Opening A Bank Account In Cyprus

Banking sector quality has dropped to a moderate satisfactory level following the Anti Money Laundering regulations forced by the European Union. The anti-money laundering and counter financing of terrorism regulatory and supervisory framework of Cyprus are subject to assessments by the Moneyval Committee of the Council of Europe. That means that the banks pay more attention to gathering the DDDs information following the KYC procedures as instructed in the 5th AML Directive. 

The online banking services of all major banks in Cyprus meet the highest standards; some of them have been accredited by international banking institutions for their services and their high standards. 

We aim to provide the best quality services and to open a bank account within 10 days from the day of the submission. CAUSE Audit Services Ltd is following internal policies and procedures to be in alignment with the 5th AML Directive policy.