ARTICLE
10 September 2025

Regulatory Insights - August 2025

Ki
KPMG in Cyprus

Contributor

KPMG has been operating in Cyprus since 1948 and currently employs more than 800 professionals working from 6 offices across the island. It is a member of KPMG International Limited, a global organisation of independent professional services firms providing Audit, Tax and Advisory services. KPMG operates in 143 countries and territories and has approximately 273,000 people working in member firms around the world. Clients look to KPMG for a consistent standard of service based on high-order professional capabilities, industry insight, local knowledge and expertise.
Notification & passporting: Funds must submit core documents—such as the prospectus, KIID, and reports—to host NCAs before marketing; some jurisdictions allow marketing once an acknowledgment is received
Cyprus Finance and Banking

Technology can make EU anti-money laundering supervision more effective, says EBA

EBA published a report on 12 August 2025 on how technology tools (SupTech) can improve the supervision of Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT). The report examines ongoing innovation by EU authorities and how technology can help implement the new EU AML/CFT framework.

Key points:

  • The EU has created a new authority, the AMLA, to coordinate AML/CFT supervision across member states. This change offers a chance to modernise how supervision is done, making it more data-driven and risk-focused.
  • The EBA conducted a survey of national supervisors and hosted a workshop to understand trends, challenges, and best practices in using technology for AML/CFT supervision. issues with data governance.
  • Almost half of the technology tools identified are already in use, with another third under development. These tools help improve data quality, foster collaboration between authorities, and risk identification.
  • Challenges remain, including limited resources, unclear legal rules, and issues with data governance.

The report shows that technology can strengthen AML/CFT supervision across the EU, helping authorities detect risks more efficiently and coordinate better while adapting to the new framework.



Asset Management

ESMA publishes overview of cross-border fund distribution

ESMA published on 21 August 2025 a comprehensive overview of rules for the cross-border distribution of UCITS and AIFs across the EU-27 and EFTA countries (Iceland, Liechtenstein, Norway).

Key highlights:

  • Notification & passporting: Funds must submit core documents—such as the prospectus, KIID, and reports—to host NCAs before marketing; some jurisdictions allow marketing once an acknowledgment is received.
  • Marketing communications: Materials must be clear, fair, and not misleading. Most NCAs review marketing after dissemination rather than through pre-approval.. and highlights jurisdictions differences.
  • Fees & transparency: The overview provides links to national fee schedules
  • Regulatory context: The publication aligns with the CBDF Regulation (EU 2019/1156), complementing UCITS, AIFMD, and PRIIPs frameworks.

This resource is intended as a practical reference for firms planning cross-border fund distribution, while noting that national rules and procedures may still vary.



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The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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