Measures implemented in Cyprus to fight money laundering will be privately assessed before the island's creditors agree to a bailout, dpa quoted Eurogroup chief Jeroen Dijsselbloem as saying Monday. The panel of eurozone finance ministers tasked the European Commission, European Central Bank and International Monetary Fund with agreeing to the terms for such an assessment within one week, Dijsselbloem said. It will check whether required anti-money laundering legislation is in place, and is being implemented, he said. EU Economy Commissioner Olli Rehn said: "It's a necessary condition that Cyprus will have both legislation and implementation in line with international and European standards in order to fight money laundering."
