Harris Kyriakides
Harris Kyriakides

Expertise

Where legal acumen meets innovative solutions

AML & Compliance

Our AML and Compliance practice is dedicated to helping clients address the complexities of anti-money laundering regulations and compliance frameworks. We provide expert strategic guidance on the development and implementation of robust policies and procedures designed to mitigate risks associated with money laundering, terrorist financing and other financial crimes.

Our services include comprehensive risk assessments, the creation of tailored compliance programmes, and offers specialised training to staff to ensure full adherence to both local and international standards. We work closely with our clients to foster a culture of compliance within their organisations, empowering them to safeguard their operations, reputations and assets while meeting regulatory obligations effectively.

Leveraging our in-depth knowledge of the regulatory landscape, we guide clients in identifying and managing compliance risks. We ensure they are prepared to respond to evolving legal requirements, proactively addressing potential financial crime risks before they emerge.

RELEVANT EXPERTS

LATEST NEWS

News
Cyprus progresses towards competitive electricity market
23 January 2025 | 4 mins read

Cyprus is making significant strides in modernising its energy sector with the scheduled launch of a competitive electricity market by July 2025. This initiative aims to lower electricity costs for households and businesses, improve economic - Read More...

News
The right to the environment: A new chapter in Cyprus’ constitutional framework
13 January 2025 | 4 mins read

The protection of the environment has now acquired a constitutional dimension in Cyprus through the enactment of the Nineteenth Amendment to the Constitution (Law 171(I)/2024), published in the Official Gazette of the Republic on 31 - Read More...

News
Changes to the Cyprus UBO Registry framework
3 January 2025 | 2 mins read

The Department of Registrar of Companies and Intellectual Property (DRCIP) has announced significant updates to the implementation framework of the Ultimate Beneficial Owners (UBO) Registry in Cyprus. These changes stem from the enactment of the - Read More...

News
Cyprus updates legislation on recovery and resolution of credit institutions and investment firms
18 December 2024 | 2 mins read

Introduction The Cyprus House of Representatives has approved two legislative amendments to align national laws with EU directives on the recovery and resolution of credit institutions and investment firms. These developments are part of a - Read More...

News
Cyprus passes law restricting large cash transactions to strengthen AML efforts
16 December 2024 | 6 mins read

Introduction On 5 December 2024, Cyprus parliament approved a significant piece of legislation aimed at curbing large cash transactions, enhancing the country’s anti-money laundering (AML) framework. The proposal, first introduced on 30 October 2024 by - Read More...

News
Cyprus Ministry of Interior issues Best Practices Report to combat terrorism financing in non-profit organisations 
13 December 2024 | 4 mins read

On 26 November 2024, the Registrar of Associations and Foundations, which is part of the Ministry of Interior, issued a new Best Practices Report providing information on the risks faced by Non-Profit Organisations (NPOs) in - Read More...

News
Cyprus Parliament approves new framework for beneficial ownership compliance
2 December 2024 | 3 mins read

On 21 November 2024, the Cyprus Parliament approved a landmark amendment to the Prevention and Suppression of Money Laundering Activities Law. The legislation introduces a comprehensive framework for the enforcement of penalties related to beneficial ownership - Read More...

News
Changes brought about by GDPR: increasing liability for data processors
31 October 2024 | 5 mins read

The General Data Protection Regulation (GDPR) has increased the liability of data processors, imposing direct regulatory obligations and leading to a more complex and accountable data protection regime for both controllers and processors.  Background A - Read More...