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Unit for Combating Money Laundering (MOKAS)

International Participation


PARTICIPATION IN INTERNATIONAL FORA

THE EGMONT GROUP

MOKAS is a member of the ‘Egmont Group’ since June 1998 and participates actively with representatives in the meetings of its working groups and other Egmont Group meetings. The Egmont Group is an organization which serves as an international network fostering improved communication and interaction among the Financial Intelligence Units. Its main goal is to provide a forum for FIUs around the world and to improve support to their respective governments in the fight against money laundering, terrorist financing and other financial crimes. The organization includes now 121 countries worldwide. MOKAS hosted the Egmont Group Working Group Meeting in March 2001 and the Plenary Egmont Group Meeting in June 2006.

THE COUNCIL OF EUROPE - MONEYVAL COMMITTEE

Cyprus is a member of the Moneyval Committee of the Council of Europe; the Head of the FIU was elected and served as a member of the “Bureau” and Vice Chair of this Committee and is the Head of the Cyprus delegation. The “Bureau” is responsible for preparing the work of the Moneyval Committee. The aim of Moneyval is to ensure that states have in place effective systems to counter money laundering and terrorist financing and comply with the relevant international standards in these fields. Moneyval evaluates and reports on the performance of member states of the Council of Europe, which are not members of the FATF, in complying with the relevant international anti-money laundering and countering terrorist financing standards. Moneyval makes recommendations to the evaluated countries, with a view to improving the efficiency of their anti-money laundering and countering terrorist financing measures and to furthering international co-operation.

THE CAMDEN ASSETS RECOVERY INTER-AGENCY NETWORK (CARIN)

Members of MOKAS participate in this network since 2005. It was established at the Hague on 2004 by Austria, Belgium, Germany, Ireland, Netherlands and the UK, constituting a global network of practitioners and experts with the intention of enhancing mutual knowledge on methods and techniques in the area of cross border identification, freezing, seizure and confiscation of the proceeds and other property related to crime. The CARIN ensures the rapid exchange of information between Asset Recovery Offices of all the Member States.

FIU.Net TASK FORCE

Following the publication of Council Decision 2000/642/JHA of 17th October 2000 concerning arrangements for cooperation between FIUs of Member States in respect of exchanging information, the EU Commission, through the DG Internal Market, launched the FIUNet initiative, a fully decentralized EU-wide system whereby FIUs join a computer network to exchange information in a secure environment. The project is managed by the FIUNet Bureau which is sited within the Dutch FIU. MOKAS started participating at Task Force meetings within the FIUNet during 2006. The Unit has been connected with FIU.NET in 2006.

EU - FIU PLATFORM

MOKAS is also participating in the meetings of the FIU Platform which was set up by the European Commission to enable EU FIUs to exchange views and experiences on technical issues related to relevant provisions of the Third AML/CFT Directive. In this context the Platform is intended as a forum for discussion on specific aspects related to the application and implementation of the new provisions introduced by the Third Directive, focusing on the identification of issues of a practical nature, on problems and possible solutions.

Recognising the different types of FIUs and the consequent differences in the legal framework that could disrupt the smooth exchange of information, the Platform is therefore intended to serve as a forum to discuss issues related to differences in the operational structures of FIUs in order to explore possibilities of a harmonization process, particularly in the field of gathering and interpretation of information for statistical purposes.

A.R.O. (Asset Recovery Office)

The Unit for Combating money Laundering (MOKAS) has been designated by the Council of Ministers on 18 March 2009, as the Asset Recovery Office (ARO) for the purposes of implementing the Council Decision 2007/845/JHA of 6 December 2007 concerning cooperation between Asset Recovery Offices of the Member States in the field of tracing and identification of proceeds from, or other property related, to crime.


Moneyval

FATF

Fiu.net

Norway Grants