.. Loading ..

The new AML Directive by the Central Bank and shell companies-February 2019

May 2, 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...

The meaning of “personal data” under the GDPR.

Apr 26, 2019
Introduction. The GDPR applies to the processing of personal data that is wholly or partly by automated means or the processing other than by automated means of personal data which...

What is the “controller”and what is the “processor” under the GDPR.

Apr 24, 2019
Introduction The GDPR imposes to the Controllers new data protection obligations. Further, in a change from previous legislation, processors have new statutory obligations in their own right under the new...

Cyprus has made ‘enormous progress’ on money-laundering clampdown.

Apr 24, 2019
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...

What is the GDPR?

Apr 22, 2019
The General Data Protection Regulation (GDPR), is a new set of data privacy laws that require businesses to prioritize the protection and privacy of personal data belonging to European Union...

EU adopts tax haven blacklist. It includes the United Arab Emirates.

Apr 1, 2019
Bermuda, the US Virgin Islands and the United Arab Emirates are in the new updated list. EU finance ministers adopted on the 12th of March 2019 a new a revised...

Advantages of Cyprus as Alternative Investment Fund (AIF) base.

Jan 25, 2019
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.

Jan 25, 2019
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.

Jan 25, 2019
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.

Jan 2, 2019
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...