compliance-officer money laundering

Beginning of a new year – Important regular tasks of the Money Laundering Compliance Officer

Introduction The beginning of the year often marks a stressful period for the Money Laundering Compliance Officers (MLCO) and Obliged Entities under the relevant Prevention and Suppression of Money Laundering Activities Law (or equivalent “AML Law” of the specific jurisdiction under which the legal entity operates) as there are various regulatory requirements. Some of the…

eu blue card

EU Blue Card

The European Union is increasingly competing with other destinations in the global race for talent. In order to attract and retain highly skilled workers in sectors facing skills shortages, the EU updated the blue card directive in October 2021. On the 17/01/2024 the Council of Ministers of the Republic of Cyprus, approved legislation to implement the…

Court Permission for a legal action against a Liquidated Company

Company Liquidation Company liquidation is a legal procedure triggered when a company faces difficulty repaying its debts. It offers a fresh start to those burdened by financial obligations. Usually, it commences with the debtor submitting a request, although creditors can also instigate it. Throughout this procedure, the debtor’s belongings are evaluated, and certain assets may…

Family Reunification of Third Country Nationals

Family Reunification Permit in Cyprus – Family members of third-country national employed in Companies of Foreign Interest Introduction In order to preserve family unity, third-country nationals with residence and employment permits are able to exercise their right to Family Reunification for their family members (spouse and minor children), provided that the relevant conditions of the Aliens and…