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,…

CySEC

CySEC C432 – Opinion of the European Banking Authority on the risks of money laundering and terrorist financing

Circular 432 of CySEC informs the Regulated Entities (CIFs, ASPs, UCITS Management Companies, Internally Managed UCITS, AIFMs, Internally Managed AIFs, Internally Managed AIFLNPs and Companies with the sole purpose the management of AIFLNPs) of the following: The European Banking Authority (EBA) published its Opinion on the risks of money laundering and terrorist financing (ML/TF) affecting…