FINANCIAL MONITORING IN CYPRUS

Cyprus, which is a member of the European Union, is obliged to comply with the AML Directive. Cyprus is updating its legislation to bring it in line with EU directives and regulations. The European Union and the OECD are conducting an audit of Cyprus in the field of anti-money laundering. In addition, in recent years, the Cyprus AML measures have been subject to some international evaluation by the Council of Europe’s Moneyval Committee. Cyprus seeks to combat financial crime with the help of these AML mayors.

Cyprus is more effective in combating financial crime due to its PID rules.

• Prevention of money laundering
• Prevention of terrorist financing
• Prevention of corruption
• Prevention of bribery
• Prevention of tax evasion

That is why it is very important not just to transfer cash to Cyprus, but to prepare in advance documents proving the origin of funds, a customs declaration of crossing the border in cash, and so on.

Lawyer (lawyer) for banks in Cyprus – this is one of our main profiles. Our lawyer in the field of banking will advise you on the following issues

• How much money can be put in a bank in Cyprus?
• What work when the bank requested documents on the origin of cats?
• What documents confirm the origin of funds?
• Where to get documents confirming the origin of funds?
• What to do if there are not enough documents about the origin of funds?
• How to withdraw (return) blocked funds in a Polish bank?
• How to close a bank account?
• How to legally circumvent financial monitoring in Cyprus?
• What to do if there is no origin of funds?
• How to pass Finmon in a bank of Cuprus?

That is why we recommend our clients to be careful and seek advice on financial monitoring in Cyprus from our company’s lawyers.