cysec
CySEC Warns of Fake Recovery Sites Targeting Fraud Victims
- Cyprus's financial regulator has warned about six fake recovery services targeting individuals who've already lost money to investment scam.
- These malicious sites falsely claim affiliation with CySEC while collecting personal information for further scams.
Tuesday, 29/07/2025 | 06:32 GMT by
Damian Chmiel
CySEC Lowers Deposit Limit Before ID Check: Will It Impact CFD Brokers’ Client Onboarding?
- Firms must verify clients within 15 days or terminate the business relationship.
- The regulator warns firms to avoid overusing delayed verification; funds only freeze if suspicious activity reported.
Wednesday, 09/07/2025 | 10:28 GMT by
Tareq Sikder
Cyprus Regulator Settles with Two FX/CFD Companies for €90,000 Over Potential Compliance Violations
- CySEC reached a settlement with Broctagon Prime over possible violations of client information disclosure rules during 2021.
- At the same time, Exclusive Change Capital paid €40,000 for alleged breaches of organizational requirements.
Thursday, 03/07/2025 | 10:28 GMT by
Damian Chmiel
11 Year Dispute Ends over €705K CySEC Fine Against Marfin Bank’s Former Chairman
- Andreas Vgenopoulos was found responsible for signing inaccurate financial reports and non-compliant prospectuses.
- He died in 2016, but legal proceedings continued through the liquidator of his estate.
Tuesday, 01/07/2025 | 10:22 GMT by
Tareq Sikder
CFDs Brokers Are to Adjust as CySEC Moves Away from Excel Reporting
- Two new circulars for CIFs introduce changes affecting both prudential and quarterly statistics.
- The regulator moves toward XBRL adoption, sets deadlines for new quarterly data submissions.
Friday, 27/06/2025 | 10:22 GMT by
Tareq Sikder
Purple Trading Cyprus Had “Possible” Lapses in Retail CFDs Offering, Pays €150K to CySEC
- The settlement came as CySEC assessed the broker’s compliance from July 2021 until the start of October 2023.
- The regulator found possible violations in five areas, including conflicts of interest with traders.
Monday, 23/06/2025 | 08:12 GMT by
Arnab Shome
Forex Firms, Drug Money, and Cyprus: Mayor’s Allegations Spark CySEC Response
- Paphos Mayor alleges Cyprus-based Forex firms are laundering money for Latin American drug cartels.
- The regulator stresses compliance with EU financial and anti-money laundering laws.
Monday, 02/06/2025 | 21:20 GMT by
Tareq Sikder
Crypto.com Exchange Acquires CySEC-regulated Broker, Plans to Offer CFDs in Q3 2025
- The crypto platform purchased Cyprus-based Allnew Investments to obtain a MiFID license and to offer securities and derivatives across Europe.
- According to the company's product roadmap, CFDs for FX and others could enter the offering in the next few months.
Wednesday, 21/05/2025 | 09:54 GMT by
Damian Chmiel
Admirals Clone Among 14 Unauthorized Sites Flagged by CySEC
- The Cyprus Securities and Exchange Commission has identified potentially harmful investment websites, including a clone of Admiral Markets.
- CySEC urges all investors to verify a firm's regulatory status on its official website before engaging with any investment platform.
Tuesday, 20/05/2025 | 06:18 GMT by
Damian Chmiel
The Regulatory Playbook: Dubai Did It First, But Cyprus Can Still Do It Best
- Cyprus can modernise its fintech rules by adapting Dubai's proven playbook—without breaking EU law or compromising investor protection.
- Rolling reviews, real-time data, and risk-based licensing could cut delays and boost innovation in Cyprus without clashing with EU regulations.
Monday, 05/05/2025 | 09:21 GMT by
Nikolas Xenofontos
EU Finance at a Crossroads: Will You Help on CySEC's Call for Input on Trading, ESMA and AMLA Roles?
- European Commission invites stakeholders to address obstacles in EU financial market integration.
- The consultation seeks feedback on the governance models of ESAs, including ESMA, EBA, EIOPA, and AMLA.
Monday, 28/04/2025 | 11:23 GMT by
Tareq Sikder
Cyprus-Based WeTrade Secures CySEC License, Eyes EU Expansion
- The license grants WeTrade the ability to operate legally across the European Union under EU passporting rights.
- WeTrade also holds a regulatory license from the Financial Services Authority of Saint Vincent and the Grenadines.
Thursday, 17/04/2025 | 16:29 GMT by
Jared Kirui
CySEC Reports €10.1 Billion in AUM as Cyprus-Based Funds Hold 75% Share in Q4 2024
- The regulator supervised 321 fund entities, with most assets managed by AIFMs.
- Key sectors included shipping, which saw €709 million in investments, energy with €496 million, and fintech with €258 million.
Tuesday, 15/04/2025 | 10:49 GMT by
Tareq Sikder
CySEC Informs Firms as EU Commission Targets T+1 Securities Settlement by 2027
- The regulator issued a circular to CIFs, trading venues, and fund managers, outlining the changes.
- At CySEC, a governance structure, including a T+1 committee and workstreams, will be established to manage the transition.
Thursday, 10/04/2025 | 16:36 GMT by
Tareq Sikder
Breaking: CySEC Reaches €200,000 Settlement With Colmex Pro
- "The company has reached a mutually agreed settlement with CySEC, bringing closure to a historical compliance review," the CEO Vassiliou said.
- CySEC cites possible violations related to authorization, client protection, and CFD regulations.
Tuesday, 08/04/2025 | 09:24 GMT by
Damian Chmiel
EU's New Regulations Put Cyprus Financial Firms Under Pressure, Fines Top €2.7M in 2024
- The regulator revoked or suspended seven Cyprus investment firms' licenses due to compliance failures.
- Despite increased scrutiny, Cyprus's financial sector grew in 2024, with 80 new entities authorized.
Tuesday, 11/03/2025 | 13:06 GMT by
Jared Kirui
CySEC Withdraws Royal Forex License: Reinforces CIF Compliance Under EU Regulations
- The announcement confirms the firm voluntarily gave up its authorization under Cyprus law.
- CIFs must comply with SFDR, EU Taxonomy, and MiFID II, ensuring transparency and greenwashing.
Tuesday, 11/03/2025 | 09:22 GMT by
Tareq Sikder
Fake CySEC Officials Resurface as Regulator Urges Investor Caution
- The fraudsters falsely present themselves as CySEC representatives and solicit fees from investors for bogus compensation claims.
- This is not the first time CySEC has warned the public, as similar scams were reported last year involving fraudulent websites and emails.
Wednesday, 05/03/2025 | 15:02 GMT by
Jared Kirui
CySEC Identifies “Areas for Improvement” in Sanctions Screening for Regulated Entities
- Inspections focused on compliance with UN, EU, US, and UK sanctions lists, identifying best practices.
- The Commission emphasizes the importance of internal policies and tools for effective sanctions compliance.
Thursday, 27/02/2025 | 11:08 GMT by
Tareq Sikder
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