Cyprus signs cooperation deal with OLAF for access to company registers and beneficial ownership data

Local corruptionLimassolTop News Cyprus signs cooperation deal with OLAF for access to company registers and beneficial ownership data Olaf Kai Ereuna Relevant News Cyprus signs cooperation deal with OLAF for access to company registers and beneficial ownership data 27 June 2026 Saudi media reports allege Muslim Brotherhood-linked networks used north Cyprus as transit hub 27 June 2026 Explosive drone targets Iranian Kurdish opposition camp north of Iraq’s Erbil, security sources say 27 June 2026 Fanis Makrides 27 June 2026 FacebookXWhatsAppEmailPrintViber The Department of Registrar of Companies and Intellectual Property has signed an administrative cooperation agreement with the European Anti-Fraud Office (OLAF), in a move officials say will strengthen the fight against fraud and corruption. The agreement was signed during an event held in Limassol last Tuesday as part of a technical workshop on digital tools to combat fraud. Cyprus is the sixth of the 27 EU member states to sign such an agreement, which is seen by officials as a sign of the country’s commitment to tackling fraud-related risks. Registrar of Companies and Intellectual Property Irene Mylona Chrysostomou said the agreement reinforces the national system for preventing and combating fraud and underlines Cyprus’ commitment to transparency, accountability and good governance. She said OLAF will now have “secure and effective access” to information held in the Department’s registers, including the Register of Business Entities and the Central Register of Beneficial Owners of companies and other legal entities. According to Mylona Chrysostomou, access to timely and reliable data is essential for investigating complex cases involving fraud, corruption, money laundering and misuse of EU funds. She added that the access will strengthen both OLAF’s work and the capabilities of national authorities operating under the Anti-Fraud Coordination Service (AFCOS). She said the agreement forms part of broader cooperation between Cypriot authorities participating in AFCOS Cyprus, the national coordination mechanism for protecting the EU’s financial interests. Through AFCOS, national authorities exchange information, expertise and best practices to improve the prevention and investigation of fraud and irregularities. The workshop brought together around 100 experts from EU member states, the European Public Prosecutor’s Office (EPPO), Europol, Eurojust, the European Court of Auditors and OLAF. Officials, including the head of AFCOS Cyprus and Comptroller General Andreas Antoniades and OLAF Director-General Petr Klement, highlighted the role of digital tools in detecting and preventing fraud and in safeguarding public and EU funds. Subscribe to our Newsletter Latest News Saudi media reports allege Muslim Brotherhood-linked networks used north Cyprus as transit hub Explosive drone targets Iranian Kurdish opposition camp north of Iraq’s Erbil, security sources say 22-year-old arrested in Limassol over motorcycle theft and possession of suspected stolen goods Magnitude 5.4 earthquake strikes Pakistan, EMSC says Cyprus to launch new financing body for SMEs and startups under fast-tracked reform Trump unveils commemorative US passport featuring his portrait for Independence anniversary Venezuela quake toll tops 900, search intensifies for hundreds trapped Follow en.philenews on Google News and be the first to know all the news about Cyprus and the world.