Read the CySEC Circular C711
Memo #36-2025
CySEC Circular No: C711
Date: 13/06/2025
Subject: CoE and DG REFORM training event titled ‘Trade-Based Sanction Evasion Tactics - Review of Red Flags, tactics and typologies of illicit actors used to move assets and funds through trade activity linked to Russia’
Purpose: To inform the Regulated Entities that the Council of Europe’s and DG REFORM’s will be holding in June a training event on trade-based sanction evasion tactics.
In Summary:
CySEC has issued the Circular C711 on 12/06/2025 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 the Small AIFMs under Law 81(I)/2020, that the Council of Europe’s and DG REFORM’s (European Commission, Directorate General for Structural Reform Support) TSI Sanctions II Project will be holding its next training event titled ‘Trade-Based Sanction Evasion Tactics - Review of Red Flags, tactics and typologies of illicit actors used to move assets and funds through trade activity linked to Russia’ (the ‘Training Event’).
The Training Event will take place on 26/06/2025, between 10:00 – 14:00 (Cyprus time). Interested parties can participate online.
In accordance with Circular C711, this training will focus on trade-based sanction evasion tactics used to circumvent sanction restrictions as well as upon the different tactics to move assets and funds through trade activity in breach of sanctions imposed on Russia, ways to resolve complexities and challenges in identifying such illicit activity to distinguish between “normal” and “unusual” trade arrangements.
CySEC notes that considers beneficial for Regulated Entities to attend this Training Event, therefore calls the Regulated Entities who are interested to proceed with registration.
The link for registration for online participation can be found below. The deadline for registration expires on Thursday, 19/06/2025:
Read the CySEC Circular C711
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