Cyprus Faces Non-Compliance Issues with EU Regulations
July 9, 2026
The European Commission announced that it has opened three cases against Cyprus for non-compliance with regulations related to money laundering and tax information exchange. Specifically, Cyprus has not properly implemented EU directives for combating money laundering and tax cooperation. The Commission has issued warnings and is expecting legislative compliance from Cyprus within specific deadlines. The cases involve insufficient application of relevant provisions and procedures. This situation could lead to further actions from the EU if not addressed promptly.