Total number of participants: 151
The Cyprus Fiduciary Association (www.cfa.org.cy) organised two (2) independent half-day (4-hours) seminars, titled “Common Reporting Standard (CRS): Framework and Reporting” (16 June, St Raphael Resort, Limassol & 19 June, Cleopatra Hotel, Nicosia).
The seminars were addressed primarily to Compliance Professionals and Directors of Administrative Services Providers, but also to any other ASP employees that had an interest in familiarize themselves with the concept of the Common Reporting Standard and its applications under real life scenarios.
The instructors of the seminar were Mr Anastasios Yiasemides, Board Member (Corporate Services) at KPMG (Cyprus) Ltd and Mr Panayiotis Gregoriades, Assistant Manager (Corporate Services) also at KPMG (Cyprus) Ltd. Upon completion of the seminar, participants were able to identify the impact of CRS in Cyprus and specifically the potential CRS classification of various entities and the respective reporting/disclosure obligations an entity may have.
Moebius Ltd sponsored the events and had the opportunity to make a short presentation on their software, ideal for managing the activities of Fiduciary agents (Administrative Services Providers) and Legal Practices.