The Cyprus Securities and Exchange Commission (CySEC) today announced a settlement agreement with Cyprus investment firm (CIF) Fintailor Investments Ltd.
The settlement covers possible violations of the Prevention and Suppression of Money Laundering and Terrorist Financing Law of 2007 (‘the Law’) and the Directive for the Prevention and Suppression of Money Laundering and Terrorist Financing issued by CySEC (‘the Directive’). The investigation for which the settlement was reached, involved assessing the Company’s compliance, for the period 2016-2019.
More specifically, the settlement reached involved the assessment of the company’s compliance with:
- article 58(a) of the Law regarding the application of adequate and appropriate policies, controls and procedures in relation to customer identification and customer due…
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