Regulatory

Blog

Regulatory

The Regulatory Blog is an informal and up to date news and information service of key regulatory developments in our jurisdictions: the BVI, the Cayman Islands, Cyprus and Luxembourg. We intend to include the latest financial services, anti-money laundering, sanctions and related developments within our remit.

Contributors

Aki Corsoni-Husain
Aki Corsoni-Husain
  • Aki Corsoni-Husain

  • Partner
  • Cyprus
George Apostolou
George Apostolou
  • George Apostolou

  • Partner
  • Cyprus
Jermaine Case
Jermaine Case
  • Jermaine Case

  • Associate
  • British Virgin Islands
Chiara Deceglie
Chiara Deceglie
  • Chiara Deceglie

  • Partner
  • Luxembourg
Massimiliano della Zonca
Massimiliano della Zonca
  • Massimiliano della Zonca

  • Senior Associate
  • Luxembourg
Philip Graham
Philip Graham
  • Philip Graham

  • Partner
  • British Virgin Islands
Ayana Hull
Ayana Hull
  • Ayana Hull

  • Counsel
  • British Virgin Islands
Katerina Katsiami
Katerina Katsiami
  • Katerina Katsiami

  • Associate
  • Cyprus
Andrew Knight
Andrew Knight
  • Andrew Knight

  • Partner
  • Luxembourg
Evi Koutsioumpa
Evi Koutsioumpa
  • Evi Koutsioumpa

  • Associate
  • Luxembourg
Joshua Mangeot
Joshua Mangeot
  • Joshua Mangeot

  • Senior Associate
  • British Virgin Islands
Mirza Manraj
Mirza Manraj
  • Mirza Manraj

  • Counsel
  • Hong Kong
Elina Mantrali
Mirza Manraj
  • Elina Mantrali

  • Associate
  • Cyprus
Vanessa Molloy
Vanessa Molloy
  • Vanessa Molloy

  • Partner
  • Luxembourg
Andrea Moundi Savvides
Andrea Moundi Savvides
  • Andrea Moundi Savvides

  • Associate
  • Cyprus
Marina Stavrou
Marina Stavrou
  • Marina Stavrou

  • Associate
  • Cyprus
Matt Taber
Matt Taber
  • Matt Taber

  • Partner
  • Cayman Islands
Carolynn Vivian
Carolynn Vivian
  • Carolynn Vivian

  • Senior Associate
  • Cayman Islands

CSSF’s survey related to the fight against AML and Terrorist Financing

On 29 November 2019 the Commission de Surveillance du Secteur Financier (CSSF) announced that, similarly to last year’s exercise, an annual online survey collecting standardised key information concerning ML/FT risks which the professionals under supervision are exposed to and the implementation of relevant risk mitigation and targeted financial sanctions measures as per 31 December 2019 will be launched in early February 2020.

Vanessa Molloy, Sharika Nair

EBA opines on link between money laundering and prudential oversight

On 24 July 2019, the European Banking Authority (EBA) published an opinion on the link between money laundering and terrorist financing concerns and prudential objectives. This opinion forms part of the EBA's ongoing work to strengthen the fight against money laundering and terrorist financing in Europe and responds to a request in the Council's Anti Money Laundering Action Plan of 2018.

Aki Corsoni-Husain, Chiara Deceglie,
Marina Stavrou

CIMA issues notice on AML/CFT reporting

On 6 June 2019, the Cayman Islands Monetary Authority (CIMA) issued a notice on Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) reporting. In line with international standards for combating money laundering, terrorist financing, proliferation financing and other related threats to the integrity of the international financial system, CIMA continues to improve the processes to promote the effective implementation of AML/CFT related measures by persons registered under the SIBL (SIBL registrants).

Mirza Manraj, Carolynn Vivian