The Blockchain Awakening

The Blockchain Awakening

Last week the “The Blockchain Awakening” event took place in Limassol at Atlantica Miramare Beach Hotel. The conference aimed to educate participants about cryptocurrencies and the applications of blockchain technology. Esteem speakers Giorgos Agathangelou, Kambiz Djafari and Bogdan Maslesa provided excellent presentation providing partakers with an inside on the recent developments on virtual currencies and current…

London Summit 2017

London Summit 2017 – Finance Magnates

CX Financia would like to congratulate Finance Magnates for their great organization of London Summit 2017. We were there and more than impressed with the excellent venue choice and exciting discussion panels as well as workshops. Cryptocurrencies and MiFiD II were the topics that picked our interest, but our enthusiasm remained as we learned about…

3rd International Funds Summit

3rd International Funds Summit – Review

The 3rd International Funds Summit, organized by the Cyprus Investment Funds Association (“CIFA”), was held in Limassol between 29-31 October 2017. The Summit’s core topics included the development of the regulatory environment in Europe, Asia and Africa, in relation to Funds and their operation across these continents. The technological developments around financial services. The current…

Post Brexit Jurisdiction Option

Post Brexit Jurisdiction Option

Since the UK has confirmed its plans to leave the single market, many UK regulated financial services firms risk losing access to EU markets and clients. As such, these firms are avidly looking for alternative jurisdictions for business. A combination of several favourable factors has led to Cyprus to become a popular jurisdiction among investors…

Cyprus and Abu Dhabi Sign MoU on Bilateral Cooperation

Cyprus and Abu Dhabi Sign MoU on Bilateral Cooperation

In an effort to strengthen the controls and checks for violations in their markets CySEC (Cyprus Regulator) and ADGM (Abu Dhabi Regulator) have signed MoU on Bilateral Cooperation. The Memorandum of Understanding (MoU) aims to enhance cooperation between the two regulators outlining the exchange of relevant regulatory information and supervision or oversight of relevant financial…

The Risk Factors Guidelines for AML processing – C219

As in accordance with Circular 219 – ESAs Guidelines on anti-money laundering and countering the financing of terrorism – ‘The Risk Factors Guidelines’Use of Affiliates, when CIFs process clients for anti-money laundering, and counter terrorist financing, they must classify then using a risk-based approach in their assessment and categorize them accordingly. From 26 June the new…

Cyprus as a Regional Energy Hub

Cyprus as a Regional Energy Hub

The “levantine Basin”,the largest natural gas reservoir discovered in the recent years off the shores of Israel, Egypt and Cyprus will consist the primary resource of natural gas for Europe as it contains billions of cubic meters. The story starts with a consortium of Noble Energy (US) and Delek-Avner (IL) discovering “Tamar”, the first major deposit…