**CySEC Issues Reporting Requirements for Regulated Entities Ahead of AMLA Oversight**
The Cyprus Securities and Exchange Commission (CySEC) has announced an urgent directive mandating all regulated entities to provide specific information to facilitate the identification of firms for future direct supervision by the Anti-Money Laundering Authority (AMLA). This directive marks a significant preparatory step as the first selection cycle for entities to fall under AMLA's direct oversight is set to commence in 2028.
The directive encompasses a wide range of regulated entities, including investment firms, crypto-asset service providers, and various collective investment management companies that held authorization as of December 31, 2025. Notably, entities that were authorized by this date but have yet to commence operations are also required to comply with the reporting requirements.
To fulfill the directive, firms must download a standardized reporting template available on the AMLA website. The information submitted should cover the reporting period from January 1, 2025, to December 31, 2025. The completed template must be submitted via email to the CySEC risk statistics department by the deadline of Friday, June 26, 2026.
George Theocharides, Chairman of CySEC, has underscored the critical nature of adhering to this deadline. He cautioned that failure to comply with the submission requirements in a timely and accurate manner could lead to administrative penalties under relevant national legislation. CySEC has also indicated that it will not issue reminders to firms that fail to submit their documentation on time, emphasizing the importance of self-management in this process.
In an effort to assist firms during this transition, AMLA is organizing a webinar on June 10, 2026. This session aims to provide a practical walkthrough of the reporting tools and interpretative notes related to the submission process. It is open to all interested participants and is designed to ensure a comprehensive understanding of the requirements for the upcoming selection exercise.
Firms have been advised to submit any inquiries regarding the completion of the reporting template in writing to a designated email address by June 19, 2026. This proactive approach aims to clarify any uncertainties and facilitate a smoother reporting process for all regulated entities.
As the regulatory landscape continues to evolve, these new reporting requirements reflect a broader commitment to enhancing oversight and compliance within the financial sector in Cyprus. The move is expected to strengthen the framework for combating money laundering and ensuring that firms operate within the established legal parameters.
Overall, the directive from CySEC signals a pivotal moment for regulated entities in Cyprus, as they prepare for increased scrutiny and oversight in the coming years. With the deadline for submissions approaching, firms are urged to prioritize compliance to avoid potential penalties and to contribute to a more transparent financial environment in Cyprus.