Bybloserve

The European Union has adopted its 21st package of sanctions against Russia, introducing further measures across the financial, energy, trade and shipping sectors, alongside strengthened anti-circumvention provisions.

The latest package has significant implications for businesses operating across borders, reinforcing the need to assess counterparties, transactions and existing compliance frameworks against the evolving EU sanctions regime.

In our latest Legal Update, we examine the key measures introduced under the 21st sanctions package and the principal considerations for businesses.

Read more: https://www.bybloserve.com/en-GB/publications/news/EU-Adopts-21st-Sanctions-Package-Against-Russia-Co/

Is your organisation ready for the AMLR era?

The publication of the Cyprus Bar Association's BWRA Guidelines marks an important milestone in the transition towards the EU's new AML framework.

Business-Wide Risk Assessments will become central to how organisations assess financial crime risks, shape internal controls and demonstrate regulatory compliance.

The period leading up to July 2027 provides an important opportunity to strengthen governance, enhance compliance processes and embed a truly risk-based approach across the business.

Our latest insight highlights the key expectations and practical considerations for organisations preparing for the new regime.

Read more: https://www.bybloserve.com/en-GB/publications/news/Business-Wide-Risk-Assessment-(BWRA)-New-Cyprus-B/

Our Partner, Andriana Efstathiou, participated as a speaker at CYFA's seminars in Nicosia and Limassol, presenting on "Beyond Checklists: AML Risk, Red Flags and AI in Modern Compliance."

The seminar explored practical approaches to AML risk management, identifying meaningful red flags, applying a risk-based approach to compliance, and understanding how AI can support compliance professionals while meeting regulatory expectations.

A special appreciation to Cyprus Fiduciary Association for organising this seminar and fostering an engaging exchange of insights on AML compliance, risk management and emerging technologies.

Cyprus remains one of the most attractive destinations for international business and investment in the region, offering a stable regulatory environment, access to the European market, and a growing innovation ecosystem.

In our latest article, we examine the key drivers behind the country's economic performance, the contribution of foreign investment, and the challenges that must be addressed to ensure sustainable and inclusive growth in the years ahead.

Read more: https://bit.ly/4vAt3MD

Our Managing Partner, Mr. Panicos Andreou, attended Posidonia 2026, one of the world's leading international shipping exhibitions, bringing together key stakeholders from across the global maritime industry.

The event provided an excellent opportunity to engage with industry leaders, explore developments shaping the future of shipping, and strengthen professional relationships within the international maritime community.

Participating in events such as Posidonia allows us to remain closely connected to market developments and industry trends, further enhancing our ability to support clients operating in the shipping, transport, and maritime sectors.

Our Partner Andriana Efstathiou participated as a panelist at the Cyprus Diaspora Forum, joining the discussion panel ‘Cyprus as a Strategic EU Partner Bridging the Mediterranean and Central Asia.’

The discussion explored Cyprus’ strategic role as a gateway for international collaboration and cross-border opportunities, while also addressing the practical considerations surrounding relocation, investment, and doing business in Cyprus. Particular emphasis was placed on the importance of understanding the evolving needs of international families, entrepreneurs, and investors seeking long-term opportunities in the region.

The panel also featured:
Mrs Natalia Kardash (Founder, Successful Business Leader's Club, Vestnik Kypra) - Moderator
Mr Nikolay Zhumakanov (Ambassador of the Republic of Kazakhstan)
Mr Andreas Athinodorou (CEO, ATG Funds)
Mr Andreas Aristeidis ( Doctoral Researcher, University of Cyprus)
Mr Theodoros Loukaidis. (Director General, Research & Innovation Foundation)

We also extend our appreciation to the organisers, Cyprus Diaspora Forum, for hosting a well curated event that fostered meaningful dialogue and brought together leading professionals from across industries and international markets.

The Company Secretary plays a key role in supporting effective corporate governance, maintaining statutory records, coordinating corporate changes, and ensuring that important compliance obligations are properly managed.

At Bybloserve Management, we provide reliable corporate secretarial support, assisting with company updates, essential corporate documentation, and the coordination of board and shareholder meetings. With a proactive and detail-oriented approach, we help simplify corporate administration so our clients can focus on growing their business with confidence.

Read more: https://bit.ly/4nqQt4s

We are proud to share that our Partner, Andriana Efstathiou, and our Associate Alexandra Oikonomou, have been recognised as Mondaq Thought Leaders for Spring Edition.

This recognition reflects their dedication to delivering insightful analysis and meaningful contributions within the fields of corporate and regulatory law, while further strengthening our firm’s commitment to excellence, innovation, and thought leadership in the legal sector.

In our latest insight, we examine how Cyprus law applies the principle of separate legal personality and the limited circumstances in which limited liability may be displaced, whether through judicial veil-lifting or under specific statutory provisions.

Read more: https://bit.ly/4vTArE8

The Central Bank of Cyprus conducts the External Financial Statistics (EFS) Survey to gather data on financial transactions and positions with non-residents.

The information supports key economic indicators, including the Balance of Payments and International Investment Position, and ensures compliance with EU and international reporting requirements.

Timely and accurate reporting remains essential for maintaining the quality and reliability of these statistics.

Read more: https://bit.ly/3QonDFy