ICPTE Blog
News & Resources
Real estate Red flags
Identifying red flags in real estate transactions is crucial for detecting potential money laundering activities. Here are some common red flags to be aware of…
Money Laundering in real estate in Cyprus
Money laundering in real estate is a significant concern in Cyprus, as it is in many other countries. The nature of real estate transactions, involving large sums of money and complex financial…
GDPR and online transactions
The needs of consumers have always been what’s drive evolution in commerce. The popularity of e-commerce has exploded in last years. E-commerce is one of the most popular ways that people
Understand Personal Data Protection
The GDPR applies to all Member States of the European Union (EU) and countries in the European Economic Area (EEA). It protects the personal data of EU citizens and residents and applies to all
Increase in online education in the EU in 2023
In 2023, 30% of EU internet users aged 16 to 74 reported that they had done an online course or used online learning material in the three months prior to the survey. This is a 2 percentage point
Processing of employees’ personal data
Regulation EU 2016/679 (General Data Protection Regulation or simply “GDPR”) entered into force and applies from the 25th of May 2018. GDPR is a set of rules relating to the protection of natural persons
Top benefits of self-paced online learning
In 2016, the EU adopted the Regulation (EU) 2016/679 (General Data Protection Regulation {GDPR}). It replaces the 1995 Data Protection Directive (Directive 95/46/EC) which was adopted at a time when
How to collect a valid Consent under GDPR
In 2016, the EU adopted the Regulation (EU) 2016/679 (General Data Protection Regulation {GDPR}). It replaces the 1995 Data Protection Directive (Directive 95/46/EC) which was adopted at a time when
Financial Action Task Force (FATF) plenary 21-23 June 2023
FATF reiterates that all jurisdictions should be vigilant to current and emerging risks from the circumvention of measures taken against the
Indicators to be considered for each identified risk factor
The Licensed Firm should assess and measure the level of risk based on the following risk factor indicators: Client risk, Service/transaction
How to identify risk
Risk assessments should assist Firms to understand their exposure to ML/TF risk and identify and prioritize the areas which focus should be placed in order to combat ML/TF. The risk areas that arise
Clients from high-risk third countries
High risk third countries include any country which is widely known to face strategic deficiencies, problems of bribery, corruption and financial irregularity and whose laws and regulations for