The Department of Registrar of Companies and Intellectual Property in Cyprus has signed an administrative cooperation agreement with the European Anti-Fraud Office (OLAF) to enhance the fight against fraud and corruption. This move makes Cyprus the sixth EU member state to enter such an agreement, reflecting its commitment to transparency and good governance.

The agreement grants OLAF secure access to crucial information from Cyprus' registers, including the Register of Business Entities and the Central Register of Beneficial Owners. Authorities highlighted that timely access to reliable data is vital for investigating complex cases involving fraud, corruption, and misuse of EU funds.

The signing took place during a workshop in Limassol, which gathered around 100 experts from various EU bodies, emphasizing the importance of digital tools in fraud detection. The agreement is part of Cyprus' broader cooperation through AFCOS, which coordinates national efforts to protect the EU’s financial interests.