The need for the best possible and thorough management of the risks that financial transactions with clients / partners may hide, is increasingly imperative for the financial sector as well as for lawyers, accountants and other professionals who fall under the condition "Obligated entities".
The purpose of the seminar is to cover the recent changes in the provisions of the legislation on the Prevention and Combating of Money Laundering and the forthcoming changes with the implementation of the 5th and 6th European Directives. During the seminar, the Directives of the main Supervisory Authorities will be examined, the procedures that the obligated entities must follow in relation to the strengthened and simplified due diligence measures, the risk-based approach, analyzing and discussing recent developments. The main economic sanctions regimes in Europe, the United Nations and the United States will also be examined. In addition, information security will be discussed and reported.
In addition, the seminar will cover the risks posed by the use of Cryptocurrencies as identified by the Financial Action Task Force (FATF) and how the EU tries to manage these risks through its instructions.
There will also be information on the ways in which criminals act and how they exploit weaknesses in the financial sector in order to channel money from illegal activities. To this end, real examples of money laundering cases will be presented, which were investigated both locally and internationally and at EU level. The "Passport Check" technology will also be introduced and explained, with which professionals can identify possibly forged and forged passports, while at the same time, best practice advice will be given.
At a Knowledge Level:
The course is addressed to:
This course covers 8 topics.
The course is delivered by someone with hands on experience. Highly practical, relevant and important and safely this course is for you.The instructor blends theory with highly practical case studies and examples derived from his long experience.
The course may be approved for up to 6 CPD units verified directly by the participant's association, regulator or other bodies which holds membership.
*Group rates available. **Early Bird discount may apply.
This course can be offered inhouse, customised to your business needs.
*Infocredit Professional Education division (IPE) holds the right to postpone or cancell any seminar within a logical time frame near to the start date of the seminar, in the case whereas no adequate number of participants is registered i .e. less than 6 persons and/or in the case that out of the list of registered people are not included at least 4 employed people ( as per HRDA guidelines). You can access HRDA guidelines by clicking the link: https://bit.ly/2VSWgWU
Introduction & Meeting with the participants
Cyprus AML Legislation and other recent developments
RBA – Practical Implementation, EDD & SDD
5th & 6th EU Directive (in depth analysis) and Recent Developments
UN, EU & US Sanctions
Discussion, conclusion and assessment
Method of instruction
Started his career in PricewaterhouseCoopers as auditor for Financial Services companies where he qualified as a Chartered Accountant. Then moved to Abacus Limited in 2009 as a portfolio manager. Since 2013 he moved to the compliance department of the firm. In 2014 he became an ACAMS member and soon after CAMS certified.
Nassos is also serving as an Information Security Officer while simultaneously heading the Compliance Department since 2015.
He gave a number of presentations on both Compliance and Information Security in Cyprus and abroad.
Paltayian is also a founding member and Vice chair of the ACAMS Cyprus chapter, Vice chair of the ICPAC Compliance committee, Vice chair of the CFA Compliance committee He was also the leader of the DNFBP module during the National Risk Assessment and participated in the task force for the issuance of the FATCA and CRS Cyprus Guidance Notes.