CySec announced revocation of administrative sanctions 

Cyprus Securities and exchange commission (cysec)

The Cyprus Securities and Exchange Commission (CySec) has issued today an announcement to inform that:

Following a previous announcement dated 8 June 2017, the Board of the Commission would like to inform the public that, on its meeting dated 17 July 2017, has decided, for procedural reasons, to revoke its Decision of 13 February 2017 for the imposition of administrative sanctions to Mr. Amr Jamal Mohamed Hendawi and more specifically:

(i) for the imposition of an administrative fine of €50.000,

(ii) for the prohibition to exercise professional activity related to the financial sector for a period of five (5) years,

and to re-examine the particulars relating to that person.

Source: CySec – Decision 07-20-2017 for revoking the administrative sanctions


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