On 23rd of June 2023, the Global anti-money laundering watchdog FATF added Cameroon, Croatia and Vietnam to its “grey list” of countries for failing to combat money laundering and terrorism financing. Although no countries have been removed from the grey list, the...
Following the publication of the EU MiCA Regulation in the Official Journal of the European Union (OJEU) on Friday 9th of June, we now have a clear roadmap about the developments of the crypto asset market and its service providers in the EU. MiCA will enter into force on 29...
CySEC adopts EBA Guidelines regarding remuneration practices and the gender pay gap in accordance with Directive (EU) 2019/2034 (EBA/GL/2022/07). In addition, the provision of relevant data regarding high earners, i.e. staff member(s) earning a remuneration of at least...
On May 17th, 2023, the European Commission made important updates to the list of high-risk third-country jurisdictions with strategic deficiencies in their anti-money laundering/countering the financing of terrorism (AML/CFT) regimes. The updated list from the European...
The Cyprus Securities and Exchange Commission (CySEC) issued Circular C550, informing the regulated entities of the outcome of its onsite inspections conducted during 2021 and 2022. Findings from these inspections evidenced some examples of good practices, although CySEC also...
The European Union (EU) has voted in favor of the MiCA crypto legislation, making it the first major jurisdiction to introduce a comprehensive crypto law. The legislation aims to protect consumers, safeguard financial stability and market integrity, and provide regulatory...
Cyprus Securities & Exchange Commission (the ‘CySEC’) has issued Circular C563 regarding the Risk Based Supervision Framework (the ‘RBS-F’) – Electronic submission of information for the year 2022 (Form RBSF-CIF) related to the Cyprus Investment Firms. In this respect,...