meta_id 3262699

On June 23, 2026, the Cyprus Securities and Exchange Commission (CySEC) suspended the operating licence of Mind Money Limited, a Cyprus investment services provider (LEI 549300OBDWYLEP2V5I94), licence number 115/10. The suspension was issued under Article 10(1) of Directive OD87-05 on Suspension and Revocation of Operating Licences. CySEC suspended the licence due to suspected non-compliance with Article 22(1) of the Investment Services and Activities and Regulated Markets Law of 2017. The regulator identified four areas of non-compliance: conducting activities not authorised under the licence; failing to notify CySEC of changes to the board of directors; failing to maintain two persons actively managing the business; and concerns regarding the suitability of a shareholder. CySEC determined that these potential breaches posed risks to customer protection and threatened the proper functioning and integrity of the market. During the suspension period, Mind Money Limited is prohibited from providing or exercising investment services or activities, entering into new business relationships, accepting new clients, or advertising itself as an investment services provider. The company must comply with the suspension conditions outlined in Article 9 of Directive OD87-05. However, existing clients may request that the company complete outstanding transactions and return all funds and financial instruments belonging to them, provided such actions do not violate the suspension provisions. Mind Money Limited has one month from June 23, 2026, to take the necessary steps to achieve compliance with the identified provisions. The company may appeal this decision in accordance with applicable procedures.