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Modern banking compliance was designed to protect the financial system from crime, terrorism, and systemic abuse

Inter-creditor agreements (ICAs) are crucial in organising cross-border finance transactions involving various lenders or creditor classes funding a single borrower.

Supreme Court of Cyprus: Personal guarantees remain binding, even in cases of alleged psychological pressure...

The AEI is a mechanism enabling the national tax authorities to collect the taxes that are due on income and capital that their residents have in other jurisdictions.

BVI passed the Economic Substance Act, due to the lack of tax transparency in the territory, in order to avoid BVI to be included in the EU list of the non-cooperative jurisdictions for tax purposes.

For background, please refer to our Tax Update Newsletters N-9-2021, N-15-2021 and N-26-2021.

The second round of draft regulatory measures for the Markets in Crypto-Assets Regulation (MiCA), encompassing Level 2 and Level 3 provisions, was separately disclosed by ESMA and the EBA in October 2023.

In the rapidly evolving fintech industry, understanding and obtaining licenses for Payment Service Providers (PSP)...

Financial technology ("FinTech") has had an unprecedented increase in this generation. However, with that, it has also introduced unique and significant anti-money laundering ("AML") risks. This is mostly due to its rapid speed, digital nature and at times, unmonitored global reach.

The government has published a draft law(1) which amends the Assessment and Collection of Taxes Law 1978(2) to facilitate the implementation of agreements for automatic exchange of information with other countries.

For wealthy families, entrepreneurs, professionals and executives alike, expert advice on investment, financial planning and tax issues is critical to protecting and maximizing personal wealth.

The well-known policy of selling Swiss Franc-linked loans in the past decade, and in particular during the period 2006 - 2009, has lead bank borrowers, into a deeply troubled situation.

most common errors during correct reporting hello everyone my name is Laura let me talk to you about the most common errors...

This was done in accordance with the provisions of the Deposit Guarantee and Resolution of Credit and Other Institutions Scheme Regulations of 2016, as amended.

Cyprus is an EU member state which is increasingly becoming a jurisdiction of choice for the structuring of corporate finance and acquisitions.

In July 2026, the Cyprus Business Development Organisation Law 2026 (Law 124(I)/2026) was enacted, providing for the establishment and operation of the Cyprus Business Development Organisation (the “Organisation”).

Up until the last decade or so, the financial industry has been more or less self-regulated.