Off one list, not the table
The Cyprus Bar Association has told its members that Vietnam and Panama are off the EU's list of non-cooperative tax jurisdictions, and in the same…
The Cyprus Bar Association has told its members that Vietnam and Panama are off the EU's list of non-cooperative tax jurisdictions, and in the same…
Does a one-off job become a client relationship only when the work comes back? AMLA's final draft EU standard adds a second question for lawyers, tax…
Cyprus's financial intelligence unit, MOKAS, says a suspicious transaction report fails submission if its narrative is not more than 400 and less than…
Customers you already have are not grandfathered. AMLA's final draft EU standard on customer due diligence says their files must be brought in line within…
The Cyprus Bar Association's new guidelines on third-party reliance turn on the arrangement you have with the person doing the client work. One kind makes…
When does a one-off job become a client relationship? For the professions that provide services rather than move money, lawyers, accountants and tax…
Until 14 September 2026 the Cyprus Bar Association's compliance officer directive was about the certificate: how to sit the exam, and who could be excused…
The most useful column in ICPAC's new circular is the one nobody reads: the amendment date. ICPAC issued Compliance Circular 28/2026 on 10 September 2026…
Low risk is not a discount on the file. In AMLA's draft EU standard, simplified due diligence still identifies the customer, still identifies and verifies…
Held an ICPAC ASP licence on 31 December 2025? A new annual questionnaire is yours to file unless two things were both true last year: no ASP income and…
A common EU form for reporting suspicions is out in draft, and it does not land on every firm the same way. If your FIU's platform generates your reports…
The Cyprus Bar Association's 2025 compliance questionnaire is not one filing per firm. Circular 14/2026 addresses it to self-employed lawyers, to salaried…
A risk assessment that opens with "we are a medium-risk firm" has skipped the part that matters. AMLA's draft guidelines put a three-phase method behind…
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…
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