New Circular from the Central Bank on “shell companies”

“Новый Циркуляр от ЦБ по "компаниям-пустышкам"” is locked Новый Циркуляр от ЦБ по "компаниям-пустышкам"

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.


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