On Sunday 24 March 2013, Cyprus agreed to an aid package of �10 billion from the European Union and the International Monetary Fund.
As a result of the agreed deal, the banking sector of Cyprus will undergo a restructuring as follows:
Banks have been closed for more than a week and are expected to open tomorrow. However, capital controls are expected to be in place in order to avoid a run on the banks.Back to News
Cyprus Self-Managed Alternative Investment Funds with Limited Number of Persons (AIFLNP) - Compliance Calendar Have you ever been in a situation where although you have the competency to perform a task you are unsure what the totality of the task might be? This situation can arise when numerous regulatory requirements are imposed on an organisation and further exacerbated by the almost exponential increase in the velocity of change of these requirements.Read more