
Anti-Money Laundering (AML) Regulation and Updates
- Χρηματοοικ. Ασφαλιστικά Τραπεζικά - Λογιστικά/ Έλεγχος/ Φορολογικά
ΠΕΡΙΓΡΑΦΗ
In addition to further developing the criminal law approach at Union level, targeted and proportionate prevention of the use of the financial system for the purposes of money laundering and terrorist financing is indispensable and can produce complementary results.
ΣΚΟΠΟΣ ΣΕΜΙΝΑΡΙΟΥ
The programmes will:
- Present the 4thand the 5th AML Directive
- Present the relevant level 2 measures and Guidelines
- Present the current challenges for monitoring and surveillance
- Provide guidance concerning compliance with the new requirements
ΣΕ ΠΟΙΟΥΣ ΑΠΕΥΘΥΝΕΤΑΙ
- Legal advisors
- Compliance officers
- AML officers
- Senior managers
ΠΕΡΙΣΣΟΤΕΡΕΣ ΠΛΗΡΟΦΟΡΙΕΣ
Training Outline
- AML Laws & Regulations: Historical Development, Scope & Application
- What is Money Laundering: Definition & the Stages of Money Laundering
- The ‘Risk- Based’ approach
- Common Steps to Ensuring Compliance, the Time & Recourses needed, the drafting and implementation of Internal AML Manuals, Policies & Procedures, the implementation of an internal Reporting System to the AMLCO & the BOD and externally to CYSEC & MOCAS, drafting of systems for Ongoing Compliance Monitoring, Record Keeping and other
- Customer Due Diligence & KYC: Description of the Simplified / Enhanced Due Diligence, the Documentation Requirements, Verification of client information and the Certification of Documents
- How to Build the Economic Profile of the client, source of wealth, source of funds, internal assessment of information, supporting documents, transactions monitoring
- How Authorities Approach AML: Fines, Penalties, Reputational damage, the ‘name and shame’ process
- The Compliance Function: Duties and Responsibilities of the AMLCO and the Board of Directors
- The 4th AML shift of focus. Critical Analysis of significant changes brought by the 4th AML
- Risk Based shift in focus against the ‘tick a box’ approach
- PEPs definition and status
- Cash Payment Thresholds
- The Ultimate Beneficial Owner definition under the 4th AML
- National Central Register
- Tax Crime and Tax Criminal Activity
- Sanction and Penalties
- Third Country Equivalence
- Group- Wide Compliance
- The 5th AML Directive: the core goals and what to expect
- First thoughts of the 6th Directive
Training Style
The training style will include the presentation of all the material using slides and handouts. The trainer will use practical examples to elaborate various concepts as well as show various videos that highlight particular course concepts and encourage class discussion.
Participants will be engaged in exchange of ideas and sharing of knowledge on the subject matter. Participants will also be able to ask questions and obtain clarifications from the trainer on the material covered.
CPD Recognition
This programme may be approved for up to 5 CPD units in AML and Financial Regulation. Eligibility criteria and CPD Units are verified directly by your association, regulator or other bodies which you hold membership.
Professionals requiring CPD units to meet the education requirements for CySEC licence renewal, and/or for maintaining other professional memberships/certifications which accept CPD in AML and Financial Regulation, are advised to consider training subjects in categories that indicate CPD training in AML and CPD training in Financial Regulation.
The Association of Anti-Money Laundering Specialists (ACAMS) has confirmed that this programme is accredited for 5 CAMS Credits. Participation in this course does not substitute the requirement to earn (12) ACAMS credits through ACAMS produced training for CAMS recertification.
Trainer's Information

Σοφία Νεάρχου - Associate Lawyer at Chrysses Demetriades & Co LLC
Sophia is a lawyer in the Compliance department of our firm dealing with Anti Money Laundering & regulatory compliance matters and keeping the firm’s function in line with the law and regulatory requirements. During the course of her employment she has gained extensive experience, particularly in cases relating to US sanctions and EU restrictive measures and has been involved in the resolution of arising matters. She has also been in charge of performing due diligence measures and has given legal advice to clients pursuant to the international, EU and US obligations. In July 2016, Sophia successfully passed the Financial Services and Regulatory Advanced Examination of the by Cyprus Securities and Exchange Commission (CySEC), which is recognized by the Charted Institute for Securities and Investment (CISI) and which has familiarized her with the regulatory requirements relating to the securities and investments. She further participated on the drafting of advice for clients involved in the sector and assisted in matters including CRS/FATCA reporting and compliance.
Furthermore, in order to provide more quality to the services and advice offered, during June 2018 Sophia took the examination of CISI on Global Financial Compliance and alongside the Certificate in Global Financial Compliance (Cyprus) which she successfully passed and was awarded the CISI Level 3 Award in Global Financial Compliance. Since then she has been an Associate of CISI. More recently, in June 2019, following a successful examination, she has obtained the Worldwide recognized and top level certificate in Money Laundering, the ACAMS certificate and is a member of CAMS Cyprus. Moreover, Sophia Nearchou has obtained recently the CySEC AML certificate.
Αναλυτικό Κόστος Σεμιναρίου
- € 180.00
- € 0.00
- € 34.20
- € 180.00
Περαιτέρω Κοστολογικές Πληροφορίες
HRDA-approved seminars are exempted from VAT for eligible organisations applying for the HRDA subsidy. A 19% VAT will apply to seminars and participants who do not qualify for the HRDA subsidy