Insights
Practical commentary on the legal developments that affect businesses and individuals in Cyprus.
Find your answer
Type at least two characters for instant suggestions.
10 articles · Clear filters
Company & Corporate Law
The release of the information added on the UBO Registry in Cyprus is divided to two phases: Phase 1. During the first 12-month reporting period, i.e., starting from 12.03.2021 to 12.03.2022, only Cyprus competent supervisory authorities such as the Financial Intelligence Unit (FIU) of Cyprus, the Customs Department, the Tax Department and the Police… Read More
Banking & Finance
Legal Update: 23/06/2021 The Cyprus Securities and Exchange Commission (“CySec”), being the competent independent authority for maintaining and operating the Trusts UBO Registry as required by the transposition of the 5th Anti – Money Laundering Directive (“5AMLD”) announced on 18/06/2021, the issuance of its Directive for the prevention and suppression of money laundering and… Read More
Company & Corporate Law
The Cyprus Securities and Exchange Commission (“CySec”), issued the Directive that regulates the operation of the Trusts UBO Registry. The Directive was published on 18/06/2021. A concise summary of the new legal framework and the requirements applicable, is provided by the press release of STEP Cyprus in the link below. https://www.step.org/system/files/media/files/2021-06/step-cyprus_press-relea
Company & Corporate Law
Introduction The Fifth Anti-Money Laundering Directive (5AMLD) came into effect on the 10th January 2020 and serves to address new issues that have been exposed since the Fourth Anti-Money Laundering Directive which came into force back in 2017. It is a European Union (EU) legislation with the aim to strengthen the barriers in the battle… Read More
Direct advice. Prompt response.
