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Tag: Beneficial owners

Directive for the Beneficial Ownership Register of Express Trusts and Similar Legal Arrangements

Aug 31, 2021
Legal Update: 23/06/2021   The Cyprus Securities and Exchange Commission (“CySec”), being the competent independent authority for maintaining and operating the Trusts UBO Registry as required by the transposition of...

The Trusts UBO Registry.

Jun 30, 2021
The Cyprus Securities and Exchange Commission (“CySec”), issued the Directive that regulates the operation of the  Trusts UBO Registry. The Directive was published on 18/06/2021. A concise summary of the...

The end of anonymity. Cyprus transposes into Law the Fifth Anti-money laundering Directive. (Directive 2018/843)

Mar 16, 2021
Introduction The Fifth Anti-Money Laundering Directive (5AMLD) came into effect on the 10th January 2020 and serves to address new issues that have been exposed since the Fourth Anti-Money Laundering...