The Cyprus House of Representatives has enacted the amending law to the Prevention and Suppression of Money laundering and Terrorist Financing Law 188(I)/2007, thereby fully implementing the EU Fifth Anti-Money Laundering Directive (5AMLD). At the same time, the European Commission has issued letters of formal notice to Germany, Portugal and Romania for failing to fully implement the EU Fourth Anti-Money Laundering Directive more than three years after the June 2017 deadline...