Tag: anti money laundering law

May 20, 2016 BY LeapRate Staff

CySEC and Cyprus' MOKAS anti money laundering unit issue directives on Panama Papers

Further to our earlier report whereby CySEC ordered all regulated CIF firms to investigate any links to Mossack Fonseca, a Directive has been issued by Cyprus' anti money laundering unit MOKAS, clarifying Regulated Entities’ reporting obligations in relation to the publicly available list of persons which are included into the documents of Mossack Fonseca, referred to commonly as the…

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May 20, 2016 BY LeapRate Staff

CySEC and Cyprus' MOKAS anti money laundering unit issue directives on Panama Papers

Further to our earlier report whereby CySEC ordered all regulated CIF firms to investigate any links to Mossack Fonseca, a Directive has been issued by Cyprus' anti money laundering unit MOKAS, clarifying Regulated Entities’ reporting obligations in relation to the publicly available list of persons which are included into the documents of Mossack Fonseca, referred to commonly as the…

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February 11, 2015 BY Mike Fox

Switzerland's FINMA takes aim at CIS institutions with new anti money laundering rules

The Swiss Financial Market Supervisory Authority FINMA has opened a consultation on the draft revised version of the FINMA Anti-Money Laundering Ordinance. The revised ordinance reflects both the revised Anti-Money Laundering Act of 12 December 2014 and the revised Financial Action Task Force recommendations. The revised ordinance also includes insights gained from supervisory practice and…

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