Published on: 14 October 2026 | By: Xenia Neofytou, B.Sc. (Hons), FCCA
Founder & Managing Director, CX Financia | CySEC Advanced Certificate Holder
Introduction
On 13 October 2026, the Cyprus Securities and Exchange Commission (CySEC) issued CySEC Circular C807 to inform regulated entities about the Anti-Money Laundering Authority’s (AMLA) initiative to draft Guidelines on simplified customer due diligence (CDD). AMLA is organising sectoral roundtables to gather input from obliged entities, trade associations, and representative bodies. This is a participation opportunity, not a new regulatory obligation, but your involvement could shape future AML/CFT expectations. Expressions of interest must be submitted by 18 October 2026.
CySEC Circular C807 – At a Glance
- Issued date: 13 October 2026
- Applies to: Regulated entities under CySEC supervision, including CIFs, ASPs, UCITS Management Companies, AIFMs, Crypto Asset Service Providers, and Crowdfunding Service Providers
- Deadline: 18 October 2026 at 23h59 CEST
- Key requirement: Submit an expression of interest to participate in AMLA’s sectoral roundtables on simplified customer due diligence
- Submission method: EU Survey
What Does This Circular Require?
What firms must do. You are invited to submit an expression of interest via the EU Survey by 18 October 2026 if you wish to participate in AMLA’s sectoral roundtables on simplified customer due diligence. Participation is voluntary but encouraged to contribute to the drafting of future Guidelines.
Regulatory objective. To gather sectoral experience and practices on the application of simplified customer due diligence in low-risk situations, informing AMLA’s future Guidelines.
While participating in regulatory roundtables allows firms to contribute to upcoming European standards, maintaining day-to-day compliance requires structured internal knowledge and continuous training. To keep your team updated on evolving supervisory expectations, explore our expert-led modules under Anti-Money Laundering Seminars.
Who Is in Scope?
The circular applies to all regulated entities supervised by CySEC, as listed below. Participation in the roundtables is open to representatives of these entities, trade associations, and other relevant bodies.
- CIFs
- ASPs
- UCITS Management Companies
- Internally managed UCITS
- AIFMs
- Internally managed AIFs
- Internally managed AIFLNPs
- Companies with sole purpose the management of AIFLNPs
- Crypto Asset Service Providers
- Small AIFMs under Law 81(I)/2020
- Crowdfunding Service Providers
The roundtables target both financial and non-financial sectors, focusing on entities subject to AML/CFT obligations under CySEC’s remit.
Edge cases and exceptions:
- Trade associations: Eligible to participate alongside regulated entities.
- Representative bodies: Invited to contribute sectoral insights and practices.
Key Requirements Breakdown
Data or Form Requirements
Expressions of interest must be submitted via the EU Survey platform. No additional forms or data submissions are specified in the circular.
Practical Implementation: What Firms Should Do
In practice, you should assess whether your firm or association can contribute relevant experience on simplified CDD in low-risk scenarios. The roundtables aim to shape practical, sector-specific guidance, so participation is particularly valuable if you have implemented or considered simplified measures under current AML/CFT frameworks.
CySEC encourages all eligible entities to express interest, even if you are uncertain about attending. The submission deadline is strict, and late expressions will not be considered.
While defining lower-risk client profiles is central to simplified CDD, investment firms must ensure that all onboarding workflows align with broader CySEC operational standards. While roundtable participation provides direct input into European policy, managing firm-specific governance and client onboarding frameworks starts with our dedicated solutions for Investment Firm Licensing (CySEC CIF).
Furthermore, fund management companies and asset managers often operate under distinct investor due diligence constraints when assessing low-risk institutional capital. While future AMLA guidelines aim to clarify simplified measures, establishing robust compliance structures for funds rests on proper authorization and legal positioning under Fund & AIFM Licensing (AIF / RAIF / AIFM).
Key Dates and Deadlines
How to Participate in AMLA’s Sectoral Roundtables
- Review the circular and AMLA’s press release to understand the scope and objectives of the roundtables.
- Assess your firm’s or association’s experience with simplified customer due diligence in low-risk situations.
- Complete the EU Survey to submit your expression of interest by 18 October 2026 at 23h59 CEST.
- Await confirmation from AMLA regarding your participation in the roundtables, scheduled between 9 November and 2 December 2026.
- Prepare sector-specific insights, case studies, or practices to contribute during the roundtables.
Compliance Officer Checklist
- Identify a representative or team to participate in the roundtables.
- Gather internal documentation or examples of simplified CDD measures applied in low-risk scenarios.
- Submit the expression of interest via the EU Survey before the deadline.
- Monitor communications from AMLA for further instructions or confirmation.
- Plan for potential travel to Frankfurt am Main between 9 November and 2 December 2026.
Evidence to Retain
- Submission confirmation from the EU Survey (proof of timely expression of interest).
- Internal records of simplified CDD measures or risk assessments shared during preparation.
- Correspondence from AMLA confirming participation in the roundtables.
Why This Matters
Participation in AMLA’s sectoral roundtables offers a unique opportunity to influence the development of simplified customer due diligence Guidelines. These Guidelines will shape future AML/CFT expectations for regulated entities, potentially reducing compliance burdens in low-risk scenarios. While non-participation does not carry direct penalties, failing to engage may result in Guidelines that do not reflect your sector’s practical challenges or risk profiles.
While engaging in policy discussions helps align industry practices with EU expectations, regulated entities must continuously maintain compliant risk assessment procedures. While new guidance will streamline low-risk onboarding, ensuring your current AML framework withstands supervisory scrutiny is supported through our specialized Financial Regulation Courses.
Frequently Asked Questions
Is participation in the roundtables mandatory?
No, participation is voluntary. However, CySEC encourages regulated entities and associations to submit expressions of interest to contribute to the drafting of AMLA’s Guidelines on simplified customer due diligence.
What is the deadline for submitting an expression of interest?
The deadline is 18 October 2026 at 23h59 CEST. Late submissions will not be considered for participation in the roundtables.
Where will the roundtables take place?
The roundtables will be held in person in Frankfurt am Main, Germany, between 9 November and 2 December 2026. Official announcement details can be tracked through AMLA.
Who can participate in the roundtables?
Regulated entities under CySEC supervision, trade associations, and representative bodies from financial and non-financial sectors are invited to participate.
What topics will the roundtables cover?
The roundtables will focus on the application of simplified customer due diligence in situations presenting a lower degree of money laundering and terrorist financing risk.
How do I submit my expression of interest?
Expressions of interest must be submitted online via the official EU Survey Portal. No other submission methods are specified in the circular.
How CX Financia Can Support You
At CX Financia, we help firms navigate evolving AML/CFT regulatory landscapes. Led by Xenia Neofytou, Executive Director – Regulatory Licensing & Compliance Governance, our team ensures you stay ahead of developments like AMLA’s Guidelines on simplified customer due diligence.
Whether you need assistance assessing your eligibility, preparing for roundtable participation, or implementing future Guidelines, our team provides comprehensive regulatory backing. To ensure your customer due diligence protocols and internal controls remain compliant as EU rules evolve, explore our tailored solutions under Regulatory Compliance & AML Advisory. Contact us today to discuss how we can assist your firm in contributing to and complying with emerging AML/CFT expectations.
Read the CySEC Circular C807
Read more at Regulatory Updates
Disclaimer
This article provides general information based on CySEC Circular C807 and is not intended as regulatory or legal advice. For specific guidance on your obligations or participation in AMLA’s sectoral roundtables, consult a qualified professional or contact the relevant authorities directly.