MAY ICAS Newsletter Issue 17/2019


CySEC would like to provide more details on the prevention and detection of Money Laundering and Terrorist Financing ("ML/TF"), vulnerabilities were identified in the Securities and Administrative Service Providers ("ASPs") sectors, concerning the effectiveness of the regulated entities' compliance function, the anti-money laundering and countering the financing of terrorist ("AML/CTF") knowledge of staff and the effectiveness of suspicious activity monitoring and reporting.To that effect, an Action Plan was formed on the basis of the NRA results to remedy the vulnerabilities identified and recorded in the NRA Report. 

13 May 2019

Publications


MAY ICAS Newsletter Issue 16/2019
The European Banking Authority ("EBA") launched a consultation on four draft Regulatory Technical Standards ("RTS") on the Standardised Approach for...
06 May 2019
APRIL ICAS Newsletter Issue 15/2019
The European Banking Authority ("EBA") published an Opinion on the nature of passport notifications of payment institutions ("PIs") and electronic...
06 May 2019
APRIL TAX Newsletter Issue 05/2019
We would like to bring to your attention that the Cyprus Tax Department (CTD) has issued an announcement providing clarifications...
24 April 2019
APRIL ICAS Newsletter Issue 14/2019
The Financial Conduct Authority ("FCA") has published its Business Plan for 2019/20, which outlines the key priorities for the coming...
22 April 2019
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