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...
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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...