Harneys is a full-service offshore law firm offering expert legal advice on the laws of jurisdictions including the British Virgin Islands, Cayman Islands, Luxembourg, and more. Established in 1960, the firm has grown to 11 global locations with over 180 lawyers, serving top law firms, financial institutions, investment funds, and high-net-worth individuals. Harneys provides comprehensive legal support across transactional, contentious, and private client matters, often in collaboration with Harneys Fiduciary, which delivers corporate and wealth management services. Known for its role in shaping offshore jurisprudence, the firm also advises on legislative developments and excels in handling complex cross-border transactions and disputes.
The transition in the EU from the Third to the Fourth AML
Directive has been over 10 years in the making and some would say
overdue. The Directive itself must be implemented by all EU member
states by 26 June 2017. This update examines and comments on the
key innovations under the new directive, in particular the EU's
decision to implement centralised beneficial ownership registers
across the Union and how this will be transposed in Cyprus. It also
examines the more recent EU proposals to amend the new rules under
the so-called 'Fifth' AML Directive.
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.
