Unit for the fight against money laundering. Finally, two members of United Nations Office on Drugs and Crime presented the capabilities of two specific software developed by United Nations for Units similar to MOKAS.