Cyprus Revises AML Rules to Require Face-to-Face Meetings for KYC

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Cyprus Revises AML Rules to Require Face-to-Face Meetings for KYC

Postby kreslik.news » Thu Apr 07, 2016 9:16 pm


As regulators aim to foster greater market integrity and protect investors, by continually adjusting rules and law-based guidelines from time to time, the latest such changes come from the Central Bank of Cyprus (CBC) which announced a series of revisions aimed to enhance transparency and improve AML compliance from among the financial institutions that it oversees.

Cypriot credit institutions affected by the new rule revisions -which just went into effect already as of April 7th 2016 – have a limited amount of time before they must comply with the changes or face ceasing all business transactions with any relevant clients. ... (read more)

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