New electronic AML/CFT monthly prevention statement process via CySEC's Transaction Reporting System
On 20 April 2023, the Cyprus Securities and Exchange Commission (CySEC) issued Circular 567 to all regulated entities regarding the submission of the Monthly Prevention Statement (MPS) for Anti-Money Laundering (AML) and Countering the Financing of Terrorism (CFT) purposes.
Starting from May 2023, the MPS form will be submitted through the CySEC's Transaction Reporting System (TRS). This new form MPS replaces the existing form 144-08-11 for the prevention of money laundering and terrorist financing.
The regulated entities are required to complete and submit the new MPS form on a monthly basis, within 15 days from the end of each month. The first release of the new form will take place in May 2023, covering the period of 1 April 2023 – 30 April 2023.
CySEC’s circular can be found here.
The steps for successful submission of the form to the TRS can be found here.