The Consolidated Directive for the Prevention and Suppression of Money Laundering and Terrorist Financing for Crypto Asset Service Providers (CASPs) integrates key provisions from R.A.D. 269/2021, R.A.D. 384/2021, and R.A.D. 343/2023. It establishes a robust framework to...
On December 13, 2024, the Cyprus Securities and Exchange Commission (CySEC) released the Policy Statement (PS-03-2024) on the fees payable and information required for entities falling under the scope of the Markets in Crypto-Assets Regulation (MiCAR). This publication follows...
As the financial industry continues to evolve, staying compliant with regulations is more critical than ever. At FiveComply, we specialize in providing comprehensive compliance support tailored to your business needs. On the 6th of August 2024, the Cyprus Securities and...
In a significant step to combat financial crime, the European Union has introduced a comprehensive set of regulations designed to enhance its anti-money laundering (AML) and counter-terrorism financing (CFT) efforts. Published on June 19, 2024, this reform package marks a...
In a recent announcement, the Cyprus Securities and Exchange Commission (CySEC) shared its focus areas for 2024, aiming to guide and support regulated entities through evolving regulatory landscapes. As trusted advisors, FiveComply seeks to unpack these priorities for our...
On 20 February 2024, the Council of the European Union made a significant decision to remove Bahamas, Belize, Seychelles, and Turks and Caicos Islands from the list of non-cooperative jurisdictions for tax purposes. This update brings the EU list to comprise 12 jurisdictions...
In a pivotal move, the European Securities and Markets Authority (ESMA) has unveiled two Consultation Papers addressing crucial aspects of the Markets in Crypto Assets Regulation (MiCA). This comprehensive initiative seeks public input on guidelines related to reverse...