Committees

Tax and Legal

President

Laura Michael

Director/Head of Client Accounting
Vistra (Cyprus) Ltd

Bio

Laura was appointed as a Director of Vistra (Cyprus) Ltd in January 2016, before which she held and continues to hold the position of Head of the Client Accounting, since 2011. She joined EY (London) in 2006, working as an auditor and obtained her ACA qualification, with the Institute of Chartered Accountants of Scotland (ICAS) in 2009 before moving to Cyprus. Here Laura worked for Deloitte (Cyprus) and gained experience in financial reporting and tax, with clients in various industries.

Laura graduated from the University of Bristol in 2006 where she studied Accounting and Management (BSc). In 2014, she achieved the Advanced Certificate in Fund Administration and has knowledge in the Fund industry. She has been an active member of the Cyprus Fiduciary Association Tax and Legal Committee since 2014, and the president of the committee for the past 2 years.

Vice-President

Theodoros Louca

Guricon Ltd

Members

Oleksandr Pustovoi – Korpus Prava Corporate Services Ltd, Theodoros Theodorou – Oneworld Ltd, Jarmila Janosova – Bridge Global Solutions Services Ltd , Alena Sakharova – Main Partner Trust (Cyprus) Ltd, Stella Strati – Pageserve Ltd, Michalis Eleftheriou – Nobel Trust Ltd, Andreas Panayiotou – CPM Services Ltd, Eleni Drakou – Michael Kyprianou & Co LLC

Purpose

The primary purpose of the Tax & Legal Committee is to review and advise the Association on issues related to current Tax & Legal issues that affect the ASP industry. Specifically, the Committee has the task to review relevant Law amendments and monitor key developments as well as to keep contact with industry Regulators and other professional bodies to keep CYFA Board and Members updated with relevant tax and legal amendments and provides suggestions. The Committee also provides guidance with regards to the preparation of content for CYFA seminars related to topics of interest and is involved in the preparation of alerts, updates and other relevant material regarding legal, corporate and tax affairs for the Association’s web page.

Committee members consist of Member Firm representatives following a call of interest for a duration of 2 years per term. Committee meetings are held regularly throughout the year.

Public Relations and Communications

President

Andis Petrou

Director of Communications
Chelco Management Services Ltd

Bio

Andis holds a Bachelor of Arts degree in Journalism from the University of Arizona, USA, and a Master of Science in Integrated Marketing Communications (MSIMC) with Honors from Roosevelt University in Chicago, USA.

He is a seasoned business communications professional with over 25 years of experience in written, verbal and electronic communications in Cyprus and the United States. He has over 15 years of local and international experience and expertise in the tax, trust and corporate services industry and has worked for leading fiduciary services providers in senior management positions.

Andis is well versed in the formulation, management and coordination of business, corporate and marketing communications efforts in Cyprus and four continents around the globe. He has successfully executed business and marketing communications strategies for local and international companies in the corporate, financial, high technology, retail and insurance sectors. He is a Corporate ID watchdog, a brand strategist and a cultural marketing expert.

Vice-President

Katrien De Poorter

Dixcart Management (Cyprus) Ltd

Secretary

Panayiota Ioannou

Guricon Ltd

Member

Aleksandra Kaperska – Korpus Prava Corporate Services Ltd 

Purpose

The PR & Communications Committee primary aim is to improve public awareness about the role and activities CYFA and to promote the CYFA image through the building of connections with local media and the use of positive publicity and events. In addition is assigned with the task to find ways to encourage member participation in the Association’s activities, assist the BoD in the development of methods to communicate important information to members and associates as well as to prepare informative material for the Association’s web and social media presence.

Furthermore, the Committee works along with the Association Board and Management to maintain and enhance good relation and cooperation with official bodies and public authorities and in identifying ways for creating awareness and promoting Cyprus as an International Business centre.

Committee members consist of Member Firm representatives following a call of interest for a duration of 2 years per term. Committee meetings are held regularly throughout the year.

AML and Compliance Affairs

President

Maria Christofidou Chan

Compliance Officer
Trident Trust Company (Cyprus) Ltd

Bio

Maria graduated from the London School of Economics in the UK with BSc (Hons) Management Sciences and MSc. Decision Sciences. She is a holder of the CySEC’s AML Certification and has more than 16 years’ experience in the ASP sector.

Maria joined Trident Fiduciaries (Middle East) Limited in 2005, gaining considerable experience across all departments and areas of work with particular emphasis and interest in the compliance sector. Maria has been instrumental in the set-up of the Compliance Department, the implementation of the required AML related policies and procedures and the application and obtaining of the necessary ASP Authorisation following the industry’s regulation in 2013. Following the merger of the two Trident operations in Cyprus in 2020, Maria continued in the same role with Trident Trust Company (Cyprus) Limited where she currently is Senor Manager – Compliance and acting Compliance Officer.

Maria is the president of the AML and Compliance Affairs Committee since September 2020. Previously she acted as Secretary of the Committee since February 2018 and as member of the Committee since 2015.

Vice-President

Michalis Loizou

E. Neocleous Trust Company Ltd

Secretary

Annita Eliadou

Panglobe Ltd

Members

Irina Otrokhova – Korpus Prava Corporate Services Ltd, Charis Raftopoulos – Dema Services Ltd, George Charalambous – Totalserve Management Ltd, George Mylonas – Executive Business Consultants Ltd, Andreas Georgakis – Guricon Ltd, Beata Irimi – P.C. Nordic Finance Ltd, Elina Christofi – Chelco Management Ltd, Pambos Mannouris – AJK Bureau of Consultants Ltd

Purpose

The AML & Compliance Affairs Committee is assigned with the task to deal with all related matters for the introduction and implementation of the Regulation of Undertakings Providing Management & Administration Services to Private Companies and Related Matters Law of 2012 (Ο Περί της Ρύθμισης των Επιχειρήσεων Παροχής Υπηρεσιών Διοίκησης Ιδιωτικών Εταιρειών και Συναφών Θεμάτων Νόμος του 2012) and the AML Directives of the three (3) current supervisory authorities of the fiduciary sector.

At the same time, the Committee is required to maintain contact with all Regulators for the exchange of views and cooperation on compliance issues and inform the Association on the latest developments on AML & Compliance Regulations on a local and international level. In addition, the Committee assists in the preparation of circulars and articles regarding AML & Compliance Affairs and provides guidance in regards to the preparation of content for seminars related to AML and compliance topics.

Committee members consist of Member Firm representatives following a call of interest for a duration of 2 years per term. Committee meetings are held regularly throughout the year.