Irina Otrokhova

Irina Otrokhova

Chief Compliance Officer

Corporate Services

Korpus Prava (Cyprus)

Autors Articles
Disclosure of Information at the BVI: Truth or Dare

For many years already the British Virgin Islands have been one of the most used offshore jurisdictions for the registration of foreign companies. The BVI have always attracted investors as jurisdiction for holding business. One of the main reasons why the BVI are so popular is the high level [...]

Know Your Customer or Why Do We Request So Much Information On You

The KYC procedure is based on the risk estimations as well as basic identity information for customer identification. The companies aim to assess the risk of each individual customer's involvement in illegal activity.

Anti-Money Laundering: How Money Laundering Is Fought in Cyprus

Rendering corporate and fiduciary services in Cyprus is a regulated type of activity, which requires licensing. License for rendering such services is issued by a regulatory authority, Cyprus Security and Exchange Commission (“CySec”).

Are Banks and Businesses Still Friends?

A few years ago, the procedure of opening a bank account for business was not unusual and was not associated with any complex procedures. Relations between businesses and banks were based on trustworthy partnership, but in recent years the world has changed a lot.