Regulatory Alerts2024-01-09 | C614CySEC Circular C614: EBA Consultation on Guidelines for Implementing Restrictive Measures
The Cyprus Securities and Exchange Commission issued Circular C614 to inform regulated entities of the European Banking Authority's public consultation on draft guidelines for implementing Union and national restrictive measures. These guidelines establish regulatory expectations for senior management governance in financial institutions and specify compliance requirements for payment service providers and crypto asset service providers regarding sanctions screening and due diligence. CySEC encourages stakeholders to submit comments by 24 March 2024 and register for a virtual public hearing scheduled for 8 February 2024.
Share