The CJEU strikes a blow to the UBO public registries.
The Court of Justice of the European Union in a judgment delivered on 22/11/2022, in a preliminary ruling, decided that the provision whereby the information on the beneficial ownership of...
Directive for the Beneficial Ownership Register of Express Trusts and Similar Legal Arrangements
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 Trusts UBO Registry.
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...
The end of anonymity. Cyprus transposes into Law the Fifth Anti-money laundering Directive. (Directive 2018/843)
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...