Cyprus launches online beneficial ownership register to combat money laundering 

Mark Battersby
clock • 1 min read

The Cyprus Securities and Exchange Commission (CySEC) has unveiled its new online platform for the Cyprus Beneficial Ownership Register of Express Trusts and Similar Legal Arrangements (CyTBOR) which will be accessible to trustees from 17 May and all involved parties from 17 June.    In a statement on 16 May, the regulator said the necessity for the creation of the platform derived from article 61C(4)(a) of the Prevention and Suppression of Money Laundering and Terrorist Financing Law of 2007 (AML/CFT Law), in full accordance with the 4th and 5th European Directives or the Prevention and...

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