Read the CySEC Circular C805
Memo #55-2026
CySEC Circular No: C805
Date: 12/10/2026
Subject: MOKAS’ Annual Sectorial Quantity & Quality Assessment of STRs/SARs submitted to the FIU by Obliged Entities for the year 2025
Purpose: To inform Regulated Entities that the MOKAS has published its Annual Sectorial Quantity & Quality Assessment of STRs/SARs submitted to the FIU by Obliged Entities for the year 2025.
In Summary:
CySEC has issued the Circular C805 on 09/10/2026 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, Small AIFMs under Law 81(I)/2020 and Crowdfunding Service Providers, that the Unit for Combating Money Laundering (the ‘MOKAS’ or the ‘Unit’) has published its Annual Sectorial Quantity & Quality Assessment of STRs/SARs submitted to the FIU by Obliged Entities for the year 2025 (the ‘Report’).
CySEC notes that the Report constitutes a valuable tool to the Obliged Entities, assisting them to focus on high risk areas on a sectorial basis, providing financial intelligence valuable for actual analysis, criminal investigations and asset tracing.
According to the Report, the most used risk indicators for the year 2025 that raised suspicions and triggered the submission of an STR/SAR were the following:
• Transactions related with Virtual Assets.
• Use of Money Mules.
• Transactions between unrelated counterparties.
• Internet Fraud/Cyber Crime.
• Money Laundering.
MOKAS notes that it has identified a number of deficiencies in some reports that affect the quality, completeness, and analytical value of the information provided.
According to the Report, during the year 2025, the FIU Cyprus received 24.092 Reports from Obliged Entities of which, 21.857 were Reports from Obliged Entities operating under the free provision of services. From those 21.857 Reports, only 246 had a nexus with Cyprus and remained for further analysis in the CyFIU, while the rest of the Reports concerned and were disseminated to other EU/EEA FIUs.
CySEC further notes that it encourages the Regulated Entities to study the Report and continue their efforts of improving STRs/SARs submissions to the Unit.
The Report can be found attached to the Circular C805.
Read the CySEC Circular C805
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