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The transition in the EU from the Third to the Fourth AML Directive has been over 10 years in the making and some would say overdue.

The Central Bank of Cyprus has announced that in accordance with the provisions of the Prevention and Suppression of Money Laundering and Terrorist Financing Law of 2007-2013 it intends to publish on its web site details of administrative fines it imposes on credit, payment and electronic money institutions for failure to comply with the provisions of the Law, any directives issued under it by the CBC, or Regulation 1781/2006 of the European Parliament and the Council.

In a world of increased globalisation, regulation continues to be a key driver of the strategic agenda for financial services firms.

Last year the Council of Ministers decided to transpose the 4th Anti-Money Laundering Directive (EU) 2015/849 to the national legislation.

The Cyprus Securities and Exchange Commission (CySEC) signed on the 25th of February an updated Memorandum of Understanding with the Bank of Russia...

In a world of increased globalisation, regulation continues to be a key driver of the strategic agenda for financial services firms.

The Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism (MONEYVAL) has reached to the conclusion that Cyprus is complying...

CySEC has revised its earlier circular on the effect of recent amendments to article 62 of the Prevention and Suppression of Money Laundering and Terrorist Financing Law of 2007...

The Department of Company Registrar announced an extension of the deadline for submitting information to the beneficial owner register.

Yiota Georgiou and Ioannis Sidiropoulos, associates of our firm, have published an article in the December/January issue of the STEP magazine discussing the creation of a register of ultimate

The Central Bank of Cyprus has announced that it intends to carry out a comprehensive national risk assessment of measures to combat money laundering and terrorist financing.

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In an era of growing globalisation, regulation remains a pivotal force shaping the strategic priorities of financial services firms. As domestic and international legal landscapes continue to evolve, we leverage our market-leading expertise to help clients navigate complexities and develop innovative, practical solutions to their regulatory challenges.

In a world of increased globalisation, regulation continues to be a key driver of the strategic agenda for financial services firms.

CySEC has issued Circular C.339 (available in English here), addressed to CySEC regulated entities, which adopts the new Terrorist Financing Risk Assessment Guidance (Guidance)

Cyprus investment firms, UCITS management companies, alternative investment fund managers and providers of corporate and fiduciary management services regulated by the Cyprus Securities and Exchange Commission ("CySEC") are required to submit to CySEC an annual report by their appointed anti-money laundering compliance officer.

CySEC issued a new Directive on 13.09.2021 in relation to the registration of crypto-asset service providers which amends the recent CySEC Directive for the prevention and suppression...

The US Department of Treasury Assistant Secretary for Terrorist Financing, Marshall Billingslea, visited Cyprus 18 & 19 April "to ensure that Cyprus has a strong and healthy financial sector"