1. Customer due diligence
We identify and verify every client, director, shareholder and ultimate beneficial owner before establishing a business relationship, and understand the nature and purpose of that relationship.
2. Risk-based approach
Clients are risk-rated. Enhanced due diligence applies to politically exposed persons, high-risk countries and complex structures.
3. Source of funds and wealth
We may request evidence of source of funds and source of wealth at any time.
4. Ongoing monitoring
We monitor relationships and update KYC documentation periodically.
5. Reporting
We report suspicious activity to the Unit for Combating Money Laundering (MOKAS) and may not inform the client of such reports.
6. Refusal of business
We do not accept clients involved in sanctioned activities or jurisdictions, or who cannot provide satisfactory due diligence.
Last updated: November 2026. This template should be reviewed by a Cyprus advocate before publication.