Read the CySEC Circular C707
Memo #33-2025
CySEC Circular No: C707
Date: 19/05/2025
Subject: Council of Europe and European Commission, Directorate General for Structural Reform Support training course titled ‘Undertaking Due Diligence to determine possible links between legal entities and designated individuals: Beneficial Ownership and Control Considerations’
Purpose: To inform the Regulated Entities of a training course organised by the DG REFORM on 22/05/2025.
In Summary:
CySEC has issued the Circular C707 on 19/05/2025 to inform the CIFs, ASPs, UCITS Management Companies, Internally managed UCITS, AIFMs, Internally managed AIFs, Internally managed AIFLNPs, Companies with sole purpose the management of AIFLNPs, Crypto Asset Service Providers and Small AIFMs, that the Council of Europe and the European Commission, Directorate General for Structural Reform Support (DG REFORM) is organising the training course titled ‘Undertaking Due Diligence to determine possible links between legal entities and designated individuals: Beneficial Ownership and Control Considerations’ (the ‘Training Course’).
The Training Course will take place on 22/05/2025 between 10:15 – 14:00 (Cyprus time).
The Training Course enhances the capacity of the business operators to identify designated entities, improve access to information, and facilitate information exchange at both national and international levels. It also promotes the use of open-source intelligence (OSINT), aiming to strengthen the detection, investigation, and prevention of sanctions evasion, thereby ensuring better compliance with EU financial restrictive measures.
Anyone who is interested to attend the Training Course can register to the following link:
CySEC notes that it would be beneficial for the obliged entities to attend the Training Course, therefore calls the obliged entities who are interested to proceed with registration.
Read the CySEC Circular C707
Read more news at Regulatory News
