Brussels, 21/08/2013 (Agence Europe) - On Tuesday 20 August, the Cypriot government approved two bills to tighten the island's system for countering money-laundering.
The first measure concerns the creation of a registry of trust registries, which will be kept by the relevant supervisory authorities, explains Cypriot newspaper Cyprus Mail. The other gets rid of an article in the trust law that exempts international trusts from registering. The bills are part of Cyprus' bailout agreement and...