Cyprus: Fin Tech

Financial technology ("FinTech") has had an unprecedented increase in this generation. However, with that, it has also introduced unique and significant anti-money laundering ("AML") risks. This is mostly due to its rapid speed, digital nature and at times, unmonitored global reach.

Extension of losses c/fwd, increase in entertainment expenses, increases in some penalties and amendments to stump duties.

On 10 July 2025, Cyprus launched the National Sanctions Implementation Unit, known as NSIU (in Greek: EMEK – Εθνική Μονάδα Εφαρμογής Κυρώσεων)...