What are the basic requirements for establishing a Cyprus Investment Firm (CIF)?

A Cyprus Investment Firm (CIF) is considered any legal entity offering professional investment services established in the Republic of Cyprus and licensed by the Cyprus Securities and Exchange Commission (CySEC). Over the past two decades, Cyprus has developed as a hub for investment firms with an ever-growing number of licensed entities under CySEC’s supervision. To…

The growing fund industry in Cyprus

The growing fund industry in Cyprus

In just a few years, Cyprus has become one of the top emerging investment fund centers in Europe. At the end of the third quarter of 2021, the amount of Assets under Management of Cypriot investment funds reached €11.6 billion, and the island’s growth rate has far outshined that of other European countries. Xenia Neophytou,…

Cryptocurrencies and AML. How to stay compliant

Cryptocurrencies and AML. How to stay compliant

Since their inception, cryptocurrencies have exploded as an alternative way to trade currency. However, many stakeholders still do not understand cryptocurrency or its impact on anti-money laundering (AML). That needs to change as cryptocurrency adoption continues to grow. The majority of cryptocurrency transactions are for legitimate purposes. However, cryptocurrency’s place outside the traditional financial system…

Cyprus Investment Firms (CIFs) – All you need to know

Cyprus Investment Firms (CIFs) – All you need to know

The financial sector in Cyprus is continuously growing. Our company has been successfully obtaining licences for our clients for the authorisation of Investment Firms (CIFs), Investment Funds (AIFS and AIF Managers) and Electronic Money Institutions (EMIs). We undertake, advise and support with the application process. We fully support them in setting up their business, maintaining it operational and addressing their post-licensing…

Compliance risks: What you don’t timely manage can hurt you

Compliance risks: What you don’t timely manage can hurt you

As global regulations and stakeholder expectations increase significantly, organizations are exposed to a greater degree of compliance risk than ever before. Compliance risk is a threat to a company’s financial, organizational, or reputational standing resulting from violations of laws, regulations, codes of conduct, or standards of practice. Cyprus Investment Firms (‘CIFs’), Alternative Investment Funds (‘AIFs’)…

AML and Crypto Assets

AML and Crypto Assets

In a little over a decade, Bitcoin and other crypto assets have progressed from an idea to an economic phenomenon. We have seen cryptocurrencies explode as a viable way to trade currency. Due to its very nature and initial lack of regulation, it resulted in a large stream of illicit activity – namely money laundering.…