On 18 June 2021, the Cyprus Securities and Exchange Commission (CySEC), pursuant to Article 61C of the Prevention and Suppression of Money Laundering and Terrorist Financing Law of 2021 (AML Law), issued a Directive (Regulatory Administrative Act 257/2021) which provides information and guidance in relation to the registration of express trusts and similar legal arrangements in a new register of Cyprus trusts.
Read our briefing note for more information.