The Seychelles Cabinet of Ministers has endorsed the National Risk Assessment (NRA) Report on Virtual Assets (VA) and Virtual Assets Service Providers (VASPs) during a scheduled cabinet meeting on August 24th, 2022, permitting the National Anti-Money Laundering and Countering...
The Financial Services Authority (FSA) of Seychelles advised on the 16th of August, 2022 that the National Risk Assessment (NRA) Report pertaining to the NRA on Virtual Assets (VA) and Virtual Assets Service Providers (VASPs), which was conducted by Mr. Danny Sanhye of BDS...
CySEC announced on the 21st of July 2022, additional supervisory actions focusing on regulatory compliance and investor protection. More specifically, has warned Cyprus Investments Firms (CIFs) trading in contracts for difference (CFDs) that they must take immediate action to...
The Cyprus Securities and Exchange Commission through the issuance of Circular C518, has informed all CIF regulated entities of the new Prudential Supervision Forms: Prudential Form 165-03 ‘Prudential Supervision Information’ The Prudential Form 165-03 updates and replaces...
The FSC Mauritius has issued the FSC Rules to be implemented in connection to the Virtual Asset and Initial Token Offering Services (VAITOS) Act 2021; the FSC Rules have been open to the public for their comments, feedback and suggestions until the 15 of June 2022. Based on...
The Financial Services Authority of Seychelles has issued Circular no.6 of 2022 which makes reference to the new Financial Consumer Protection Act (FCPA) that came into force on 1st of May 2022. Securities Dealer Licensees are now obliged under Section 8 of the FCPA to...
On the 17th of June 2022, FATF issued its new list of countries with strategic deficiencies in their regimes to counter money laundering, terrorist financing, and proliferation financing. More specifically, the changes from the previous list are the following: Malta was...