Crypto asset service providers is a new concept that was introduced in Cyprus with the transposition of the Fifth Anti-Money Laundering Directive into national legislation. The amended AML legislation was introduced on 25 June 2021 and regulates the digital...
FiveComply has attended today CySEC’s digital event “CySEC 25 Years: The Past, Present and Future of Financial Development and Innovation” which discussed various interesting topics relating to the growth and expansion of CySEC and the evolvement of the...
Following its June 2021 plenary meeting, the Financial Action Task Force (‘FATF’) has confirmed that an onsite inspection will be conducted in Mauritius in order to assess the implemented AML/CFT measures / reforms and the progress made in order to decide...
Further to the issuance of Circular C451, the Cyprus Securities and Exchange Commission (‘CySEC’) wishes to inform CIFs that, a new version of the Form RBSF-CIF Version 4 (‘the Form’) needs to be completed for the annual collection of various statistical...
The Cyprus Securities and Exchange Commission (‘CySEC’) has issued Circular C445 to inform CIFs that, due to the COVID-19 situation, the deadlines for submission of the following to CYSEC are extended: Reporting Obligations Previous deadline New deadline...
CySEC has conducted an annual assessment of all the Compliance Officers’ Annual Reports (‘CO Reports’) and Internal Audit Reports (‘IA Reports’) for the year 2019 along with their Board of Directors minutes (‘BoD minutes’), as these were submitted to CySEC...
The Cyprus Securities and Exchange Commission (‘CySEC’) has recently carried out a review on whether Regulated Entities (i.e. CIFs and Management Companies) are in compliance with the requirements imposed under Article 17(2) of the Investment Services,...