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
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
Matt Taber
Matt Taber
  • Matt Taber

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

  • Group General Counsel
  • Cayman Islands

Cyprus announces public consultation on draft Distributed Ledger Technology Law 2021

On 6 September 2021, the Cyprus Ministry of Finance announced a public consultation on a draft law regulating matters relating to distributed ledger technology (DLT), including blockchain technology. The purpose of the draft law is to introduce in technologically neutral manner rules that will achieve a balance between the need to promote and properly use new technologies and the need to prevent money laundering and safeguard the rights of consumers.

Aki Corsoni-Husain, George Apostolou,
Elina Mantrali

Bank "bail-in", deposit guarantee regimes, and capital adequacy amendments transposed in Cyprus

On 13 August 2021, the Cyprus Securities and Exchange Commission (CySEC) issued an announcement to provide further information to the public regarding the pack of legislation passed by parliament on 7 May 2021 which seeks to harmonise the Cypriot legal framework with updated European Union rules targeting the reduction of risk in the banking system (Amending Regime).

Aki Corsoni-Husain, Nancy Erotocritou,
Elina Mantrali, Stephanie Havatzias

EBA initiates a public consultation on draft guidelines on the role and responsibilities of AML/CFT compliance officers

On 2 August 2021, the European Banking Authority (EBA) launched a public consultation on new guidelines on the role, tasks and responsibilities of anti-money laundering and countering the financing of terrorism (AML/CFT) compliance officers. The guidelines also include provisions on the wider AML/CFT governance set-up, including at the level of the group.

Vanessa Molloy, Chiara Deceglie