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CYFA Informative Circular #5/2020 – CySEC Circular C371 Extension of Deadline

Dear CYFA Members,

Please be informed that the Cyprus Securities and Exchange Commission (‘the CySEC’) has issued today Circular C371 informing all interested parties that due to the developments related to the Coronavirus disease 2019 (COVID-19) the deadlines for the submission to CySEC of the 1) Internal Auditor’s Annual Report, 2) AMLCO’s Annual Report and the 3) Form of the Monthly Prevention Statement provided in the AML/CFT Directive are extended.

To that extent and according to the Circular:
1. The Internal Auditor’s Annual Report and the relevant Board of Directors minutes (paragraph 6 of AML/CFT Directive) should be submitted to CySEC by the end of July 2020 at the latest.
2. The AMLCO’s Annual Report and the relevant Board of Directors minutes (paragraph 10(3) of AML/CFT Directive) should be submitted to CySEC by the end of June 2020 at the latest.
3. The Form of the Monthly Prevention Statement (paragraph 11 of AML/CFT Directive) of March, April and May 2020 should be submitted within 15 days from the end of May 2020

The relevant CySEC Circular C371 is attached for your reference. The CySEC link for your reference is: www.cysec.gov.cy/en-GB/public-info/circulars/supervised/aml-cft/86377/

CySEC C371 Circular