Annual compliance fees

Home » News » [05/11/2019] Annual compliance fees

The burden of compliance overhead increases every year due to the ongoing monitoring procedures that our firm is obliged to conduct pursuant to the 4th Anti-Money Laundering Directive EU 2015/849 which has been transposed into the Cyprus National Legislation under the Prevention and Suppression of Money Laundering Activities Law of 2007 (Law No. 188(I)/2007)(the “law”). In light of the above, GEORGE Y. YIANGOU LLC will apply annual compliance charges of €200 (Two Hundred Euros) for every Company’s due diligence review and assessment.  The annual compliance fees will apply for first time in January 2020 and relevant invoice will be issued for settlement.