The Financial Intelligence Unit (FIU) of Seychelles has issued Guidelines for Suspicious Transaction Reporting (STR) in an effort to provide practical assistance and comprehensive approach to reporting entities by enabling them to recognise suspicious transactions and meet...
On 24 September 2020, the European Commission published its proposal on the Regulation on Markets in Crypto Assets (‘MiCA Regulation’), which shall form part of a wider set of publications on Europe’s Digital Finance Strategy. On 24 November 2021, the European Council...
The Cyprus Securities and Exchange Commission (CySEC) has issued Circular C483 on January 18th, 2022, to remind Cyprus Investment Firms (CIFs) of the European Banking Authority (EBA) and the European Securities and Markets Authority (ESMA) revised joint Guidelines on the...
The European Commission via its Commission Delegated Regulation of 07/01/2022, amending Delegated Regulation (EU) 2016/1675, has deleted the Mauritius from the EU list of high-risk countries. Along with Mauritius, the Bahamas, Botswana, Ghana and Iraq were also removed. For...
CySEC has issued Circular C478 on 21 December 2021, informing Regulated Entities (i.e., CIFs, ASPs, UCITS, AIFMs, AIFs, AIFLNPs, CASPs, etc.) on the result of the National Risk Assessment (‘the NRA’) on Money Laundering and Terrorist Financing (‘ML/TF’) risks of Virtual Assets...
The European Securities and Markets Authority (ESMA) has updated its Question and Answers (available here), relating to the application of the Alternative Investment Fund Managers Directive (AIFMD), Directive 2011/61/EU. ESMA added a new question under Section XI of the...
CySEC has issued a Policy Statement (available here), relating to its decision to further amend Directive 87-04, in an effort to ensure the smooth transition of UK groups / firms operating under the Temporary Permissions Regime (TPR), until they establish physical presence in...