PRESS RELEASE: New Memorandum of Understanding with CCCI
- Cyprus Compliance Association
- Jul 30
- 2 min read
The Cyprus Compliance Association and Cyprus Chamber of Commerce & Industry Enter into a Strategic Partnership
A Dynamic Collaboration Begins: Strengthening Business Compliance and SME Support
The MoU was signed on July 28, 2025 by Mrs. Andrea Moundi Savvides, Chair of the
CCA and Mr. Stavros Stavrou, President of Cyprus Chamber of Commerce & Industry, with the Board Representatives from both organisations present for the signing ceremony at the CCCI headquarters in Nicosia. Both parties emphasized the importance of collaboration in advancing regulatory compliance, education, and the resilience of Cypriot businesses.
The aim of the MoU is to strengthen cooperation between the two organisations through joint actions and initiatives. These include education and training on regulatory compliance, support services for compliance-related matters, networking and knowledge exchange, information sharing, and collaborative participation in events between the CCCI and CCA.
Furthermore, the partnership aspires to create a supportive framework for SMEs to effectively navigate regulatory challenges, while enhancing their sustainability and competitiveness.
During the signing ceremony, the President of the CCCI Mr. Stavros Stavrou stated:
"Through our collaboration with the Cyprus Compliance Association, we are equipping businesses with the tools and knowledge they need to adapt, comply, and thrive in a demanding regulatory landscape — all while reinforcing the credibility of the wider business ecosystem."
Honorary President of the CCA, Mr. Marios Skandalis, added:
"This Memorandum is a pioneering initiative — not to promote the compliance profession in isolation, but to bolster and further strengthen the resilience of business activity in Cyprus. This groundbreaking MoU establishes a common language between compliance professionals, businesses, and the public — enabling practical solutions to shared challenges and acting as a catalyst for the smooth operation of businesses and the attraction of sustainable investment."
CCA President, Mrs. Andrea Moundi Savvides, concluded:
"The signing of this Memorandum marks only the beginning — a beginning built on shared values, a shared philosophy, and a shared vision: a vision for a stronger, more resilient, and more responsible business environment in Cyprus. Compliance is not a hindrance — it is a catalyst for trust and growth across the entire business ecosystem."
About the CCA
CCA is a non-profit organisation and professional association dedicated to promoting compliance and ethics in business, professional growth and development of its members and the industry as a whole. Founded in 2024, the CCA is at the forefront of the GRC sector development and it will be providing leadership, resources, and support to its members.
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