The Cyprus Securities and Exchange Commission (CySEC) has published a circular to CIFs and providers of fiduciary services licensed and supervised by CySEC.
The CySEC has published a circular to Cyprus Investment Firms (CIF) and providers of fiduciary services licensed and supervised by CySEC providing their reporting obligations under anti-money laundering legislation.
These entities are required to submit Form 144-08-11 “Monthly Prevention Statement for the Prevention of Money Laundering and Terrorist Financing” to CySEC no later than 15 days after the end of each month.
Form 144-08-11 is available for download on the CySEC website. It includes information on amounts over €10,000 received from clients in cash and on reports submitted regarding money-laundering and terrorist financing. A “nil return” must be submitted even where no client funds are held, no cash receipts above €10,000 occur and no reports on money-laundering or terrorist financing are submitted.