Investment Firms

The following article touches upon the guidelines issued by the Cyprus Security and Exchange Commission on Systems and Controls that Investment Firms operating from Cyprus should have in place.

GoalTrust can help existing and new clients in implementing such Systems and Controls.

The article can be found here.

The following brochure outlines

1. The benefits of registering an Investment Firm in Cyprus
2. The legal background
3. The conditions for authorization
4. The organizational requirements
5. The autorization process and conditions thereof.

The brochure can be downloaded here.

MoneyVal, the competent European authority for money laundering has cleared Cyprus of all suspicions related to money laundering. In early 2013, Eu officials expressed the opinion that Cyprus could be involved in money laundering activities mainly due to Russian deposits at its local institutions. The government reacting promptly, invited the competent European authority for antimoney laundering to visit Cyprus and assess the accusations.

MoneyVal appointed PWC to carry out the assessment under its supervision and the report was completed in April 2013 – Special Assessment Cyprus. The report effectively cleared Cyprus of any such accusations recognizing that the banks and professionals involved in International Business are well aware of Customer Due Diligence and Risks.