The Report differentiates and analyses the types of reports received by MOKAS, which are the following:

• Suspicious Activity Reports (SARs)
• Suspicious Transaction Reports (STRs)
• Additional Information File
• Cross-border Reports
• Cross-border Disseminations

The Report also highlights the:

• Enhanced collaboration between public and private sectors
• Strengthened cross-border cooperation under Egmont Group guidelines
• Increased asset freezing and confiscation efforts
• Key findings from the latest MONEYVAL Committee evaluation

CySEC strongly advises all regulated entities to carefully review the report and integrate its findings into their compliance practices.

Full details of CySEC’s Circular can be accessed here and the MOKAS Report here.