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ARTICLE · 05 JULY 2021

Express Trusts The Register For Beneficiaries

KINANIS LLC
KINANIS LLC
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KINANIS LLC

KINANIS LLC

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Information as to the country of domicile or residence of the trustee or other person having an equivalent position and the residential address.

CyprusCorporate/Commercial Law
Maria Pavlou
Maria Pavlou
Androniki Onisiforou
Androniki Onisiforou
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INTRODUCTION

On the 18th of June 2021, the Cyprus Securities and Exchange Commission (the "CySec") pursuant to Article 61C of the Prevention and Suppression of Money Laundering and Terrorist Financing Law of 2021 (the "AML Law") issued a regulation (Regulatory Administrative Act 257/2021) (the "Directive"), identifying the obligations and procedure for the registration, notification, administration, maintenance and update of the information in relation to the Beneficial Owners (the "BOs") of express trusts and other similar legal arrangements with the electronic system created by CySec (the "System").

Meaning of BO: as per the AML Law a beneficial owner means any physical person who has the ultimate ownership or control of a legal entity and in relation to trusts includes the following persons:

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