CySEC proposes bringing Crypto Asset Activities under the ambit of the AML Law

On 19 February 2019, the Cyprus Securities and Exchange Commission (“CySEC”), issued a consultation paper, for interested market participants to express their views on proposed amendments to the Cyprus AML Law (L. 188(I)/2007 as in force). The proposed amendments extend the scope of Cyprus AML Law in line with the provisions of the EU Fifth […]

Reduction of statutory interest rate on judicial awards

By an order of the Minister of Finance issued on 21 December 2018 the statutory rate of interest on judgments pursuant to Article 33 of the Courts of Justice Law has been reduced to 2 percent per annum with effect from 1 January 2019. This rate will apply for the whole of 2019. For further […]