Cyprus launches its own register to identify Ultimate Beneficial Owners

Israeli’s new AML rules for crypto
OFAC issue advisory notice to businesses operating in or with Cambodia

Cyprus has now launched its own Ultimate Beneficial Owner (UBO) register, aimed at mitigating the use of companies for laundering illicit proceeds and financing terrorism. While corporate entities in Cyprus need to submit data into the register in the next 12 months, Financial Institutions should take advantage of the newly available register on an incremental basis.

https://www.occrp.org/en/daily/14212-cyprus-launches-new-registry-that-identifies-company-owners

Share with: