Regulatory Alerts2025-08-01
Central Bank of Cyprus Directive for the Prevention of Money Laundering and Terrorist Financing 2025
The Central Bank of Cyprus issues this directive to establish comprehensive requirements for obliged entities to prevent money laundering and terrorist financing. It mandates robust internal governance, risk-based customer due diligence, and specific controls for high-risk transactions and crypto-assets. The framework also defines the roles of management bodies and compliance officers while aligning with European Banking Authority guidelines and EU regulations.
Share