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General Information

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Within the realm of financial management and control of European resources, and the safeguarding of the Union's financial interests, the Directorate of Financial Control of European Funds (DFC) of the Treasury of the Republic of Cyprus has the following roles and responsibilities:
 
  • Anti-Fraud Coordination Service (AFCOS), designated in accordance with the “o Περί του Εθνικού Συντονιστικού Φορέα για την Καταπολέμηση της Απάτης κατά των Οικονομικών Συμφερόντων της Ευρωπαϊκής Ένωσης Νόμος του 2024 (Ν.62(Ι)/2024)”. 
       
  • The Central Expenditure Verification Body is responsible for primary control, ensuring proper financial management, transparency and timely implementation. Its role is to prevent the loss of resources due to irregularities as outlined in Council of Ministers' Decisions No. 79.735 dated 11/17/2015 and No. 94.440 dated 22/02/2023 for the Cohesion and Fisheries Programs as well as No. 93.428 dated 28/07/2022 for the Recovery and Resilience Plan.  
       
  • Certification Authority is the competent authority responsible for certifying expenses submitted to the EU for co-financing and preparing the annual accounts of the Cohesion Policy and Fisheries programs as defined by the Council of Ministers' Decisions No. 79.735 dated 17/11 /2015, Decision No. 94.440 dated 22/02/2023, EEA and Norway Decision No. 3/10/2018 and Swiss Mechanism Decision No. 93.565 dated 31/08/2022. 
       
  • Competent Authority for Authorization of Verifiers of European Territorial Cooperation Programs: Designation, monitoring, training and control of primary verifiers of projects with Cypriot Partners in all territorial cooperation programs in which Cypriot Partners participate (Council of Ministers' Decision No. 89.360 dated 7/5/2020). 
       
  • Funding not related to costs - Support of co-financed program management bodies in the design of new projects and projects incorporating simplified methodologies and processes. 


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