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 

• Money laundering (ML) methods 
• The role of cryptocurrencies in money laundering 
• Terrorist Financing (TF) 
• International Bodies to combat ML/TF 
• The Cyprus/EU regulatory framework 
• The regulator’s approach to financial crime 
• The AML program 
• The risk-based approach
  • Business-wide risk assessment
  • Individual customer risk assessment

 Financial Crime Trends in 2024 

• Customer Due Diligence 
• Simplified Due Diligence (SDD) 
• Enhanced Due Diligence (EDD)
  • PEPs
  • High-risk countries
  • Other high-risk situations

 Recent and Upcoming Regulatory Updates 

• Sanctions and Sanctions Evasion 
• Suspicious Activity Reporting 
• Money Laundering Schemes 
• The Culture of Compliance

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.