‘Crippling fines’ for corporations reduced
Corporations that failed to disclose their ultimate beneficial owners (UBOs) within the prescribed deadline, and which got slapped with heavy fines as a result, will see these fines scrubbed and ...
Businesses seek relaxation of UBO rules amid fines
Businesses which for one reason or another were unable to update their records regarding their ultimate beneficial owners (UBOs) have asked authorities to relax the rules temporarily so that they ...
Cyprus on track to meet anti-money laundering measure
Officials have given assurances that by September Cyprus will do a test run of an ultimate beneficial owners (UBO) register for companies, and that by the end of the year ...
Cyprus companies caught up in sanctions make progress on frozen accounts
Cypriot companies caught up as collateral damage from Western sanctions against Russia are making the changes needed to unfreeze their accounts, with an official on Friday estimating all should be ‘...
Registrar receives green light to review sanctioned companies
Registrar of Companies Irini Mylona on Friday morning said her office has been greenlighted to proceed with examination of applications for personnel replacements received from companies caught up in the ...