Our Senior Associate, Stavroulla Nicolaou, has authored an insightful article analysing the practical implications of the EU Artificial Intelligence Act (Regulation (EU) 2024/1689) and what businesses in Cyprus must do to ensure timely compliance.
Artificial Intelligence is now embedded in everyday business operations — from recruitment and credit scoring to compliance monitoring and predictive analytics. However, with innovation comes responsibility. The EU AI Act, already in force across Member States, introduces a structured regulatory framework with significant obligations and strict penalties for non-compliance.
In her article, Stavroulla outlines:
The key provisions already in effect, including prohibited AI practices and transparency requirements
The obligations applicable to General-Purpose AI systems
The critical 2 August 2026 deadline for full compliance for high-risk AI systems
The intersection of the AI Act with GDPR and anti-discrimination legislation
The practical steps businesses must take, including human oversight, documentation, risk management and record-keeping
She emphasises that compliance is no longer optional. Companies using AI systems that affect employees, customers or clients must act now to assess whether their tools fall within the “high-risk” category and implement the necessary safeguards.
Early preparation not only mitigates regulatory and reputational risk but can also transform compliance into a strategic advantage.
Click here below to download the full article.
Our legal team is available to assist your organisation in assessing AI-related risks and implementing the necessary measures to ensure full compliance with the EU AI Act and GDPR requirements.
