Cyprus’s Central Bank new AML/CTF Directive, effective 2 June 2025, reshapes compliance with a flexible RBA that enhances efficiency while ensuring robust financial crime oversight

The directive is part of Cyprus’ ongoing efforts to enhance its supervisory framework, ensuring that financial institutions comply with international standards on preventing money laundering and terrorist financing. The CBC has also made available a Frequently Asked Questions (FAQ) document to clarify key provisions of the directive. The FAQ is designed to guide supervised entities, such as banks and financial institutions, in understanding…