CHANGES TO THE LEGISLATION On 6 December 2024, the Prevention and Combating of Money Laundering (Amendment) (No. 2) Law of 2024 with number L.141(I)/2024 was published, introducing the below amendments: 1. The penalties for the omission or neglection of the filing / annual confirmation of the UBO Register will only be applicable to the legal…
The financial services industry has long operated in an environment of evolving accounting and regulatory requirements. While IFRS 9 has now become embedded in financial reporting frameworks, recent developments and the introduction of IFRS 18 are prompting financial institutions to revisit not only their accounting policies, but also how they communicate performance to investors and…
Date: Thursday 26th February Time: 11:00am – 12:00pm Due to the recent ruling from the Supreme Court, we would like to invite you to attend our joint webinar, Supreme Court Ruling on US Tariffs – What companies need to know, where our experts will break down the ruling, its implications, and what steps businesses should…
Savvas Klitou, Regional Managing Partner and Head of Tax Services at Baker Tilly, analyses the weaknesses exposed by recent crises, the strategic challenges beyond 2025, and the new directions required for the Professional Services sector to achieve sustainable growth. FIVEFOLD RESILIENCE WITH AN EMPHASIS ON STRUCTURAL CHANGE Climate change is increasingly burdening the global…
ATA Carnets are entering a new digital era. With eCarnets being rolled out globally from 2026, businesses need to understand how the move from paper to app-based carnets will change international movements, and how to prepare.A major transformation is underway in the world of ATA Carnets. After more than 60 years of paper-based processes, the…
As the global maritime community gathered at Posidonia 2026, discussions extended well beyond vessels and technology. The industry’s agenda is increasingly shaped by sustainability requirements, access to finance, digital transformation, evolving governance expectations and an increasingly complex regulatory environment. Shipping companies today face simultaneous pressures: compliance with environmental regulations, securing funding for fleet renovation, managing…
Since mid-February, the outbreak of foot-and-mouth disease has posed a significant economic challenge to Cyprus’s livestock and agricultural sector, as well as to the broader economy. Following the identification of the first cases on the island, the Government activated an Emergency Response Plan and proceeded with the implementation of targeted containment measures. Key measures included quarantines in affected areas, restrictions on the movement…
Automotive On Thursday 8th May, 2025 the European Parliament adopted a targeted change to CO2 emissions performance standards for new cars and vans. The amendment was passed with 458 votes for, 101 against and 14 abstentions. Why was a change necessary? Following consultation and discussion (launched by European Commission President Ursula von der Leyen…
How world events are flowing into financial statements Geopolitical developments, trade policy shifts and structural changes in energy demand are no longer background noise. Even where an entity has no direct exposure to a specific country, contract or supply route, the secondary and tertiary effects of global events are now filtering rapidly into financial results…