Nicosia, Cyprus. The Cyprus Securities and Exchange Commission has alerted regulated entities to strengthened anti-money laundering guidelines and new risk reports, citing data from the Financial Intelligence Unit (Mokas) showing a sharp rise in suspicious transaction reporting and growing cross-border financial activity.
CySEC circular and revised reporting guidance
The regulator said the updated framework, issued through a formal circular, aims to enhance the effectiveness of Cyprus’ system for combating money laundering and terrorist financing, placing greater emphasis on the quality and timeliness of reporting by supervised firms.
CySEC said the revised guidance issued by Mokas focuses on improving how entities submit suspicious transaction reports, suspicious activity reports and additional information files, reflecting the increasing complexity of financial crime risks.
The commission said high-quality reporting is a cornerstone of an effective compliance system and urged firms to integrate the new guidelines into their internal procedures and risk controls without delay.
EU ICT employment rises, Cyprus ranks high on tertiary attainment
Employment in ICT-related fields across the European Union increased during 2025, with Cyprus highlighted for its highly educated workforce in the sector.
According to Eurostat, 3.4 million people were employed in the EU with an education in information and communication technology in 2025, up 5.1 per cent from 3.2 million in 2024.
Cyprus recorded 96.4 per cent of ICT-educated workers holding tertiary qualifications, placing it among the leading EU countries alongside Denmark and France.
Across the bloc, more than seven in ten ICT-educated workers held tertiary degrees, accounting for 74.8 per cent of total employment in the sector.
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What steps is your organisation taking to align its reporting procedures with the updated Mokas guidance?