The Cyprus Securities and Exchange Commission (CySEC) has sent an official circular to all companies registered in the country, requiring them to submit specific information as soon as possible in order to implement new EU-wide rules on combating money laundering and terrorist financing. The requirement stems from Regulation (EU) 2024/1620 of the European Parliament and of the Council of 31 May 2024, which established a new body—the European Anti-Money Laundering Authority (AMLA).
The regulation entered into force in June 2024, while its practical application began in July 2025. CySEC emphasizes that compliance with the new requirements is critical for Cyprus to remain fully aligned with EU-wide reporting and supervisory timelines.
The Role of AMLA and Cross-Border Supervision
Under the new rules, AMLA will exercise direct supervision over selected obliged entities, in cooperation with national regulators. This mechanism предусматривает regular assessments of credit and financial institutions operating in at least six EU Member States. These checks will apply regardless of whether activities are carried out through physical presence in a particular country or remotely, under the freedom to provide services.
To simplify and standardize this process, CySEC has informed regulated entities of a dedicated reporting document attached to the regulator’s circular.
Deadlines and Submission Format
All companies licensed before 31 December 2024 are required to complete and submit the form, including entities that have not yet commenced actual operations. Responsibility for submission lies with compliance officers, who must email the completed file to risk.statistics@cysec.gov.cy no later than 9 January 2026.
CySEC explicitly notes that no reminders will be sent to companies that fail to comply on time. Full responsibility for meeting the deadline therefore rests with the organizations themselves.
Technical Requirements and Support
The regulator has set clear technical parameters for data submission. The form is available exclusively in English, and all financial figures must be reported in euros, rounded to the nearest whole unit.
Detailed instructions for completing each field are provided on a separate sheet within the file, helping companies avoid errors and inaccuracies. For technical and methodological issues, CySEC has established a dedicated support period: queries regarding the circular and its annexes will be accepted from 30 December 2025 to 8 January 2026. All questions must be submitted in writing, and no later than 8 January 2026, to the specified email address.
Who the Requirement Applies To
The obligation applies to a wide range of participants in Cyprus’s financial market. This includes Cypriot investment firms, UCITS management companies, alternative investment fund managers (AIFMs), crypto-asset service providers, and other regulated entities. Even small AIFMs, sub-threshold managers, and alternative investment funds with a limited number of investors are required to comply—underscoring regulators’ commitment to full market transparency.
European Context and Significance for Cyprus
Experts note that this requirement is an important step within the EU’s broader strategy to centralize oversight of financial crime. The creation of AMLA and strengthened coordination between national regulators establish a new supervisory architecture, in which Cyprus plays a notable role as one of the region’s key financial centers. Compliance with the new rules will help the island maintain the confidence of European institutions and international investors amid tightening standards for financial transparency and risk management.