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NEWS & LEGAL UPDATES
EU Sanctions Debrief - 11th -13th Packages
The European Union (EU) continues to adopt further packages of economic sanctions against Russia due to the continuance of its military...
Navigating the EU sanctions - a debrief of the 6-10th packages
Sanctions adopted following Russia’s military aggression against Ukraine. In reaction to Russia’s military intervention against Ukraine...
REPORTING OBLIGATION UNDER ARTICLE 5R OF COUNCIL REGULATION (EU) 833/2014 (“Regulation 833”)
The EU’s 12th sanctions package (Dec 2023) introduced Article 5r of Regulation 833/2014, requiring EU entities with over 40% Russian ownership to report quarterly transfers above €100,000 out of the EU (from 1 May 2024). EU credit and financial institutions must report such transfers semi-annually (from 1 July 2024). Reports use an EU template. Breaches risk fines or imprisonment, with Member States and the Commission reviewing compliance by Dec 2024.
EU Sanctions Compliance: Guidance Through Regulatory Challenges
MPC Legal helps businesses navigate the evolving EU sanctions landscape with tailored compliance services. We provide risk assessments, legal consultation, sanctions screening, and due diligence. Our team drafts and reviews contracts with protective clauses, delivers employee training, and assists with regulatory inquiries. We also offer ongoing monitoring and compliance audits to ensure alignment with EU rules, minimizing risk and safeguarding operations in complex internati
EU SANCTIONS
Sanctions adopted following Russia’s military aggression against Ukraine. In reaction to Russia’s military intervention against Ukraine...
''The novel registration of Crypto-Assets Service Providers in Cyprus'' published on LEGAL 500.
Click on the link below to read our Article on Crypto-Assets Service Providers on LEGAL 500: https://www.legal500.com/developments/though...
Registrar of Companies Announcement for the extension of the Annual Levy Payment
The Department of Registrar of Companies in Cyprus announced on the 27th of December 2021 that, based on the decree published by the...
UK businesses operating under the Temporary Permission Regime: A CySEC Policy Statement
The 187-04 Directive amendment On the 14th of December 2021, the Cyprus Securities and Exchange Commission (‘’CySEC’’) has issued a...
New incentives for Companies setting up and operating in the Republic of Cyprus
On 15 October 2021, the Ministry of Finance announced new incentives in the form of an action plan for the purpose of encouraging more...
DAC6: New mandatory disclosure regime for Intermediaries and their clients
The Directive (EU) 2018/822, also called DAC6, represents the 6th modification of the Directive 2011/16/EU on Administrative Cooperation...
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