By Nick Kochan Thomson Reuters Regulatory Intelligence Analysis Cyprus’s financial services compliance and enforcement organisations have been undergoing root-and-branch reforms, but the island’s regulation remains overshadowed by a legacy of largely Russian financial
“Vote of confidence” says CySEC Cyprus has improved its measures for tackling money laundering and combating financing of terrorism, according to the latest Moneyval report, with the Securities and Exchange Commission saying
By Nick Kochan Western law enforcement agencies are closing the loopholes in sanctions policies in a bid to ratchet up the pressure on anyone seeking to circumvent sanctions on Russia. A period
Massive abuse of system led to thousands of passports being issued illegally Demetra Kalogerou was the longest serving Chair at the Cyprus Securities and Exchange Commission with a reputation for building
Cyprus will need to do more to combat corruption, by introducing a dedicated anti-corruption policy focussing on high-ranking officials and the police, said the Council of Europe’s Group of States Against Corruption
By Sandra Nebritova The recent sanctions imposed on a number of Cypriot companies and individuals has cast yet another shadow on our beautiful island. As reported previously, the sanctions have been imposed
By Sandra Nebritova The latest events with the war in Ukraine have shaken the world and had a massive impact on a number of aspects of life, social as well as business.
By Sandra Nebritova The European Commission has presented a new package of changes on the legislation in the approach to Anti-money laundering. This new package consists of four main points and addresses
Businesses based in Cyprus will be obliged to declare their true owners, as Cyprus takes steps to shed its spotty reputation as a money-laundering haven, to protect its fragile economy and to
By Sandra Nebritova This month, the Securities and Exchange Commission (CySEC) published a consultation paper on improving the facilitation of customer due diligence with innovative technologies. This opens a completely new chapter
