Regulatory Alerts2024-06-20 | C647CySEC Circular C647: New Website Section on Terrorism and Proliferation Financing
The Cyprus Securities and Exchange Commission issued Circular C647 to inform regulated entities of a new website section dedicated to Terrorism Financing and Proliferation Financing. The circular mandates that entities maintain adequate policies and controls to mitigate ML/TF risks under Law 188(I)/2007 and implement effective processes to identify and manage Proliferation Financing risks. Regulated entities are urged to continuously monitor the new website section and its RSS notifications to ensure full compliance with their legal obligations regarding TF and PF prevention.
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