by HSharpe | Nov 12, 2019 | Cyprus AML
EU Sanctions Turkey – Extract from the press release On the 11th of November 2019, the Foreign Affairs Council of the European Union UNANIMOUSLY agreed to put in place a framework for restrictive measures in response to Turkey’s unauthorized drilling...
by HSharpe | Oct 25, 2019 | Cyprus AML, The Cyprus Lawyer
On the 16th of October 2019 Reuters released a Special Report: Khmer Richer – How relatives and allies of Cambodia’s leader amassed wealth overseas. The special report outlines how Cambodia’s long-ruling prime minister, Hun Sen, and family members...
by HSharpe | Oct 21, 2019 | Cyprus AML
On the 5th of December 2017, the Council adopted the EU list of non-cooperative jurisdictions for tax purposes (EU Black list). It had committed to do so in its conclusions from 25 May 2016. The European Council updated its list as of the 17th of October 2019 and...
by HSharpe | Sep 30, 2019 | Cyprus AML
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...
by HSharpe | Sep 26, 2019 | Cyprus AML
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...
by HSharpe | Sep 24, 2019 | Cyprus AML
EC Action Plan on AML On December 4, 2018, the Council of the European Union affirmed the EC Action Plan on AML. The non-legislative short-term measures concern, inter allies, the following: the identification of the circumstances that contributed to the current money...
