TO ALL MEMBERS OF THE INSTITUTE
(GC_13/2019)
Subject: Directive for the Prevention and Suppression of Money Laundering and Terrorist Financing
The Institute of Certified Public Accountants of Cyprus pursuant to the Prevention and Suppression of Money Laundering and Terrorist Financing Law of 2007, as amended up and until 2018, (articles 59(1)(d) and 59(4)) (‘the Law’), wishes with this circular to present its Members with the updated Directive for the Prevention and Suppression of Money Laundering and Terrorist Financing (‘the Directive’).
The Directive, follows General Circular GC_8/2018 issued on the 18th of May 2018 highlighting the main amended provisions of the Law that came into immediate effect with its enactment on 3rd of April 2018.
The Directive has immediate effect and has to be adhered to by all Members and Licensed firms.
ICPAC may update the Directive from time to time.