Dear Members,
The Department of Supervision and Compliance of the CBA, as part of the implementation of its Risk-Based Approach, announces that all supervised entities [lawyers (employees and self-employed), LLC/Partnerships, ASP] are obliged to follow CBA’s online procedure in regards to The Prevention and Suppression of Money Laundering Activities and Terrorist Financing.
The procedure covers the periods 01/01/2018 – 31/12/2018 and 01/01/2019 - 31/12/2019 and should be completed by 30 April 2020 by all supervised persons and is conducted through the link:
In case the supervised entities do not comply with the above deadline, the CBA may impose penalties.
A handbook can be found HERE for guidance purposes.
Cyprus Bar Association
25 February 2020