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This article was written by John Karanztis, Managing Director and CEO at iSignthis Ltd.
While the final impact of BREXIT is unlikely to be known for some time, the regulatory impact on firms operating between Cyprus and the UK is likely to be limited.
Whilst this may appear to be a bold statement, let’s look at some of the treaty obligations and legislation underpinning regulations.
There is a complex interaction of AML treaties and laws including EU, FATF and MONEYVAL obligations, on the UK and Cyprus respectively.
Whilst the 3AMLD and 4AMLD harmonise the way that all EU member states ... (read more)