The CBC has also strengthened the requirements regarding the handling of business relationship with third parties that undertake the KYC and Due Diligence procedures for the bank’s customers.
They stated that the current amendment is a part of the continuous effort to strengthen their regulatory framework in order to prevent money laundering and terrorist financing.
The amendment of the Directive is available through the official website of the Central Bank of Cyprus.
Source: Central Bank of Cyprus
Shanda Consult Welcomes viiCON as Strategic Partner - The collaboration opens up new opportunities for…
Shanda Consult Welcomes viiCON as Strategic Partner - The collaboration opens up new opportunities for…
UAE Free Zone Company With One Visa: Setup, visa, fixed costs 1. year: USD 6,995.…
The Social Insurance Contribution rates for both employers and employees are increasing by 0.5% as…
Platforms like Airbnb and Booking have revolutionised the way we think about travel and lodging…
Croatia and Cyprus signed the "Treaty," which abolishes double taxation. The Treaty between Cyprus and…