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Michael Kyprianou & Co. presents Lexact Seminar in Cyprus for lawyers, accountants and other professionals. Menelaos Kyprianou, Lambros Soteriou and Ilias Tsintavis presented a seminar for Lexact regarding corporate law and the way professionals in this area should manage their business. The seminar included several topics of interest amongst which were the provision of fiduciary services and the measures a provider must adopt in order to be in compliance with the anti-money laundering legislation, Know Your Client practices to follow and practices to avoid, practical aspects related to the provision of fiduciary services, company types in Cyprus, traditional services offered to Cyprus companies, incorporation and management, Directors' and Secretary's duties, new products and the introduction of the Societas Europaeas and the implications to Cyprus company law, basic tax structures and finally disclosure orders (Norwich Pharmacal order). Michael Kyprianou & Co. participates at the first anti-money laundering seminar in Cyprus

Menelaos Kyprianou, managing partner of the law firm of Michael Kyprianou & Co. chaired the first annual anti-money laundering seminar in Cyprus held on the 24/11/2008 at the Hilton Hotel Nicosia. Menelaos Kyprianou contributed to this seminar under a dual capacity, as a lawyer in a leading Cyprus law firm as well as under his capacity of being a member of the Cyprus Securities and Exchange Commission.

The seminar, organised by GP Global Limited, consisted of presentations by key figures in the industry involving speakers from FBME Bank, Bank of Cyprus, Marfin Popular Bank, Pricewaterhouse Coopers and DeutcheBank.

Lambros Soteriou, corporate partner in the firm delivered an important presentation on the anti-money laundering legislation and on the judicial developments on the matter in order to offer the participants the possibility to know the key provisions of the law, as well as to promote the understanding of the law through explaining how it has been interpreted judicially in practice. Furthermore, the presentation delivered a practical account of the measures which the authorities have available in relation to combating money laundering and their implications on the industries involved.

The seminar attracted an audience from all the major participants in the field of commercial and investment activities industries as well as banks and financial institutions.