Grant Thornton Cyprus Launches AI Governance and Risk Management Services for EU AI Act & ISO 42001 Compliance
Nicosia, May 2026 — Grant Thornton Cyprus is excited to announce the launch of its new EU AI Act & ISO 42001 Governance, Risk, and Compliance (GRC) services, designed to help organizations manage AI responsibly, securely, and in line with evolving regulatory standards.
Supporting Organizations with AI Governance, Risk Management, and Compliance
As artificial intelligence (AI) becomes integral to business operations, companies face increasing regulatory scrutiny, operational risks, and reputational challenges. The EU AI Act, in conjunction with the ISO/IEC 42001 Artificial Intelligence Management System standard and the General Data Protection Regulation (GDPR), signals a shift from voluntary best practices to enforceable accountability measures across the AI lifecycle.
Comprehensive AI Governance & Compliance Solutions
Grant Thornton Cyprus’s new service offering provides end-to-end support for organizations navigating this complex landscape. Key features include:
- EU AI Act readiness and implementation
- ISO 42001 AI management system design and certification support
- AI risk and impact assessments
- Technical assurance and validation
- Integration of AI governance within existing risk, security, and data protection frameworks
Why Choose Grant Thornton’s AI Governance Services?
By leveraging deep regulatory expertise, technical assurance, and practical implementation, Grant Thornton Cyprus helps organizations embed AI governance into their digital risk strategies. This approach promotes innovation while safeguarding trust, transparency, and resilience.
Expert Insights on AI Governance and Regulation
- Christos Makedonas, Partner & Digital Risk Services Leader, emphasizes:”AI is transforming business operations but introduces new digital risks that are complex and highly regulated. Staying ahead means demonstrating that AI systems are trustworthy by design and compliant by default. Our role is to help clients proactively manage AI risks, enabling confident innovation.”
- Anna Papaonisiforou, Senior Manager, Digital Risk Services, adds:”Understanding what compliance means in practice is the real challenge. Our first step is providing visibility into AI usage across the organization and establishing the governance structures required by regulations.”
- Monica Odysseos, AI and Data Lab Leader, states:”Many organizations use AI tools without fully understanding their functioning or reliability. We help bridge that gap, ensuring governance frameworks are grounded in actual system behavior, not just on paper.”
Tailored Support from Multidisciplinary Experts
This innovative service is delivered by Grant Thornton Cyprus’s multidisciplinary Advisory Team, drawing on global expertise in governance, risk, compliance, cybersecurity, and data protection. It is tailored to organizations across sectors that develop, deploy, or rely on AI systems.
Learn more about our AI Governance & Risk Management services>>
Contact us for more information:
Christiana Iacovou
Phone: +357 22600000
Fax: +357 22600001
About Grant Thornton Cyprus
Grant Thornton Cyprus is part of one of the world’s leading organizations of independent assurance, tax, and advisory firms. Our proactive teams provide meaningful advice to help organizations unlock growth potential across various sectors. With over 80,000 professionals across 140 markets, we are committed to making a difference for clients and communities.
Note: Grant Thornton International Ltd is a non-practicing umbrella organization organized as a private company limited by guarantee in England and Wales. References to “Grant Thornton” pertain to member firms operating independently across different markets.
