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  • Article

    Amendments To The Special Defence Contribution

    On 8 June 2022, amendments to the Special Contribution for the Defence Law were published in the Cyprus Government Gazette ("Law amendments") amending the range of taxpayers eligible for 3% taxation...
    CyprusFinance and Banking
    KPMG in Cyprus
    KPMG in Cyprus
  • Article

    Bank Of Cyprus Completes Recapitalisation And Exits Resolution

    The Ministry of Finance and the Central Bank of Cyprus announced on 30 July 2013 that the Bank of Cyprus has been fully recapitalised by the overall conversion of 47,5% of uninsured deposits into shares in the bank, thus putting an end to a period of uncertainty.
    CyprusFinance and Banking
    Harneys
    Harneys
Article

Bitcoin And The Law

A bitcoin is digital crypto currency, which means it is entirely controlled and stored on computers spread across the internet.
CyprusFinance and Banking
AGPLAW | A.G. Paphitis & Co. LLC
AGPLAW | A.G. Paphitis & Co. LLC
  • Article

    Central Bank Of Cyprus: Announcement Regarding New Directive To Strengthen Anti-Money Laundering Measures And Improve Access To Financial Services

    On 2 May 2025, the Central Bank of Cyprus (CBC) announced the adoption of a new Directive (Κ.Δ.Π. 120/2025) focused on preventing money laundering and the financing of terrorism.
    CyprusFinance and Banking
    Michael Kyprianou & Co. LLC
    Michael Kyprianou & Co. LLC
  • Article

    Clarification On Shell Companies | Revised Definition By The Central Bank Of Cyprus

    The revised definition of shell companies/entities comes in as a great tool to facilitate banks during account opening for international business companies as well as Service Providers offering corporate services in general.
    CyprusFinance and Banking
    AGPLAW | A.G. Paphitis & Co. LLC
    AGPLAW | A.G. Paphitis & Co. LLC
  • Article

    Cyprus Investment Funds (AIFs, UCITs) Guide - Key Benefits For Cyprus Based Funds And Fund Managers

    RSM Cyprus together with our Global Network serves clients spanning all revenue categories, from start-ups to multi-billion-dollar entities.
    CyprusFinance and Banking
    RSM Cyprus
    RSM Cyprus
  • Article

    Foreign Account Tax Compliance Act (FATCA) – The Decree In Accordance With The Assessment And Collection Of Taxes Law

    The decree of 2015 in accordance with the Assessment and Collection of Taxes Law has been issued and published in the official Gazette of the Republic of Cyprus...
    CyprusFinance and Banking
    KPMG in Cyprus
    KPMG in Cyprus
  • Article

    IFRS 16 - Leases And The Impact On Credit Institutions

    IFRS 16 is expected to have an impact on both the numerator and the denominator of the TCR.
    CyprusFinance and Banking
    Deloitte Cyprus
    Deloitte Cyprus
  • Article

    Licensing Requirements For Cyprus Alternative Investment Funds And Their Managers

    After the application of the EU Alternative Investment Fund Managers Directive 2011/61/EU ("AIFMD"), Cyprus has uniquely managed to combine the benefits of the sound EU
    CyprusFinance and Banking
    Elias Neocleous & Co LLC
    Elias Neocleous & Co LLC
  • Article

    New Type Of Funds (Cyprus): The Registered AIF (RAIF)

    A new category of Alternative Investment Funds, the Registered AIFs (‘RAIFs') has been introduced by the CySEC and recently affirmed by the Cyprus Parliament.
    CyprusFinance and Banking
    AGPLAW | A.G. Paphitis & Co. LLC
    AGPLAW | A.G. Paphitis & Co. LLC
  • Article

    Observations Of The AGM Of Association Of Cyprus International Investment Firms

    On 23rd January the Association of Cyprus International Investment Firms convened its Annual General Meeting
    CyprusFinance and Banking
    AGPLAW | A.G. Paphitis & Co. LLC
    AGPLAW | A.G. Paphitis & Co. LLC
  • Article

    PSD2 Implications For CASPs Dealing With E-Money Tokens

    On 3 February 2026, the Central Bank of Cyprus ("CBC") published an announcement (available here) following the European Banking Authority's No Action Letter (available here) on the interplay between the PSD2...
    CyprusFinance and Banking
    A.G. Erotocritou LLC
    A.G. Erotocritou LLC
  • Article

    Reduction Of Non-Performing Loans In The Cyprus Banking Sector

    The Central Bank of Cyprus (CBC) has recently published its latest analysis of data on non-performing loans in the Cyprus banking sector
    CyprusFinance and Banking
    Elias Neocleous & Co LLC
    Elias Neocleous & Co LLC
  • Article

    Strengthening Banking Transactions: Enhancing Security Through Client Interaction And Double Verific

    Today, banks and clients face more advanced fraud schemes than ever. Keeping transactions safe relies not just on technology, but also on careful communication with clients, checking payments thoroughly...
    CyprusFinance and Banking
    Frangos Law
    Frangos Law
  • Article

    What You Need To Know About The RAIF In Cyprus

    Over the last few years, the Cypriot government, the regulator (Cyprus Securities and Exchange Commission "CySec") and stakeholders of the fund industry have developed a strong collaboration.
    CyprusFinance and Banking
    Intertrust
    Intertrust
  • Article

    Analysis Of The Potential Consequences Of Non-Compliance With CySEC's AML And Sanctions Regulations

    Compliance with financial regulations is a fundamental requirement for entities operating under the supervision of the Cyprus Securities and Exchange Commission (CySEC). Regulatory breaches...
    CyprusGovernment, Public Sector
    Michael Kyprianou & Co. LLC
    Michael Kyprianou & Co. LLC
  • Article

    All You Need To Know About Payment Service Provider Licensing In Cyprus, Regulated As An Electronic Money Institution By The Central Bank Of Cyprus

    Simon Zenios & Co LLC, a leading law firm in Cyprus specializing in financial and corporate law, is delighted to offer comprehensive guidance and support for businesses seeking Payment Service Provider...
    CyprusTechnology
    Simon Zenios & Co
    Simon Zenios & Co
  • Article

    CySEC Issues Circular In Relation To Prudential Treatment Of Crypto Assets And Enhancement Of Risk Management Procedures Associated With Crypto Assets

    CySEC has issued a Circular on 3 August, providing some clarity on the matters of the prudential treatment of crypto assets and enhancement of risk management procedures associated with them, focusing on Cyprus Investment Firms.
    CyprusTechnology
    Elias Neocleous & Co LLC
    Elias Neocleous & Co LLC
  • Article

    Digital Transformation

    "Digital has given us this amazing opportunity to completely reimagine what we do as a bank," Angus Sullivan, Group Executive, Retail Banking Services at the CBA told KPMG in a recent meeting.
    CyprusTechnology
    KPMG in Cyprus
    KPMG in Cyprus
  • Article

    ‘Europe's Moment – Euro 750 Billion Covid 19 Fund Proposal Announced.

    European Commission President, Ursula von der Leyen, today 27 May 2020, announced proposals for a EURO 750 bn relief package to help the European Union (‘EU') tackle an unprecedented economic...
    European UnionCoronavirus (COVID-19)
    Elias Neocleous & Co LLC
    Elias Neocleous & Co LLC
  • Showing 241–260 of 836 results

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