The Cyprus Securities and Exchange Commission (CySEC) has suspended the licence of Cyprus Investment Firm Mind Money Limited due to suspected regulatory breaches and concerns over client protection and market integrity. The suspension, under Directive DI87-05, is linked to alleged violations of investment services law and failures to comply with licence conditions.

CySEC cited specific issues including the company's engagement in activities beyond its authorised scope, failure to notify changes in its board of directors, and concerns regarding the suitability of a shareholder. The regulator highlighted risks these breaches pose to clients and the overall market.

Mind Money Limited is barred from providing investment services, accepting new clients, and advertising while the suspension is active. The company has one month to address the issues identified. However, it may complete ongoing transactions per client instructions and return client funds without breaching regulations.