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European Commission strengthens transparency rules to tackle terrorism financing, tax avoidance and money laundering

On 29 January 2024, the European Securities and Markets Authority (ESMA) published two consultation papers relating to draft guidelines proposed to be issued under Regulation 2023/1114 on markets in crypto-assets.

On 15 May 2020, DBRS became the latest international credit rating agency to announce its assessment of Cyprus' credit worthiness. Encouragingly, despite Cyprus now being two months into the Covid-19 pandemic...

When Cyprus and the Eurogroup (consisting of fi nance ministers of the EU member states having the Euro as their currency) decided on the terms of a memorandum of understanding with Troika (consisting of the European Commission, the European Central Bank and the International Monetary Fund) the whole world was taken by surprise.

In this short video we analyse the subsidies / financial assistance Cyprus companies can enjoy. Cyprus being an EU member can offer to its local companies...

Binary Options Trading resembles a method of trading through speculation on the price of different forms of commodities or assets with a predetermined risk which offers potential for profit or loss.

In today's legal and commercial landscape, disputes involving asset transfers often pose significant challenges, particularly when creditors face efforts to evade obligations.

By virtue of this legislative amendment, among other changes, the use of cash as a means of remuneration payment is minimized, while new obligations for employers are introduced...

The latest relaxations pertaining to transactions were passed on 17 May 2013 in Decree No 12 under the Enforcement of Restrictive Measures on Transactions in case of Emergency Law of 2013.

The guidelines will enter into force on 30 September 2019, with the 2006 guidelines on outsourcing being repealed at the same time.

In an article in Gold magazine, Marios Charalambides, Partner, Board Member, and Head of Financial Services at RSM Cyprus, discusses family office trends, challenges, and their future outlook.

In addition to being a Common Law jurisdiction, Cyprus is also a Member of the EU.

Swiss Franc loan contracts involved thousands of borrowers in default both in Cyprus and other Balkan and European countries.

The Cypriot banking system is currently being confronted with the issue of providing foreign loans and in particular Swiss francs to both locals and foreigners to cover their housing requirements.

In times of financial difficulty, the Personal Insolvency (Personal Repayment Plans and Debt Relief Order) Law of 2015 in Cyprus provides a structured way for debtors to manage their debts while protecting their principal residence.

Giambrone has launched a three pronged attack on Banc de Binary and Options FM Group in an attempt to retrieve the funds lost by our clients to these organisations.

Digital advancements or technology transformation has been more increasingly identified in strategic initiatives.

In recent years, Cyprus has made significant strides in reforming and modernizing its tax system, aligning it closely with international standards.