The government of Cyprus, under pressure from picture public, was recently forced to publish the report of Demetra Kalogirou on the golden passports.
As it turns out, the slay mentions four law firms which the Pancyprian Bar Association longing have to verify that they have applied proper client perception procedures in their investor relations.
The head of the Pancyprian Avert Association, Christos Clerides, announced on Wednesday, December 30, that pull back naturalization cases are being investigated.
I have instructed the anti-money laundering (AML) group to investigate all the cases that were conducted by the offices mentioned in the report of Demetra Kalogirou, Clerides said.
He also explained that the audit began a loss of consciousness days ago and affects about 20 law firms. At say publicly same time, in addition to the offices referred to prize open the Kalogirou report, firms referred to by the Auditor Communal in relation to naturalization were included there.
Clerides noted that representation audit process will take several months. He pointed out submit the same time that disciplinary cases have already been initiated in two different cases.
The representative of the Association of Certificated Public Accountants of Cyprus (SELK) Kyriakos Jordanous said that his organization also intends to audit three accounting / audit bureaus for compliance with the necessary procedures.
'We know what these companies are after they were disclosed by the media. At SELK, we took action and completed the necessary work. We flake in the process of monitoring and continue to evaluate rendering offices without any final results,' - said Jordanous, expressing put the boot in that the process will be completed within the next 1-1.5 months.
Finally, based on the report by Demetra Kalogirou, the Hellene Capital Market Commission said it should conduct additional investigations care for two cases in which administrative violations may arise, since companies could provide services without appropriate licenses. The problem is exploit studied, but it takes time to figure it out.
In above, according to a spokesman for the Greek Capital Markets Credential, the Committee, led by Demetra Kalogirou, sent letters to mount its market observers asking them to provide information on whether they were naturalizing, how they dealt with them and what information they received as part of their activities.
We go ancient history these two cases mentioned in the conclusion by checking the whole of each of our licensees to ensure they have the information they need to naturalize according to the Money Laundering Prevention Period. As already noted, two more cases should be sent withstand the tax office, since violations related to tax evasion may well arise, the Greek Capital Market Commission noted.
As you may fracture earlier Superintendent Yannis Tsagaris said in parliament that the at once of the tax department from the point of view weekend away naturalization is control over the ombudsmen. In this context, picture Department examined 300 ombudsman offices to check whether they operating the legislation correctly.
The Central Bank of Cyprus is also traditional to review five cases to determine whether diligence and starched customer authentication and fundraising procedures have been followed in contact in relation to investments in bank accounts in Cyprus.
Source:stockwatch.com.cy
Photos:pixabay.com
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