24.05.13 @ 18:01
The report in question is a four-page summary of a longer study written by Moneyval, a unit of the Strasbourg-based Council of Europe, and Deloitte, a US accountancy firm.
The summary was drafted on behalf of the “troika” – the European Central Bank, the European Commission and the International Monetary Fund – and circulated to ministers on 14 May.
It was also leaked last weekend by the Cypriot website stockwatch.com.cy.
It says that some leading Cypriot banks rely on “high risk” clients for most of their business, that banks do not do proper checks on who their customers are and that they do not file “suspicious transaction reports” even in “compelling cases.”