-
Indirect Tax
Our experienced VAT specialists are available to assist companies and entrepreneurs of all industries and sizes in meeting their obligations.
-
Direct Tax
We can help you ensure a bespoke balance between tax compliance and effective tax planning for your special circumstances.
-
Privacy and Data Protection
Our digital risk team is made up of a combination of subject matter experts and technical specialists who can help your business comply with the GDPR.
-
Governance, Risk and Compliance (GRC)
While business goals and strategies evolve, our services support you wherever you are in your business cycle. The digital economy is simultaneously increasing the magnitude of new business opportunities while increasing the difficulty of getting it right.
-
ISO 27001 and ISO 27701
Grant Thornton’s ISO 27001 and ISO 27701 specialists will arrange and oversee the formal audit process.
-
SOC 1,2,3
As a service organization there are many ways to provide assurance to your customers and in turn other stakeholders over your control environment. One of the most effective and cost-efficient ways is to issue a Service Organization Control (SOC) Report.
-
Incident Response
Grant Thornton’s Cyber Incident Response Team can support your business in the event of a cyberattack or data loss event. We work alongside your existing IT and Legal teams to provide a co-ordinated, timely and efficient investigation and remediation.
-
Hacking Services
At Grant Thornton, our cyber security experts can develop a bespoke penetration testing plan to meet your business needs and unique IT environment. We can undertake the full suite of testing or conduct individual assessments, as required.
-
Cyber Health Check
Approximately 54% of organizations report that they have experienced at least one cyber-attack during the past year. Grant Thornton’s cyber health check provides you with an objective, jargon-free assessment of your current cyber security, drawing on both qualitative and quantitative elements.
-
Dark Web Threat Intelligence
We use a variety of dark and deep web monitoring tools that continuously scans illegal sites to discover any mention of your data, ranging from breached security credentials such as usernames and passwords to leaked confidential documents of your company.
-
Digital forensics and electronic discovery
We offer a full suite of digital forensics and data acquisition services in investigations related to cybercrime, disputes, fraud and regulatory investigations.
-
Insolvency
If you're facing a time of personal or corporate financial crisis you need advice from someone who listens, who understands your specific issues and deals with them in a supportive and sensitive manner.
-
Crisis stabilisation and turnaround
In periods of financial distress, management teams often face considerable challenges, with many directors having little or no experience of similar conditions.
-
Operational and financial restructuring
Companies challenged by underperformance often need support in identifying options for financial or operational restructuring. Tapping this type of advice helps them create a stable platform for business turnaround.
-
Accelerated M & A
Even fundamentally sound businesses run into difficulties. Cash flow can come under pressure from the loss of a big client, or a dip in performance can threaten a breach of banking covenants if there is insufficient headroom.
-
Life at Grant Thornton
At Grant Thornton Cyprus, we are taking a holistic approach and reimagining the way we work, continually assessing it and making necessary changes to better support our people.
-
In the community
Unlocking the potential for growth in our local communities.
-
Diversity and inclusion
Diversity helps us meet the demands of a changing world. We value the fact that our people come from all walks of life and that this diversity of experience and perspective makes our organisation stronger as a result.
-
Global talent mobility
One of the biggest attractions of a career with Grant Thornton Cyprus is the opportunity to work on cross-border projects all over the world.
-
Learning and development
At Grant Thornton we believe learning and development opportunities allow you to perform at your best every day.
-
Our values
We are a values-driven organisation and we have more than 56,000 people in over 140 countries who are passionately committed to these values.
Firstly, CySEC wants all EEA (European Economic Area) CASP to fill out the form for the purposes of Section 61E(2)(b) of the Prevention and Suppression of Money Laundering and Terrorist Financing Law. The completion of the form acts as notification of intention to register a CASP providing a service in Cyprus.
Secondly, CySEC must be notified of all persons holding a management position, within the meaning of the Prevention and Suppression of Money Laundering and Terrorist Financing law (the “AML/CFT Law”). The list accompanies the application for CASP registration (Form 188-01) and consists of information concerning all persons listed in Annex D thereof. The link to the form can be found here.
Thirdly, CySEC provided a questionnaire for CASP registration application. One may also use the questionnaire to indicate a change in the individuals holding a management position. Furthermore, this form should be completed individually by all persons holding a management position, as well as their related powers and any proxies.
If you intend to be a Crypto Asset Services Provider (“CASP”), that provides services in or from Cyprus, you must formally register with the Cyprus Securities and Exchange Commission (“CySEC”).
If you are a CASP established in the EEA and registered with one or more EEA National Competent Authorities for AML/CFT purposes in relation to all services or activities undertaken or intended to be undertaken in Cyprus (i.e., involving Cypriot residents, including incorporated or unincorporated entities based in Cyprus), you must submit a notification, providing evidence in relation to your valid registration for each service or activity. Where these services or activities are not covered by the framework that governs your registration for AML/CFT purposes, you should apply to be registered as a CASP with CySEC.
Before starting operations in or from Cyprus, new firms must register with CySEC.
Current firms with significant existing crypto-asset activity must apply by the end of October 2021 and be fully compliant with the AML/CFT Law and the Directives issued under the AML/CFT Law.
- Regulatory Framework
- The AML/CFT Law
- The CySEC Policy Statement for the register of crypto asset services providers
- The Prevention and Suppresion of Money Laundering and Terrorist Financing Law of 2007
The regulatory framework includes rules, inter alia, in relation to:
- the CASP recipients' fitness and probity, as well as those in managerial positions
- the terms and conditions of CASP registration
- the needs of the organization and the operations
- performing Know Your Client and other due diligence procedures on clients
- drafting a client's economic profile
- tracing the origins of a client's transactions and keeping track of them
- suspicious transactions must be identified and reported
- conducting a thorough risk evaluation of customers' actions and implementing proportional precautions for each client, activity, and crypto asset in issue.
How we can help
Grant Thornton Cyprus specialized team on Distributed Ledger Technology has thoroughly analysed the recent DLT guidelines to provide the most up-to-date information on regulatory matters relating to crypto assets. If you have any questions on the topics discussed, feel free to contact us directly to find out more details. Our team of experts is ready to assist and help you understand the specifics of legal and regulatory requirements and to concretely consult you in exploring a whole new world of opportunities arising by adopting this innovative technology.
-
George Agathangelou George is the Business Development Director of our distributed ledger technology department. He has served most of his career as an executive for Cyprus Investment Firms and is a holder of CySEC professional competence certificate. He is a founding member and permanent board member of the Cyprus Blockchain Association since 2018. As an international public speaker, George has delivered presentations on distributed ledger technologies and blockchain in numerous countries.