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Advanced Anti-Money Laundering (AML) & Counter Terrorism Financing (CTF)

Description

This course is in English.

Course Description:

The topics covered by this course are in accordance with the Prevention and Suppression of Money Laundering Activities  Law of 2007 - 2019 the EU Directives and all other Directives issued by regulatory authorities in Cyprus, such as the Central Bank of Cyprus, the Cyprus Bar Association, the Institute of Certified Public Accountants of Cyprus (ICPAC) and the Cyprus Securities and Exchange Commission (CySEC) on Anti Money Laundering, Counter Terrorism Financing and Sanctions issues.

The aim of the course is to cover all the requirements set by the relevant legislation as well as the changes brought about by the implementation of the Cyprus Law and the 5th as well as the 6th EU Anti-Money Laundering Directive.The course discusses the procedures which need to be in place for compliance for anti-money laundering and counter terrorism financing and analyses practical examples.The course also covers Information Security Awareness topics and gives an in depth description of Important Information Security threats and how the Information Security Incidents should be handled.

 

Course Objectives:

• Recognising the key stages in money laundering
• Recognising common techniques used by money launderers
• Examining the efficiency of international standards to combat money laundering and terrorism financing
• Understanding the 5th and 6th EU AML Directive and other relevant reporting obligations
• Identifying and dealing with suspicious transactions
• Understanding and applying the "Risk Based Approach"
• Applying “Know Your Customer” (KYC) and "Customer Due Diligence" (CDD) procedures to identify and manage key risk indicators within customer relationships
• Methods for detection of ID fraud
• How to profile and monitor expected relationship activity
• Analysis of case studies and red flag indicators
• How to perform AML risk assessment

 

The course is addressed to:

  • Executives/Officers of banks, Investment companies and Insurance companies
  • Regulators
  • Executives exercising control responsibilities on companies (e.g. internal/external auditors, auditors and operational risk managers)
  • Lawyers, Accountants, Realtors and other professionals in related disciplines

 

This course is consistent out of 7 topics.

 

Instructor Style:

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.

 

CPD accreditation:

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 

Topics

Introduction & Meeting with the participants

Cyprus AML Legislation and other recent developments

Shell companies

RBA – Practical Implementation, EDD & SDD

Ongoing monitoring

5th & 6th EU Directive (in depth analysis) and Recent Developments

UN, EU & US Sanctions

Information Security

Discussion, conclusion and assessment

Summary

Course dates

Oct 20 - Oct 21, 2020

Class hours

09:00 - 12:15 (EET)

Subsidy

HRDA Approved

Training certificate

Infocredit Professional Education (IPE)

Level

2

Method of instruction

online

Language

English

Educational material

digital

Laptop

required

Payment

online

Course Instructors

Nassos Paltayian, BA, ACA, CAMS, ISO 27001 LI
Head of Compliance & Information Security Officer at Abacus Ltd, Vice Chair of the ACAMS Cyprus Chapter, Vice Chair of the ICPAC Compliance Committee, Vice Chair of the CFA Compliance Committee

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