Through Circular C556, the Cyprus Securities and Exchange Commission (CySEC) is notifying Regulated Entities about the issuance of a practical guide providing guidance on Sanctions and Restrictive Measures.
The practical guide offers a concise overview of the scope, categories, characteristics, and legal framework of Sanctions and Restrictive Measures. It covers general considerations for understanding and applying these measures, including an analysis of the EU Restrictive Measures against Russia and the corresponding obligations of Regulated Entities. Additionally, the guide provides guidance for preventing sanctions evasion and outlines elements for the development of an effective Sanctions Compliance Program.
It is important to note that CySEC mentions that this practical guide may be subject to updates from time to time.
Source: https://www.cysec.gov.cy/el-GR/Files/AML/94324.aspx/