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  4. CySEC extends AML obligations

CySEC extends AML obligations

02 Mar 2021
|

On 12 February 2021, the Cyprus Securities and Exchange Commission (CySEC) issued Circular 427 informing all interested parties that due to COVID-19 developments, the deadlines for the submission to CySEC of the (1) Internal Auditor’s Annual Report, (2) AMLCO’s Annual Report, and the (3) Form of the Monthly Prevention Statement provided in the AML/CFT Directive are extended.

See details below:

  • The Internal Auditor’s Annual Report and the relevant Board of Directors minutes (paragraph 6 of AML/CFT Directive) should be submitted to CySEC by the end of June 2021
  • The AMLCO’s Annual Report and the relevant Board of Directors minutes (paragraph 10(3) of AML/CFT Directive) should be submitted to CySEC by the end of May 2021
  • The Form of the Monthly Prevention Statement (paragraph 11 of AML/CFT Directive) of January, February and March 2021 should be submitted within 15 days from the end of April 2021

CySEC’s Circular can be found here.

Authors
Andrea Moundi Savvides Harneys front portrait image on a grey background
Andrea Moundi Savvides
Global Director of Risk and Compliance | Governance Risk & Compliance | Cyprus