With the constant strengthening of AML regulation and enhancing transparency around the globe, the Seychelles has already enacted the Beneficial Ownership (BO) Act 2020, which entered into force on 28 August 2020, along with the BO Regulations 2020. The purpose of the Act is threefold: to provide for the identification and verification of beneficial ownership of legal persons and legal arrangements, to establish and maintain up-to-date registers of beneficial owners and a centralised database, and related matters.

Located on the coastline and in the pristine, sought-after area of Coral Bay, Paphos, Leptos Estates’ five-star, and award-winning Coral Seas Villas is a show-stopping development featuring high-end facilities with awe-inspiring views of the Mediterranean.

Cyprus and the US have signed a Memorandum of Understanding concerning cooperation in science and technology in the context of developing synergies across the full spectrum of bilateral relations.

Public hospitals are fully prepared to handle a possible second coronavirus wave, spokesman of state health services organisation Okypy Charalambos Charilaou said on Tuesday after complaints by nurses’ union Pasyno of the opposite.

The construction industry is on firmer foundations as building permits picked up in July following the fallout from coronavirus lockdown introduced to stem the spread of COVID-19.

VTT Vasiliko, the Dutch-controlled international energy trader playing a key role in developing the Vasiliko energy hub since 2014, has two more storage projects in the pipeline worth about €150 million.

The government is mulling rolling out a new programme from scratch to attract foreign investment, albeit a different one to the controversial passport scheme that crashed and burned following the recent reveals by Al Jazeera.

Bathers at popular Ayia Napa beaches will be able to pay by credit card for umbrellas and sun beds as of 2021, according to a written announcement by the Municipality on Tuesday.

Cyprus inbound and outbound passenger traffic fell by more than 80% in September, the statistical service Cystat announced on Monday.

The European Union needs to come up with a strategy to counter disinformation about 5G technology or risk false claims derailing its economic recovery and digital goals, said a group of 15 countries including Cyprus, Greece, Finland and Sweden.