CySEC Circular C567 – Electronic Submission of the Form of the Monthly Prevention Statement for AML/CFT purposes (paragraph 11 of CySEC’s AML/CFT Directive) via the CySEC’s Transaction Reporting System (‘TRS’) – New Form MPS.

MNK Risk Consulting > Regulatory Developments > CySEC Circular C567 – Electronic Submission of the Form of the Monthly Prevention Statement for AML/CFT purposes (paragraph 11 of CySEC’s AML/CFT Directive) via the CySEC’s Transaction Reporting System (‘TRS’) – New Form MPS.

Relevant to: All Regulated Entities[1]

Circular C567 (“the Circular”) dated 20/04/2023 informs Regulated Entities about the new Form, MPS (‘the Form’) which replaces the existing Form 144-08-11 for the prevention of money laundering and terrorist financing.

Through Circular C567, CySEC wishes to inform all Regulated Entities that from May 2023 (Reporting for April 2023), the Form of the Monthly Prevention Statement (MPS) for AML/CFT purposes, will be submitted via the CySEC’s Transaction Reporting System (‘TRS’).

The key takeaways from CySEC’s C567 circular can be found below:

A. Reporting Requirements

  • All Regulated Entities are required to complete and submit the Form.
  • The first release of the Form, will take place in May 2023 covering the period of 01/04/2023
    – 30/04/2023.
  • Thereafter, the Form must be successfully submitted electronically via the CySEC’s TRS on a monthly basis within 15 days from the end of each month.
  • The steps that Regulated Entities will have to follow, for the successful submission of the Form to the TRS, can be found here.

B. Feedback Files

  • CySEC wishes to inform Regulated Entities that a number of data validation tests, will be carried out and run by the TRS, during submission time and hence, Regulated Entities must expect and ensure to receive a feedback file upon submission.
  • In the case, that all validation tests are passed, the feedback file will contain a NO ERROR indication.
  • The Form is regarded as having successfully been submitted to CySEC, ONLY when a NO ERROR indication feedback file is received.

C. Instructions for the completion of the Form

  • The Form is composed of four Parts:
    • General Info: Information on the Regulated Entity and contact person.
    • Section A: Detailed information on Cash Deposits over €10.000.
    • Section B: Reports submitted regarding the above Cash Deposits.
    • Validation Tests: For the successfully submission of the Form all Validation Tests must be TRUE.

For more detailed instructions of completing General Info, Section A and Section B, please refer to Sections 3.3.1, 3.3.2 and 3.3.3 of this Circular C567.

D. Method of creating and submitting the Form to the CySEC

  • After populating the required Excel fields in the Form, Regulated Entities should name their Excel file in accordance to the following naming convention:
Regulated EntitiesFile Name
ASPsTRS username_yyyymmdd_MPS-ASP
CIFsTRS username_yyyymmdd_MPS-CIF
Mgt CosTRS username_yyyymmdd_MPS-MC
CASPsTRS username_yyyymmdd_MPS-CASP

Should you need more information or assistance with completing the Form, you can email us at info@mnkriskconsulting.com or call us at 25-508201.


[1]Cyprus Investment Firms (CIFs), Administrative Service Providers (ASPs), UCITS Management Companies, Internally managed UCITS, AIFMs, Internally managed AIFs, Internally managed AIFLNPs, Companies with sole purpose the management of AIFLNPs, Small AIFMs under Law 81(I)/2020, Crypto Asset Service Providers (CASPs).