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ARTICLE · 19 DECEMBER 2018

CYSEC Risk-Based Approach Guidance For The Securities Sector

G. Vrikis & Associates LLC
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This Guidance highlights some of these risks depending on the securities products and services involved and the measures to be put in place to mitigate such vulnerabilities.

CyprusCorporate/Commercial Law
G. Vrikis & Associates LLC
G. Vrikis & Associates LLC
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The Cyprus Securities and Exchange Commission (the 'CySEC'), has issued a Circular on the 5th November 2018 (Circular C286), to inform the Regulated Entities that the Financial Action Task Force (FATF) has published a Risk-Based Approach Guidance for the Securities Sector.

Some of the characteristics of securities sectors, such as a high level of interaction, high volumes, speed and anonymity may create opportunities for criminals to launder the proceeds of crime. Each of the activities and services offered by the securities sector participants presents different money laundering and terrorist financing (ML/TF) risks. This Guidance highlights some of these risks depending on the securities products and services involved and the measures to be put in place to mitigate such vulnerabilities.

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