Cyprus Bar Association’s mandatory questionnaire on AML/CFT
On 25 February 2020, the Department of Supervision and Compliance of the Cyprus Bar Association (CBA) announced that all supervised entities (lawyers (employees and self-employed), LLC/Partnerships, ASP), as part of the implementation of its Risk-Based Approach, are obliged to follow CBA’s online procedure in regards to The Prevention and Suppression of Money Laundering Activities and Terrorist Financing.
The procedure covers the periods 1 January 2018 – 31 December 2018 and 31 December 2018 – 31 December 2019 and must be completed by 30 April 2020 by all supervised persons. The questionnaire is conducted through this link.
A handbook can be found here for guidance purposes.
CBA’s announcement can be found here.