CySEC via the issuance of its Circular C476 has informed Regulated Entities (CIFs, CASPs, ASPs, AIFMs, etc.) that the Financial Action Task Force (FATF) has updated its 2019 Guidance for a Risk-Based Approach to Virtual Assets (VAs) and Virtual Asset Service Providers (VASPs)....
At its October 2021 Plenary, the FATF concluded that Mauritius would NO longer be subject to increased monitoring by the FATF, as Mauritius strengthened the effectiveness of its AML/CFT regime and addressed related technical deficiencies to meet the Action Plan’s commitments...
The Cyprus Securities and Exchange Commission (“CySEC”) on September 13th, 2021, issued a Policy Statement on the Registration and Operations of Crypto Asset Services Providers (“CASP”), where it outlines the registration requirements and provides additional...
5th and 6th of October, 2021 10 am – 6:30 pm ‘The 5Comply Networking Event’ We invite FIVECOMPLY friends, clients, associates, Financial services & technology professionals, to our networking event to enjoy food, drinks and...
The Cyprus Securities and Exchange Commission (the ‘CySEC’) is the regulator which authorises and supervises amongst others, Cyprus Investment Firms / Forex (CFDs) Brokerages / Traditional Brokerages in Cyprus. Cyprus is part of the European Union, thus, a CySEC licensed...
CySEC issued Circular C462 to inform the CIFs that is amending Circular C417 regarding the prudential treatment of crypto assets. Therefore, the prudential treatment of crypto assets will be as follows: A. Calculation of own funds and capital adequacy ratio...
CySEC has issued the Circular C458 on July 14th, 2021, to inform Cyprus Investment Firms (“CIFs”) that CySEC’s Circular C418 ‘Enhancement of procedures regarding safeguarding of client funds held by CIFs’ shall be amended. Specifically, the amendment refers to the...