AML & Compliance · Cyprus · Regulated Entities
Compliance frameworks, KYC procedures, and regulatory advisory for Cyprus-regulated businesses — from CySEC licensees and corporate service providers to entities preparing for AMLA from 2027.
The regulatory stakes for AML non-compliance have never been higher — and the 2024 EU AML Regulation and the launch of AMLA in 2027 raise them further. We design and implement compliance frameworks for Cyprus-regulated businesses: KYC procedures, risk assessments, SAR preparation, and supervisory liaison. A framework that works in practice, not just on paper.
Risk-based policies and procedures tailored to your business model, sector, customer base, and regulatory supervisory body. Proportionate, defensible, and built to survive examination.
Customer identification procedures, beneficial ownership verification, PEP and sanctions screening, enhanced due diligence for higher-risk customers, and ongoing monitoring under 5AMLD/6AMLD.
Design of internal escalation and triage procedures, preparation of Suspicious Activity Reports (SARs) and Suspicious Transaction Reports (STRs), and coordination with MOKAS, the Cyprus Financial Intelligence Unit.
CySEC, ICPAC, Central Bank of Cyprus, and other supervisory authority correspondence, examination preparation, remediation planning, and post-inspection response management.
Gap analysis and implementation roadmap for EU Anti-Money Laundering Authority requirements applying from 2027 to directly supervised entities — covering framework standards, data quality, and reporting obligations.
AML training programmes for compliance staff and boards, MLCO role definition and appointment advisory, annual compliance reviews, and ongoing support for the compliance function as requirements evolve.
We review your current AML framework, identify gaps against applicable Cyprus and EU requirements, and assess your supervisory risk profile. The assessment distinguishes between genuine compliance gaps and documentation gaps — the remediation for each is different.
We design and document a proportionate, compliant framework: risk assessments, policies, KYC procedures, internal escalation structures, training plans, and reporting lines. Built to the standard your supervisor expects, not to the minimum required.
We track regulatory changes — including AMLA's 2027 implementation timeline — update your documentation, and support your MLCO as requirements evolve. AML compliance is not a one-time project; it is a continuous obligation.
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We work with regulated entities on structured engagements — gap assessments, framework builds, and ongoing support.
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