Legal & Regulatory Framework

Main Legislation:

• The Prevention and Suppression of Money Laundering and Terrorist Financing Law of 2007 το 2023 (unofficial consolidation up to L. 172(Ι)/2024, in Greek)
• Amending Law L. 172(Ι)/2024 (in Greek)
• Amending Law L. 141(Ι)/2024 (in Greek)
• Amending Law L. 118(Ι)/2024 (in Greek)
• Amending Law L. 98(I)/2023 (in Greek)
• Correction to the Amending Law L. 13(Ι)/2021(in Greek)
• Amending Law L. 40(Ι)/2022

Secondary Legislation:

• Cyprus Gaming and Casino Supervision Commission AML/CFT Direction

European Regulatory Framework

• Regulation (EU) 2024/1624 of the European Parliament and of the Council of 31 May 2024 on the prevention of the use of the financial system for the purposes of money laundering or terrorist financing
• Regulation (EU) 2024/1620 of the European Parliament and of the Council of 31 May 2024 establishing the Authority for Anti-Money Laundering and Countering the Financing of Terrorism and amending Regulations (EU) No 1093/2010, (EU) No 1094/2010 and (EU) No 1095/2010
• Directive (EU) 2024/1640 of the European Parliament and of the Council of 31 May 2024 on the mechanisms to be put in place by Member States for the prevention of the use of the financial system for the purposes of money laundering or terrorist financing, amending Directive(EU) 2019/1937, and amending and repealing Directive (EU) 2015/849
• Regulation (EU) 2023/1113 of the European Parliament and of the Council of 31 May 2023 on information accompanying transfers of funds and certain crypto-assets and amending Directive (EU) 2015/849

Previous Directives

• Directive (EU) 2018/1673 of the European Parliament and of the Council of 23 October 2018 on combating money laundering by criminal law
• Directive (EU) 2018/843 of the European Parliament and of the Council of 30 May 2018 amending Directive (EU) 2015/849 on the prevention of the use of the financial system for the purposes of money laundering or terrorist financing, and amending Directives 2009/138/EC and 2013/36/EU
• Directive (EU) 2015/849 of the European Parliament and of the Council of 20 May 2015 on the prevention of the use of the financial system for the purposes of money laundering or terrorist financing, amending Regulation (EU) No 648/2012 of the European Parliament and of the Council, and repealing Directive 2005/60/EC of the European Parliament and of the Council and Commission Directive 2006/70/EC