Articles

Cyprus Relocation-Tech companies headquartering hub

Cyprus: A Headquartering Hub for Tech Companies

By Ntaniella | June 10, 2022

Over the past two decades, Cyprus has developed as a headquartering hub, with global organizations choosing the country as the home for their major operations. Companies from the USA, Russia, Ukraine, and Israel have already relocated their headquarters in Cyprus, taking advantage of the island’s cutting-edge regulatory regime, tax benefits, and highly skilled workforce. Cyprus…

The growing fund industry in Cyprus

The growing fund industry in Cyprus

By Ntaniella | May 26, 2022

In just a few years, Cyprus has become one of the top emerging investment fund centers in Europe. At the end of the third quarter of 2021, the amount of Assets under Management of Cypriot investment funds reached €11.6 billion, and the island’s growth rate has far outshined that of other European countries. Xenia Neophytou,…

Funds in Cyprus – The benefit

Funds in Cyprus – The benefits

By CX Financia | March 30, 2022

The Financial Services Growth Sector in Cyprus has attracted significant amounts of Foreign Direct Investment (FDI). This also includes funds from the European Bank for Reconstruction and Development (EBRD). The European Investment Bank has been a supporter of Cyprus for 35 years, with investments of 2.7 billion euros. Also, Cypriot banks are all fully recapitalized…

Cryptocurrencies and AML. How to stay compliant

Cryptocurrencies and AML. How to stay compliant

By CX Financia | March 10, 2022

Since their inception, cryptocurrencies have exploded as an alternative way to trade currency. However, many stakeholders still do not understand cryptocurrency or its impact on anti-money laundering (AML). That needs to change as cryptocurrency adoption continues to grow. The majority of cryptocurrency transactions are for legitimate purposes. However, cryptocurrency’s place outside the traditional financial system…

Russian Sanctions and the obligations of CySEC Regulated Entities

Russian Sanctions and the obligations of CySEC Regulated Entities

By CX Financia | February 28, 2022

Sanctions regimes against Russia are changing fast. The three main sanctions regimes targeting Russia so far are the United States, European Union & the United Kingdom. On 25 February 2022, the EU decided to freeze the assets of Russia’s President Vladimir Putin and and its foreign affairs minister Sergey Lavrov. In addition, the EU imposed…

2021 MLCO Report – Previous findings and Guidance

2021 MLCO Report – Previous findings and Guidance

By CX Financia | February 23, 2022

As we enter into the reporting period, CX Financia’s  Compliance team has produced a helpful overview of the previous year’s reporting. This will help you prepare  for the upcoming reporting obligations. As part of its supervision role, CySEC conducts an annual assessment of all the Annual Reports of the MLCO (the ‘Reports’). This assessment relates…

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