How to prepare the AMLCO Annual Report in 2023

Entities authorised to provide investment, crypto-asset, and payment services are obliged to follow AML Laws and Directives and thus submit an annual AMLCO report to the regulator. The said report discusses how the policies and procedures established, prevent a company from money laundering and terrorism financing (ML/TF).

The Anti-Money Laundering Compliance Officer’s Report (AMLCO) constitutes an annual obligation for entities regulated by the Cyprus Securities and Exchange Commission (CySEC) or the Central Bank of Cyprus (CBC). The report must be submitted to the regulator the latest by the end of March of each year, referencing the company’s activities during the previous calendar year.

Within this commentary the SALVUS Regulatory Compliance team examines the following aspects of the AMLCO Annual Report:

1. Obligation, Purpose & Significance
2. Executive Summary
3. Regulatory Framework
4. Inspections of the AMLCO
5. Communication, Education & Training

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Find the full article here: https://salvusfunds.com/2023/01/24/how-to-prepare-the-amlco-annual-report-in-2023/