The new AML Directive by the Central Bank and shell companies-February 2019
The Central Bank of Cyprus (‘CBC’) has issued last February 2019 the 5th edition of the Directive on the Prevention of Money Laundering and Terrorist Financing (‘the CBC AML/CFT Directive’) which...
Cyprus has made ‘enormous progress’ on money-laundering clampdown.
US Department of Treasury Assistant Secretary for Terrorist Financing Marshall Billingslea on Friday praised Cyprus’ “enormous progress” on issues relating to anti-money laundering (AML). Billingslea who is visiting Cyprus, met...
Advantages of Cyprus as Alternative Investment Fund (AIF) base.
An investment fund is, in essence, a vehicle for collective investment by two or more investors whose money is invested on a pooled basis on their behalf by an investment...
Alternative Investment Funds in Cyprus.
The Alternative Investment Funds Law. The passing of the Alternative Investment Funds Law in July 2018 has been welcomed as a significant development that modernized the Cyprus’s regulatory framework as regards alternative...
Registered Alternative Investment Funds (RAIFs) in Cyprus.
The Alternative Investment Funds Law 2018 (AIF Law, Law 124(I)2018), that came into force on 31/07/2018 introduced a new fund management vehicle known as the Registered Alternative Investment Fund (RAIF)....
Interim Orders and Injunctions in the Cyprus legal system.
Introduction. An interim order and injunction is simply a temporary Court Order that orders a party to do something or orders a party to refrain from doing something until an...
