Cyprus Mail
Cyprus

PEPs will be named and shamed if they fail to declare assets by deadline

Pep List

The majority of the island’s public officials have failed to submit their compulsory declaration of assets, which has prompted the competent three-member council to extend the submission of this important document until September 30, 2022.

In an announcement, the three-member council said that it met in session on September 1, and examined the declarations of assets in accordance with the law pertaining to politically-exposed persons (PEP).

“Most officials who are under an obligation to submit a declaration or have been appointed for a second term (the declaration must be submitted every three years) have not submitted their declaration, as provided for by legislation,” it said.

The council decided to grant the extension for submission of the declarations, meanwhile, it said it will publish and post on its website and in the press the names of those who have not submitted their declaration and are subject to the fine provided for by law.

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