Read the CySEC Circular C607
Memo #61-2023
CySEC Circular No: C607
Date: 11/12/2023
Subject: MOKAS’ Strategic Analysis Report 2020 – 2022
Purpose: To inform the regulated entities for MOKAS Strategic Analysis Report 2020 – 2022
In Summary:
CySEC has issued the Circular C607 on 08/12/2023 to bring to the attention of the Cyprus Investment Firms (‘CIFs’), Administrative Service Providers (‘ASPs’), UCITS Management Companies (‘UCITS MC’), Self-Managed UCITS (‘SM UCITS’), Alternative Investment Fund Managers (‘AIFMs’), Self-Managed Alternative Investment Funds (‘SM AIFs’), Self-Managed Alternative Investment Funds with Limited Number of Persons (‘SM AIFLNP’), Companies with sole purpose the management of AIFLNPs, Small Alternative Investment Fund Managers (‘Small AIFMs’) and the Crypto Asset Service Providers, that the Financial Intelligence Unit of Cyprus (‘MOKAS’) has issued its first ever extended Strategic Analysis Report 2020 – 2022 (‘Report’).
The Report was issued in November 2023.
According to Circular C607, the Report aims to provide the Regulated Sector with important information and feedback addressing money laundering and terrorist financing trends and patterns, as these emerge from the context and nature of the Suspicious Transaction Reports (STRs) / Suspicious Activity Reports (SARs) submitted to the FIU by obliged entities during 2020-2022, Requests and Spontaneous Disclosures from foreign FIU’s as well as Requests from Cyprus Police Authorities and from the Cyprus Customs and Excise Department.
CySEC notes that it considers the Report to be of assistance to Regulated Entities.
The Strategic Analysis Report 2020 – 2022 can be found on the following link:
Read the CySEC Circular C607
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