📢 Important Changes to the Beneficial Owners’ Register in Cyprus 📢
The Cyprus Parliament has amended the Anti-Money Laundering Law, introducing important changes related with the practical implementation of the Beneficial Owners’ Register (BO Register).
Key updates include revised monetary fines solely targeting non-compliant companies, liability adjustments for directors, and extensions for filing details of the beneficial owners.
These changes aim to ensure compliance while maintaining Cyprus as a robust business hub.
For More Information read below 📖
Author: Nikoleta Christofidi