Money Laundering

(Beta version)

With Law 4557/2018 which cancels Law 3691/2008, the Independent Public Revenue Authorities designated as the competent authority for the supervision of:

a) external tax accountants and legal entities providing accounting and tax services, as well as private auditors

b) real estate brokers and

c) traders and auctioneers of high value goods.

In this context, the Financial Action Task Force (FATF) is an international organization established with the purpose of adopting standards and promoting the effective implementation of legal, regulatory and operational measures to combat money laundering, terrorist financing and other relevant threats to the integrity of the international financial system.

FATF has developed Recommendations that are recognized as international standards to combat money laundering, the financing of terrorism and the proliferation of weapons of mass destruction.

At the same time, FATF monitors countries' progress in implementing the necessary measures, updates the techniques and countermeasures applied against money laundering and terrorist financing and works to identify weaknesses at national level with the purpose of protecting the international financial system.