CySEC Directive translated to English

CySEC Directive translated to English

CySEC Directive On the 10th of May 2019 the new and updated CySEC Directive on the Prevention and Suppression of Money Laundering has only been available in the Greek Language. As of today thought CySEC has published its unofficial English Translation of the CySEC...
Cyprus Company breached OFAC Sanctions

Cyprus Company breached OFAC Sanctions

On the 24th of September 2019 the U.S Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) designated four companies in accordance with Executive Order 13850 of November 1, 2018. The four companies operate in the oil sector of the...
Transfer of shares when is it effective?

Transfer of shares when is it effective?

In the case of Morsa Trading the district court held that a person becomes a registered member of a Cyprus company when that person’s name is registered in the register of members. Accordingly, the transfer of shares in a Cypriot Company requires, amongst other...