CIRCULAR OF THE UNIT FOR COMBATING MONEY LAUNDERING PURSUANT TO THE ARTICLE 55(1)(D) OF THE PREVENTION AND SUPPRESSION OF MONEY LAUNDERING ACTIVITIES LAWS 2007-2016
To: Supervisory Authorities
“PANAMA PAPERS”
The Unit refers to the above matter and clarifies the following, in relation to the names of companies and natural persons, included in the above documents which have being published.
The obligation of Reference to the Unit, from persons having the obligation pursuant to the relevant Laws, concerns suspicious transactions for possible money laundering from illegal activities.
In this particular case, the supervised shall examine the activities of their clients, included in the said papers, and if and upon clarifying specific suspicious transactions, these shall be submitted to the Unit, according to the provisions of the above Laws.
The facts and only of inclusion of specific natural and legal persons in the said papers, is not automatically equal to suspicious activities for money laundering.
Please transmit this Directive to your supervised.
UNIT OF COMBATING MONEY LAUNDERING
12 May 2016
