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Biography

Elina Mantrali
Elina Mantrali Harneys front portrait image

Elina Mantrali

Counsel | Funds & Regulatory | Cyprus
+357 25 820020 elina.mantrali@harneys.com
Biography

Elina Mantrali is a member of our Tax & Regulatory practice group within the Cyprus office specialising in financial services and data protection regulation. Elina regularly advises clients on regimes governing banks, investment firms, payment services providers / electronic money institutions, investment funds, digital assets, insurance firms, securitisation structures, and fiduciaries. Her financial services practice also includes advising on EU/Cyprus economic sanctions regimes, anti-money laundering and the automatic exchange of tax information. Elina also has in-depth operational experience in matters relating to European data prot ...

Elina Mantrali is a member of our Tax & Regulatory practice group within the Cyprus office specialising in financial services and data protection regulation.

Elina regularly advises clients on regimes governing banks, investment firms, payment services providers / electronic money institutions, investment funds, digital assets, insurance firms, securitisation structures, and fiduciaries. Her financial services practice also includes advising on EU/Cyprus economic sanctions regimes, anti-money laundering and the automatic exchange of tax information.

Elina also has in-depth operational experience in matters relating to European data protection regulation, with a particular interest in international data transfers, vendor management solutions and data protection compliance for emerging technologies. She has a particular interest in the management of customer-facing online products.

Elina is an integral member of our Regulatory team assisting UK/US top tier and magic circle law firms and global investment houses across the full range of regimes impacting financial services and digital business models. She is also a regular contributor to our Regulatory Blog.

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Advising one of the world’s premier investment managers on the bidding process for the potential purchase of a €5.7 billion portfolio of medium and large-size NPL exposures of one of the largest banks in Cyprus.

Acting for and providing advice on Cypriot law matters to The Brink’s Company in connection to its acquisition of the majority of G4S plc’s cash operations for US$860 million.

Advising on the Cyprus law regulatory and tax aspects of the placing and sale of global depository receipts representing interests in class A shares in TCS Group Holding PLC (the parent company of Tinkoff Bank) by Altoville Holdings Limited, the joint-controlling shareholder of Russian consumer lender TCS Group, to raise US$150 million.

Cyprus
2014

Kings College London (LLB)
2013

Authored by Elina

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New amendments to Cyprus Money Laundering Prevention Directive 2024
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The EU AI Act: A new era of artificial intelligence regulation
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EU Commission's preliminary findings: X in breach of Digital Services Act
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EDPB issues opinion on main establishment rules for data controllers
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EBA issues Travel Rule Guidelines for crypto asset and fund transfers
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New Advocate General opinion in case C-768/21: Data subjects' rights and supervisory obligations in data breach cases
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European Commission opens proceedings against TikTok under the DSA for TikTok Lite launch
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EIF and NATO Innovation Fund partner to boost private investment in Europe's defence and security sectors
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Embracing AI in financial services: A targeted consultation by the EU
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CySEC mandatory survey for regulated entities active in crypto-assets
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CySEC seeks market input on MiCA fees and reporting requirements
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New EBA regulations strengthen governance, conflict management and remuneration policies for crypto assets
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EU's 14th sanctions package against Russia: Key measures
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New Compliance Association established in Cyprus
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Update to EU Sanctions on Russia-Ukraine-Belarus (up to 24 June 2024)
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EU Council approves establishment of centralised Anti-Money Laundering Authority and related rulebook
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ESMA publishes final report on crypto-asset service providers’ conflict of interest rules
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European Commission launches investigations into Alphabet, Apple, and Meta under Digital Markets Act
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European Council approves unprecedented legal measures to redirect extraordinary revenues from immobilised Russian assets to support Ukraine
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ESMA seeks feedback on UCITS Eligible Assets Directive review
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CySEC's electronic submission requirement for Risk Based Supervision Framework
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Council of the EU adopts landmark AI Act: Setting global standards for AI regulation
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The EU Directive criminalising the violation and circumvention of EU sanctions is published in the Official Journal of the EU
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Cyprus regulators publicise Article 5r reporting guidance issued under EU Council Regulation 833/2014
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Streamlining licensing for Cyprus Investment Firms – MiFID II and MiCA
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Digital Services Act: Safeguarding online interactions in the EU
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Cyprus bail-in related support scheme: Deadline approaching
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New guidance on Article 5r reporting requirements for outgoing transfers related to Russian-owned entities; Template reporting forms released
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European Council gives final approval on a new directive to criminalise the violation and circumvention of EU sanctions
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CySEC clarifies its position on the “authorisation date” for licensed entities
Article
MiFID II investment firm licences and MiCA: Two for one
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AIFMD II published in the Official Journal of the European Union
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ESMA releases third consultation package on MiCA
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Cyprus: Compliance deadline for the Beneficial Ownership Register is approaching
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CJEU ruling on the IAB Europe case reshapes digital advertising landscape
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Breaking news – European Parliament approves AI Act: What you need to know
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Insights from EDPB's One-Stop-Shop case digest on Security of Processing and Data Breach Notification
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Cyprus-UK collaboration in relation to the Sanctions Implementation Unit in Cyprus and the improvement of the Cyprus Legal Framework on sanctions
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Cyprus abolishes annual company levy to support business community
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EU list of non-cooperative jurisdictions for tax purposes has been updated
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European Commission updates its FAQs on sanctions against Russia and Belarus
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EDPB launches website auditing tool
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EU adopts its 13th package of sanctions against Russia
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EU Council regulates handling of immobilised Russian assets
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CJEU ruling clarifies on liability, damages and TOMs for data breaches
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Unlocking Europe’s Digital Future: Council of the EU adopts new Data Act
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Combatting evasion: Strategies and reporting protocols for the oil price cap
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EU Council and Parliament forge comprehensive anti-money laundering deal to strengthen financial defences
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ESMA consults on essential MiCA draft guidelines: Reverse solicitation and financial instruments
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EU AI Act approved by Member States
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EU implements sanctions framework against financiers of Hamas and Palestinian Islamic Jihad
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EU implements Pillar 2 Directive
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EU enhances sanctions reporting obligation on payment transfers by EU entities with ties to Russia
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CySEC Circular: EBA public consultation on Travel Rule Guidelines for AML/CFT in crypto-asset transfers
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EU Commission welcomes agreement on EU Anti-Money Laundering Authority
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OECD issues additional guidance on Pillar Two implementation
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CySEC enhances concept of “good repute” under its CASP regime
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Cyprus extends the deadline for the submission of the UBO details in the new registry of the Registrar of Companies
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EU guidance on firewalls to safeguard entities amidst Russia asset freezing measures
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EU strengthens sanctions against Russia through its 12th package of measures
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EU reaches historic agreement on world’s first AI Act
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Cyprus finalises implementation of its UBO register for companies
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European Banking Authority releases MiCA-related consultation papers
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MiCA Regulation: ESMA’s consultation packages and implementation milestones
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IAB Europe provides key recommendations on improving GDPR enforcement in cross-border cases
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European data protection authorities issue joint opinion on digital euro regulation
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UK Extension to the EU-US Data Privacy Framework for UK-US personal data transfers
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EDPB imposes EU ban on Meta's targeted advertising
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Meta introduces ad-free subscription plans for Instagram and Facebook in Europe to address regulatory challenges
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CySEC issues circular relating to EBA guidelines on outsourcing
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EU prepares for the Digital Operational Resilience Act strengthening financial cybersecurity
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Cyprus releases draft law implementing EU Pillar Two Directive
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EU updates its tax blacklist
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Luxembourg's implementation of Pillar Two – global minimum tax
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European data protection authorities collaborate to enhance GDPR enforcement
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Economic sanctions: 10 practical considerations
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Protecting personal data in financial and payment services: EDPS recommendations on the European Commission’s proposals
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Cyprus updates its 2023 lists of CRS reportable and participating jurisdictions
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Sanctions Circumvention Guidance for European Operators
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EU’s BEFIT initiative: Simplifying tax compliance in the EU
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Top ten tips for navigating financial services licensing
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Cyprus authorities remind entities to submit beneficial owners' data to the register
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CySEC's Circular on forced transfers of Russian securities
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EU reaches provisional deal to strengthen banks dealing with crypto assets
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EU reaches provisional agreement on AIFMD II and UCITS “plain-vanilla EU investment funds”
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European Court of Justice rules against Meta on dominant position abuse and GDPR breaches
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EU-UK Memorandum of Understanding on financial services regulatory cooperation: Opening a new chapter
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EBA issues 4th Opinion on money laundering and terrorist financing risks in the EU financial sector
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EU Council finalises position on law aligning penalties for sanctions violations
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ESMA warns of the risks arising from the provision of unregulated products and/or services by investment firms
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European Commission proposes new rules for GDPR implementation in cross-border cases
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MOKAS annual report on money laundering activities in Cyprus
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Round 3 for EU-US data transfers: The EU Commission adopts EU-US Data Privacy Framework adequacy decision
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EU’s 11th Package of Sanctions against Russia: Expanded measures and countermeasures