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cyprus
From 2025, CySEC Will Tighten Grip on Investment Firm Capital
- The regulator adopts EBA guidelines on group capital tests for CIFs, effective January 2025.
- Despite potential flexibility in capital requirements, it increases regulatory scrutiny for Cyprus-based FX/CFD companies.
Tuesday, 22/10/2024 | 07:38 GMT by
Damian Chmiel
Exclusive: CFDs-Heavy Cyprus' Compliance and Legal Heads Are Earning Six Figures
- Finance Magnates exclusively gained access to a Cyprus-focused salary survey report by Emerald Zebra.
- Heads of Compliance in Cyprus earn up to €120,000, while Heads of Legal receive €150,000.
Monday, 14/10/2024 | 10:09 GMT by
Arnab Shome
Cyprus Watchdog Cracks Down on Sloppy AML Reporting, Warns of Sanctions
- CySEC identified weaknesses in reports from regulated entities, including CIFs and crypto providers.
- Areas for improvement include analysis of inspection methods and information on high-risk clients.
Wednesday, 07/08/2024 | 08:29 GMT by
Damian Chmiel
CySEC Multimillion Fines on Bank of Cyprus Officials Overturned after 10 Years
- Cyprus court annuls 2014 fines imposed on Bank of Cyprus, citing a breach of impartiality in the original decision.
- The ruling marks a turn in a long legal battle over the bank's investments in Greek gov bonds.
Monday, 15/07/2024 | 08:47 GMT by
Damian Chmiel
Cyprus Targets Crypto and Non-Profit Organizations in Warning Against Terror Financing
- The Institute of Certified Public Accountants of Cyprus emphasized transaction monitoring and KYC procedures in combating illicit financial flows.
- The targeted areas include charitable and non-profit organizations operating in conflict zones or sanctioned jurisdictions.
Wednesday, 10/07/2024 | 16:34 GMT by
Jared Kirui
A Place in the Sun – Real Estate in Cyprus is Booming
- The surge is driven by foreign investment, favorable tax policies, and a growing economy.
- The residential real estate market in Cyprus sees rising property prices and high demand.
- The REALTYon Expo is running, bringing together stakeholders from across the industry.
Thursday, 04/07/2024 | 08:51 GMT by
Louis Parks
iFX Expo International – Where the Great and Good of FX Came Together
- This year’s event was huge, with participants from all over the world.
- Emerging nations and regions were strongly represented.
- PSPs were everywhere and they were all talking FX … and crypto.
Friday, 21/06/2024 | 09:49 GMT by
Louis Parks
Crisis to Confidence: Experts Chart Cyprus’s Path to Financial Resurgence
- The panelists of “The Financial Landscape” stressed understanding finances, citing cases of undisclosed investments causing sudden tax burdens.
- They also discussed Cyprus's business environment, addressing reputation concerns and highlighting the importance of quality to attract investors.
Wednesday, 27/03/2024 | 11:10 GMT by
Tareq Sikder
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