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The main problem that the Cypriot economy faced in recent years was the disproportionately big size of the banking sector in relation to the country's GDP.

The rise of digital banking and fintech-driven financial models has significantly reshaped how companies manage cross-border transactions and structure their corporate operations. Accelerated by the global pandemic...

The attorney-general has appealed a Supreme Court decision on disclosing bank transactions abroad at a time they were banned during the lead up to the 2013 haircut on deposits

For CySEC to grant CIF authorisation, a formal application procedure needs to be followed, and certain requirements must be met, the most important of which are stated below.

Alternative investment funds (AIFs) are an important source of finance for companies in EU Member States: there were 30,357 AIFs in the EU as of 2018, and, as measured by Net Asset Value (NAV)...

The Investor Compensation Fund provides a safety net for the clients of the regulated entities of the island, and its role and mechanism are analysed herein.

Like most financial engineering techniques, securitisation is not without risk.

In this ever-changing environment, the Shipping Industry is called upon to face enormous challenges deriving from the necessity for transforming the industry into a "green area" and satisfying the...

The world of banking and finance is undergoing rapid transformation. From the rise of digital platforms and alternative payment systems to the expanding scope of regulatory oversight, today's financial environment is more complex and fast-paced than ever.

Cyprus is exposed to external ML risks owing to its position as an international financial centre.

Following the decision of the Supreme Court of Cyprus, which ruled that key provisions of the Law on trapped buyers were unconstitutional, the Land Registry Department had suspended the process...

Recently, the Civil Registry Law of 2002 (L.141 (I) 2002) has been amended, to introduce provisions on the electronic identity card ("EID").

The term 'undocumented account' as defined in the relevant legislation on CRS refers only to pre-existing accounts.

This means that any rulings issued previously on IGFTs are, unless challenged in Court, to be considered as no longer binding.

On 1 July 2016, EU Regulation No. 910/2014 on Electronic Identification and Trust Services for Electronic Transactions in the Internal Market...

The CySEC has issued a draft circular for consultation with CIFs' and other stakeholders setting out proposed changes to and clarifications of the detailed procedures to be followed by CIFs...

The Cypriot registered alternative investment fund (RAIF), enables a fast and cost-efficient fund launch in the European Union.