US Treasury Assistant Secretary encouraged by meetings in Cyprus

The United States have been encouraged by the commitments made by Cypriot officials in the framework of meetings US Department of the Treasury Assistant Secretary for Terrorist Financing Marshall Billingslea held on Friday and will continue to work with Cyprus to combat corruption, money laundering, and other financial threats.

The U.S. Department of the Treasury Assistant Secretary for Terrorist Financing Marshall Billingslea had several meetings today with the Government of Cyprus. The purpose of Assistant Secretary Billingslea’s trip was to enhance cooperation between the United States and Cyprus to ensure that Cyprus has a strong and healthy financial sector.

According to a US Embassy press release, Billingslea had several meetings on Friday with the Government of Cyprus, with the purpose of enhancing cooperation between the United States and Cyprus to ensure that Cyprus has a strong and healthy financial sector.

In his meetings with Minister of Foreign Affairs Nikos Christodoulides, Minister of Finance Harris Georgiades, Central Bank Governor Chrystalla Georghadji, and other officials, Billingslea discussed the positive improvements and reforms that Cyprus has made in its anti-money laundering regulations and regulatory oversight.

Discussions on Friday also explored areas where the United States and Cyprus can continue to partner to fight threats to the international financial sector.

Positive, long-term economic development requires a strong and well-regulated banking sector. It is vital that illicit actors know that Cyprus is not open for business. The United States was encouraged by the commitments made by Cypriot officials today and will continue to work together to combat corruption, money laundering, and other financial threats, the press release says.

Source: Cyprus News Agency