197 results found

On 10 September 2024, the European Supervisory Authorities (ESAs)—the European Banking Authority (EBA), the European Insurance and Occupational Pensions Authority (EIOPA)...

The Institute for Economics and Peace has published the Global Terrorism Index (GTI), which outlines the main trends in global terrorism.

The Cyprus Bar Association has issued its first Guidelines on Business-Wide Risk Assessment (BWRA), establishing a comprehensive framework for supervised entities to identify and mitigate money laundering, terrorist financing and sanctions risks. These guidelines provide practical direction for compliance with the new EU Anti-Money Laundering Regulation ahead of its July 2027 implementation deadline, outlining methodologies for risk assessment, control evaluation and ongoing monitoring requirements.

Cyprus has elevated its ultimate beneficial owner (UBO) reporting status by implementing all of the mechanisms for the creation, operation and maintenance of a UBO register.

The Central Bank of Cyprus ("CBC") has updated its anti-money laundering and counter-terrorist financing (AML/CFT) regulatory framework through the adoption of a revamped AML Directive (Κ.Δ.Π. 120/2025)...

Notification & passporting: Funds must submit core documents—such as the prospectus, KIID, and reports—to host NCAs before marketing; some jurisdictions allow marketing once an acknowledgment is received

Artificial Intelligence is transforming our world, enabling innovation across industries and unlocking operational efficiencies once thought impossible. But with progress comes risk.

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.

On 30th May 2024, it was announced that the European Council adopted a package of new anti-money-laundering rules, with the aim of safeguarding the rights of EU citizens...

The European Commission (the "Commission") continually demonstrates its commitment to strengthening measures for countering money laundering and terrorist financing at EU level...

The key and most far reaching changes in recent years has undoubtedly been the introduction of the General Data Protection Regulation (GDPR)

Enhanced and additional measures have been established and applied by the Central Bank of Cyprus through amendment of its directive on Prevention of Money Laundering and Terrorist Financing issued on 7 April 2016

In July 2021, the European Commission introduced a set of legislative proposals aimed at enhancing the European Union's anti-money laundering and counter-financing...

In a significant stride toward combating money laundering and terrorist financing, the European Union has reached a pivotal agreement on the Anti-Money Laundering (AML) Regulation and Directive.

On 25.06.2021 CySEC published the Directive for the Prevention and Suppression of Money Laundering and Terrorist Financing (Register of Crypto Asset Service Providers) (the ‘Directive')...

Article 30 of the 4th European Directive (EU) 2015/849 on the prevention of the use of the financial system for the purpose of money laundering or terrorist financing requires all Member States of the European Union ...

The guidelines also note that the jurisdiction in which the client is based, operates and has personal links will be relevant.

Money laundering is the process of concealing the origin, ownership, or destination of illegally obtained funds or assets. It poses a serious threat to the integrity and stability...