Dr. Marina Himoni The Cyprus Securities and Exchange Commission (CySEC) has announced on 13 May 2022 that the online platform for the Cyprus Beneficial Ownership Register of Express Trusts and Similar Legal Arrangements (“CyTBOR”) will be accessible to trustees as of 17/05/2022 and for all involved parties as of 17/06/2022. The creation and establishment of…
Dr. Marina Himoni The Cyprus Securities and Exchange Commission, widely known as CySec, (hereinafter “CySec”), constitutes the competent independent authority in Cyprus for the maintenance and operation of the Trusts Ultimate Beneficial Owner (“UBO”) Registry which became mandatory for all European Member States through the transposition of the 5th Anti – Money Laundering Directive (“the…
The Register of Lawyers able to affirm oath by a third party – A real change to the status quo? Dr. Marina Himoni The Oaths (Amending) Law of 2021 has been published in the Official Gazette of the Republic on 26th of February 2021. With the provisions of the new Law (14(I)/2021) and in particular…
