Enhanced global due diligence services

The provision of services for: the conduct of enhanced global due diligence on persons or entities applying for a license with or approval by the Commission and on other relevant associates or individuals, to verify its or their identity, background, financial history, and sources of wealth and assess the relevant …

CPV: 79400000 Business and management consultancy and related services
Place of execution:
Enhanced global due diligence services
Awarding body:
Cyprus Gaming and Casino Supervision Commission
Award number:
01-2024

1. Buyer

1.1 Buyer

Official name : Cyprus Gaming and Casino Supervision Commission
Legal type of the buyer : Body governed by public law
Activity of the contracting authority : General public services

2. Procedure

2.1 Procedure

Title : Enhanced global due diligence services
Description : The provision of services for: the conduct of enhanced global due diligence on persons or entities applying for a license with or approval by the Commission and on other relevant associates or individuals, to verify its or their identity, background, financial history, and sources of wealth and assess the relevant risk for corruption, terrorism, money laundering, political sanctions, and their reputation. It is estimated that the total number of the required enhanced due diligence reports will be circa 6 for the first year, 6 per year for the second year, 5 for the third year and 5 for the fourth year of the Framework Agreement. However, it is stressed that the actual purchases under this framework agreement will depend on the actual needs arising and the available budget. Cost to be initially covered by the Commission and reimbursed by applicants.
Procedure identifier : 07003584-bf58-4af0-8a51-df5b77c900ae
Previous notice : 9dc55fc3-ccea-48a3-bc9f-1eedd039f111-01
Internal identifier : 01-2024
Type of procedure : Open
The procedure is accelerated : no

2.1.1 Purpose

Main nature of the contract : Services
Main classification ( cpv ): 79400000 Business and management consultancy and related services

2.1.2 Place of performance

Country subdivision (NUTS) : Κύπρος ( CY000 )
Country : Cyprus

2.1.3 Value

Estimated value excluding VAT : 1 Euro
Maximum value of the framework agreement : 1 Euro

2.1.4 General information

Legal basis :
Directive 2014/24/EU

5. Lot

5.1 Lot technical ID : LOT-0001

Title : Enhanced global due diligence services
Description : The provision of services for: the conduct of enhanced global due diligence on persons or entities applying for a license with or approval by the Commission and on other relevant associates or individuals, to verify its or their identity, background, financial history, and sources of wealth and assess the relevant risk for corruption, terrorism, money laundering, political sanctions, and their reputation.
Internal identifier : 01-2024

5.1.1 Purpose

Main nature of the contract : Services
Main classification ( cpv ): 79400000 Business and management consultancy and related services

5.1.2 Place of performance

Country subdivision (NUTS) : Κύπρος ( CY000 )
Country : Cyprus
Additional information :

5.1.5 Value

Estimated value excluding VAT : 1 Euro

5.1.6 General information

Procurement Project not financed with EU Funds.
The procurement is covered by the Government Procurement Agreement (GPA) : yes

5.1.10 Award criteria

Criterion :
Type : Quality
Description : Best Price-Quality Ratio
Description of the method to be used if weighting cannot be expressed by criteria : As described in the Contract Documents

5.1.12 Terms of procurement

Information about review deadlines : 1. Every interested economic operator who has or had an interest in being awarded the Contract and who has sustained or is likely to sustain a loss as a result of an act or decision of the Contracting Authority which precedes the signature of the Contract and for which it is alleged that it violates any provision of the legislation in force, has the right to file a recourse to the Tenders Review Authority in accordance with the provisions of the Law on the Review Procedures concerning the Award of Public Contracts of 2010 (Law 104(I)/2010). 2. To file a recourse to the Tenders Review Authority, the applicant must pay a non-refundable fee which is deposited into the General Government Account. More details are given in the Website of the Tenders Review Authority ( www.tra.gov.cy ) 3. Regarding the manner and procedure for filing recourses, the manner in which these are examined and the procedure for the issue of the relevant rulings, the provisions of the Law on the Review Procedures concerning the Award of Public Contracts of 2010 (Law 104(I)/2010) shall apply.

5.1.15 Techniques

Framework agreement :
Framework agreement, with reopening of competition
Information about the dynamic purchasing system :
No dynamic purchase system

5.1.16 Further information, mediation and review

Review organisation : Tenders Review Authority
Information about review deadlines : 1. Every interested economic operator who has or had an interest in being awarded the Contract and who has sustained or is likely to sustain a loss as a result of an act or decision of the Contracting Authority which precedes the signature of the Contract and for which it is alleged that it violates any provision of the legislation in force, has the right to file a recourse to the Tenders Review Authority in accordance with the provisions of the Law on the Review Procedures concerning the Award of Public Contracts of 2010 (Law 104(I)/2010). 2. To file a recourse to the Tenders Review Authority, the applicant must pay a non-refundable fee which is deposited into the General Government Account. More details are given in the Website of the Tenders Review Authority ( www.tra.gov.cy ) 3. Regarding the manner and procedure for filing recourses, the manner in which these are examined and the procedure for the issue of the relevant rulings, the provisions of the Law on the Review Procedures concerning the Award of Public Contracts of 2010 (Law 104(I)/2010) shall apply.
Organisation providing additional information about the procurement procedure : Cyprus Gaming and Casino Supervision Commission
Organisation providing offline access to the procurement documents : Cyprus Gaming and Casino Supervision Commission

6. Results

Maximum value of the framework agreements in this notice : 1 Euro
Approximate value of the framework agreements : 1 Euro

6.1 Result lot ldentifier : LOT-0001

At least one winner was chosen.
Framework agreement :
Maximum value of the framework agreement : 1 Euro
Re-estimated value of the framework agreement : 1 Euro

6.1.2 Information about winners

Winner :
Official name : Kreller Business Information Group, Inc.
Tender :
Tender identifier : 000120860
Identifier of lot or group of lots : LOT-0001
Subcontracting : No
Contract information :
Identifier of the contract : 91267
Date on which the winner was chosen : 19/04/2024
Date of the conclusion of the contract : 14/02/2025
Winner :
Official name : Infocredit Group Ltd
Tender :
Tender identifier : 000120956
Identifier of lot or group of lots : LOT-0001
Subcontracting : No
Contract information :
Identifier of the contract : 91265
Date on which the winner was chosen : 19/04/2024
Date of the conclusion of the contract : 13/02/2025
Winner :
Official name : C.P. Advisory and Associates LTD
Tender :
Tender identifier : 000121041
Identifier of lot or group of lots : LOT-0001
Subcontracting : No
Contract information :
Identifier of the contract : 91266
Date on which the winner was chosen : 19/04/2024
Date of the conclusion of the contract : 07/04/2025

6.1.4 Statistical information

Received tenders or requests to participate :
Type of received submissions : Tenders submitted electronically
Number of tenders or requests to participate received : 10

8. Organisations

8.1 ORG-0001

Official name : Cyprus Gaming and Casino Supervision Commission
Registration number : 18619
Postal address : Thaleias 3, 1st Floor
Town : LEMESOS
Postcode : 3011
Country subdivision (NUTS) : Κύπρος ( CY000 )
Country : Cyprus
Contact point : Chrysostomides Constantinos
Telephone : +357 25573808
Internet address : www.cgc.org.cy
Information exchange endpoint (URL) : https://www.eprocurement.gov.cy/epps
Roles of this organisation :
Buyer
Organisation providing additional information about the procurement procedure
Organisation providing offline access to the procurement documents

8.1 ORG-0002

Official name : Kreller Business Information Group, Inc.
Size of the economic operator : Micro, small, or medium
Registration number : 31635
Postal address : 817 Main Street, Suite 300
Town : Cincinnati
Postcode : 45202
Country : United States
Contact point : Scott Shaffer
Telephone : +1 513-675-2835
Internet address : https://www.kreller.com/
Information exchange endpoint (URL) : https://www.eprocurement.gov.cy/epps
Roles of this organisation :
Tenderer
Winner of these lots : LOT-0001

8.1 ORG-0003

Official name : Infocredit Group Ltd
Registration number : 11532
Postal address : 5A Hadgigeorgiou Philippou
Town : Nicosia
Postcode : 2006
Country subdivision (NUTS) : Κύπρος ( CY000 )
Country : Cyprus
Contact point : Nicos Ioannou
Telephone : +357 22398000
Internet address : https://infocredit.com.cy/
Information exchange endpoint (URL) : https://www.eprocurement.gov.cy/epps
Roles of this organisation :
Tenderer
Winner of these lots : LOT-0001

8.1 ORG-0004

Official name : C.P. Advisory and Associates LTD
Size of the economic operator : Micro, small, or medium
Registration number : 31503
Postal address : 30 Georgiou Anastasiou
Town : Agios Andreas, Nicosia
Postcode : 1107
Country subdivision (NUTS) : Κύπρος ( CY000 )
Country : Cyprus
Contact point : Christos Pigasiou
Telephone : +357 99413413
Internet address : https://cpigasiou.com/
Information exchange endpoint (URL) : https://www.eprocurement.gov.cy/epps
Roles of this organisation :
Tenderer
Winner of these lots : LOT-0001

8.1 ORG-0005

Official name : Tenders Review Authority
Registration number : 1432
Postal address : 81-83 Griva Digeni Avenue, 2nd Floor, P.O. Box 24820
Town : Nicosia
Postcode : 1304
Country subdivision (NUTS) : Κύπρος ( CY000 )
Country : Cyprus
Contact point : Tenders Review Authority
Telephone : +357 22445100
Internet address : http://www.tra.gov.cy
Information exchange endpoint (URL) : https://www.eprocurement.gov.cy
Roles of this organisation :
Review organisation

11. Notice information

11.1 Notice information

Notice identifier/version : 7faf3e3d-04f6-423e-8482-a6b85acfe5c6 - 01
Form type : Result
Notice type : Contract or concession award notice – standard regime
Notice dispatch date : 02/10/2025 11:50 +03:00
Languages in which this notice is officially available : English

11.2 Publication information

Notice publication number : 00648285-2025
OJ S issue number : 190/2025
Publication date : 03/10/2025