With the transposition of the 5th EU Anti-Money Laundering (AML) Directive into Cyprus legislation, amending the Law for the Prevention and Suppression of Money Laundering Activities (“the law”), all companies and other legal entities that are incorporated or registered in the Republic of Cyprus are now obliged to identify and record onto the Beneficial Ownership (BO) Register all relevant information about their beneficial ownership.
We are at clients’ disposal to provide clarifications on the procedure, assist with the submission of the relevant information required under the Directive and keep updating the Register.
