The derogation has a clock
Cyprus onboarding desks rarely argue about whether verification is required. They argue about when, and how long a client can sit on the books unverified…
Cyprus onboarding desks rarely argue about whether verification is required. They argue about when, and how long a client can sit on the books unverified…
A Cyprus compliance officer who has wanted someone at EU level to say what ongoing monitoring actually requires now has a text to read and a window to…
Every practice has the file that will not close. Two of the four documents arrive, then the client goes quiet. ICPAC's AML Directive is direct about how…
Most Cyprus lawyers who wound down an administrative-services practice think of it as something they stopped doing. The Bar Association's standing…
Most compliance officers in Cyprus watch the EU list. ICPAC's Sanctions Directive is written on the assumption that you watch three. ICPAC issues the…
Most firms treat an ICPAC inspection as something they will get time to prepare for. Regulation 4.602 is drafted on the opposite assumption. ICPAC adopted…
The firms leaving the market deserve more of your attention than the ones staying. CySEC issued Circular C790 on 7 July 2026, six days after the MiCA…
If your sanctions procedure still cites the 2016 implementation law, it cites a law that has been repealed. CySEC issued Circular C724 on 1 August 2025 to…
The Cyprus Bar Association issued Circular 02/2026 on 7 January 2026, through its Supervision and Compliance Department, addressed to obliged entities. It…
The Cyprus Bar Association issued Circular 01/2026 on 7 January 2026, through its Supervision and Compliance Department, to all members and obliged…
AMLA is consulting on the rules that will decide how your supervisor rates your firm, and for a small Cyprus practice that rating will normally be…
AMLA has harmonised the reasoning behind an enforcement decision rather than the price of one, and the provision that will decide most Cyprus files puts a…
Six years after the FATF brought virtual-asset service providers inside the global AML framework, most of the world has still not finished implementing…
Money-laundering risk is never a single number. Under the FATF risk-based approach, the EU AML Directives and Cyprus Law 188(I)/2007, a firm must run a…
Geographic risk comes before everything else in an AML file: is the client, the owner, or the money connected to a listed jurisdiction? Four public lists…
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