The Cyprus Securities and Exchange Commission (CYC) imposed a fine of 3,500 euros on Exelcius Prime Ltd.
The decision, which was announced today, was taken at a meeting of the Greek Cypriot Council held on 17 June 2024.
The fine results from the company’s non-compliance with:
- Article 58(d) of the Law on the Prevention and Suppression of Money Laundering and the Financing of Terrorism and paragraph 6 of the Directive on the Prevention and Suppression of Money Laundering and the Financing of Terrorism (Directive 157/2019) (” the Directive”)
- Article 58(i) of the Law and paragraph 10(3) of the Directive, and
- Paragraph 5 point d) of the directive.
The EKK website indicates that the company is under review for a voluntary relinquishment of authorization.
Exelcius Prime was formerly known as Copydo Social Investment Network Ltd. The company operates through several websites: www.exelciusprime.com; www.1market.eu; www.1market.hu.
