See every risk before it sees you.
AML, KYC, sanctions screening, outsourced MLRO, and full-licence applications for Cyprus regulated entities — CIF, AIF, UCITS, EMI, PI. Drafted by Argus-bot, reviewed by Cyprus-qualified compliance officers. Every match, every clearance, every reviewer captured.
Eight sanctions sources. Daily.
Screened against 8 sanctions sources on 2026-05-04 at 09:14 UTC [1]: EU consolidated, UK OFSI, US OFAC SDN, UN Security Council, Canadian, Australian, Swiss, Japanese. Result: no match. PEP screening: no match [2]. Adverse media: 1 historical reference (2018 commercial dispute, settled — informational only). Recommendation: standard CDD. Re-screen in 12 months or on material change.
Audit ref: AI-2026-05-04-#0428 · Sources: opensanctions, world-check, eu-sanctions
Three service lines. One regulator-ready firm.
For obliged entities under AMLD6 + Cyprus AML Law 188(I)/2007.
- Sanctions & PEP screeningPer-customer or bulk; EU, UK, OFAC, UN
- Ongoing monitoringReal-time alerts on list changes
- Enhanced Due Diligence (EDD)High-risk customers + PEPs
- Outsourced MLROFractional or full retainer
- STR / SAR draftingMOKAS-ready, agent-augmented
- Annual independent AML reviewRegulator-mandatory for CIFs
Application, capital structuring, governance, fit & proper.
- CIF — Cyprus Investment FirmCySEC authorisation; full or limited scope; 6–12 month process
- AIF / AIFM — Alternative Investment FundsCySEC AIFM Directive; AIF-LNP, AIF, AIFM, RAIF
- UCITSRetail-distributed undertakings; CySEC-supervised
- EMI — Electronic Money InstitutionCentral Bank of Cyprus; €350k initial capital; PSD2/EMD compliance
- PI — Payment InstitutionCBC-licensed; PSD2 services 1–8 (account, payment, remittance)
- SEMI — Small EMILower threshold; €5M average outstanding e-money
- SPI — Small Payment InstitutionLimited PSD2 scope; lower capital requirement
- Crypto / VASP registrationCySEC crypto-asset service provider regime
After authorisation: the recurring obligations that keep the licence alive.
- Form 144 — quarterly capital adequacyAll CIFs
- Form 165 — annual reportingAll CIFs
- COREP / FINREPEBA prudential reporting
- MiFID II RTS 22 — transaction reportingInvestment firms
- EMIR — derivatives reportingCounterparties to OTC derivatives
- ICAAP / ILAAPCapital + liquidity adequacy
- PSD2 / EMD prudential reportingEMIs and PIs (CBC)
- Risk-management framework buildPre-launch + remediation
Note: internal policy library + workflow tracker for the firm itself (manuals, procedures, deadlines) sits under Oikos (Office Operations). Argus is external-facing risk; Oikos is internal-facing operations. They share data feeds.
From customer onboarding to regulator response — audit-trail intact.
Argus-bot screens
Customer name + jurisdiction + UBO chain go in. The agent runs the screening across 8 sanctions sources, PEP databases, and adverse media. Returns a draft risk assessment with citations to every list checked.
MLRO reviews
A Cyprus-qualified MLRO inspects flagged matches, applies judgement on edge cases, approves or escalates. Decisions are timestamped, named, and immutable in the audit log.
Filed and re-screened
STR/SAR (if required) drafted by the agent, reviewed and submitted by the MLRO to MOKAS. Customer enters ongoing monitoring — re-screened daily, alerted on change.
Subscription for ops. Fixed-fee for projects.
Indicative — fees scoped after intake. Full ongoing reporting (Form 144 / 165 / COREP / FINREP / MiFID II RTS 22 / EMIR) priced per-firm based on transaction volume.
Screen up to 3 entities, no commitment.
Tell us the entity name(s) and jurisdiction. We'll run them through Argus and email back a screening report with provenance. Allow 24 business hours.
Prefer email? argus@fintechisland.com.cy · we respond within 24 business hours.
Ready to engage Argus?
Tell us where you stand — applying for a CIF / AIF / EMI / PI licence, building an AML programme, or looking for an outsourced MLRO. We'll respond within 2 business days with a scoped proposal.