+357 99 141822
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info@apafios.com
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Mon - Fri 09:00-17:00

AML & Compliance Cyprus

AML and Compliance Services in Cyprus

A complete AML file must show who the client and beneficial owners are, why the relationship makes sense, where wealth and transaction funds come from and how risk will be monitored.

We support businesses with practical onboarding and file-review procedures based on verifiable evidence. Missing information is identified clearly rather than replaced with assumptions.

Our AML and compliance support

  • Customer and beneficial-owner identification
  • Ownership and control mapping
  • Client and engagement risk assessments
  • Source-of-wealth and source-of-funds review
  • PEP, sanctions and adverse-media screening records
  • Policy, checklist and onboarding-file review
  • Ongoing monitoring schedules

Who this service is for

The service is designed for Cyprus businesses needing structured due diligence and documented risk-based controls.

  • Corporate and professional-service businesses
  • Businesses with international customers or ownership
  • Firms reviewing historic client files
  • Companies with higher-risk markets or payment patterns

How we work

1. Risk review

The business model, clients, jurisdictions, delivery channels and controls are assessed.

2. Evidence standard

Identity, ownership, business, wealth and funds documents are defined by risk.

3. File completion

Evidence is reviewed, gaps are listed and screening records documented.

4. Monitoring

Review frequency, triggers, escalation and record retention are placed on a workable schedule.

Connected services

Frequently asked questions

What is the difference between source of wealth and funds?

Source of wealth explains accumulated wealth; source of funds explains the money used in a specific transaction.

Is a passport enough?

No. Identity evidence does not establish ownership, control, business rationale, wealth or transaction funds.

How often should files be reviewed?

Frequency should reflect risk and be triggered by material changes, unusual activity or expired evidence.

What if evidence is unavailable?

Risk and legal requirements must be assessed; the relationship should not proceed on unsupported explanations.

Discuss your requirements

Describe the business, customer types, jurisdictions, onboarding volume and current procedures.

Contact our Limassol office or call +357 99 141822.