Cyprus

If you are in need of support with your compliance matters in Cyprus, we will gladly come to your aid and use our experience and insight into the regulatory environment. We can handle procedures from establishing a functional AML system for your company and obtaining necessary licenses and authorisations from the regulator to assisting with periodic reporting. For additional details and more available services please refer to the section Services of this website.

REGULATOR

• Cyprus Securities and Exchange Commission (CySEC) – for investments firms and funds, corporate (administrative) service providers.
• Central Bank of Cyprus – for credit institutions.
• European Central Bank – ECB is the head bank regulator in the EU, but it may act indirectly, through the national Central Bank.

LEGISLATION

EU banking (Basel III, CRD IV), financial (PSD2, PSR, EMR) and AML (4th AML Directive) legislation. The relevant national legislation consists of the Prevention and Suppression of Money Laundering and Terrorist Financing Law, the Directive regarding the prevention of money laundering and terrorist financing, the Law on Companies providing Administrative Services and Related Matters, the Credit Business Law (implementing CRD IV).

FIU

MOKAS – is active as a bureau for receiving suspicious (unusual) transactions reports.