Regulatory

Blog

Regulatory

The Regulatory Blog is an informal and up to date news and information service of key regulatory developments in our jurisdictions: the BVI, the Cayman Islands, Cyprus and Luxembourg. We intend to include the latest financial services, anti-money laundering, sanctions and related developments within our remit.

Contributors

Aki Corsoni-Husain
Aki Corsoni-Husain
  • Aki Corsoni-Husain

  • Partner
  • Cyprus
George Apostolou
George Apostolou
  • George Apostolou

  • Partner
  • Cyprus
Chiara Deceglie
Chiara Deceglie
  • Chiara Deceglie

  • Partner
  • Luxembourg
Massimiliano della Zonca
Massimiliano della Zonca
  • Massimiliano della Zonca

  • Senior Associate
  • Luxembourg
Philip Graham
Philip Graham
  • Philip Graham

  • Partner
  • British Virgin Islands
Ayana Hull
Ayana Hull
  • Ayana Hull

  • Counsel
  • British Virgin Islands
Katerina Katsiami
Katerina Katsiami
  • Katerina Katsiami

  • Associate
  • Cyprus
Petros Kiteos
Petros Kiteos
  • Petros Kiteos

  • Associate
  • Cyprus
Andrew Knight
Andrew Knight
  • Andrew Knight

  • Partner
  • Luxembourg
Joshua Mangeot
Joshua Mangeot
  • Joshua Mangeot

  • Counsel
  • British Virgin Islands
Mirza Manraj
Mirza Manraj
  • Mirza Manraj

  • Counsel
  • Hong Kong
Elina Mantrali
Mirza Manraj
  • Elina Mantrali

  • Associate
  • Cyprus
Vanessa Molloy
Vanessa Molloy
  • Vanessa Molloy

  • Partner
  • Luxembourg
Andrea Moundi Savvides
Andrea Moundi Savvides
  • Andrea Moundi Savvides

  • Consultant
  • Cyprus
Marina Stavrou
Marina Stavrou
  • Marina Stavrou

  • Associate
  • Cyprus
Matt Taber
Matt Taber
  • Matt Taber

  • Partner
  • Cayman Islands
Carolynn Vivian
Carolynn Vivian
  • Carolynn Vivian

  • Senior Associate
  • Cayman Islands

Cyprus UBO disclosure regime for entities and other legal arrangements

As a full member of the European Union (EU), Cyprus is required to comply with the applicable EU Directives and Regulations. As a result, Cyprus must implement the requirements for disclosing information on the beneficial ownership of legal entities, other legal arrangements and trusts in accordance with the requirements laid out in Directive (EU) 2018/843 of the European Parliament and of the Council of 30 May 2018 amending Directive (EU) 2015/849 on the prevention of the use of the financial system for the purposes of money laundering or terrorist financing, and amending Directives 2009/138/EC and 2013/36/EU.

Theodoros Zafiropoulos, Aki Corsoni-Husain,
Andrea Moundi Savvides, Marina Stavrou

Cayman’s Virtual Asset Service Providers amendments commence

On 15 January 2021, the Virtual Asset (Service Providers) (Amendment) Act, 2020 commenced, along with transitional Regulations. Existing Virtual Asset Service Providers are reminded that they have until 31 January 2021 to register with the Cayman Islands Monetary Authority.

Carolynn Vivian

BVI FSC enters into statement of cooperation with Abu Dhabi Global Market Registration Authority

On 3 December 2020, the BVI Financial Services Commission (the BVI FSC) entered into a statement of cooperation with the Abu Dhabi Global Market Registration Authority. The BVI FSC and the ADGM, in recognition of the increasingly international and cross-border nature of business, wish to facilitate the development of broader and closer cooperation between the two jurisdictions in a mutually beneficially manner.

Mirza Manraj