New Circular from the Central Bank on “shell companies”

In the furtherance of current anti-money laundering policies, the Central Bank of Cyprus has issued an additional Circular Letter DD 02.11.2018 offering revised and more extensive definitions of ‘shell companies/entities’ as well as recommendations on the relevant customer acceptance and risk evaluation procedures for local banking institutions.


Please find enclosed a copy of the a.m. Circular Letter for your information and guidance.

CB-Circular-Letter-DD-02.11.18-1.pdf

Our specialists are always ready to help you and provide with professional support. For any further information or clarifications please contact us.

Odysseas Melikides

Odysseas Melikides

Sign up for our Newsletter

SUBSCRIBE TO OUR NEWSLETTER to stay up to date on the latest industry news, tax calendar events, and our team achievements