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 6CPD units verified directly by the participant's association, regulator or other bodies which holds membership.
** For the Cyprus Bar Association Members this counts as part of their Continuous Professional Development, qualified as Non-verifiable CPDs.
*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
Verification of the identity of the natural persons
Discussion, conclusion and assessment
Method of instruction
Theodoros Stavrou was born in 1973. He studied Civil Engineering and he also got a degree in Management from the Henley Management College of London. He is also a holder of a Master in Business Administration (MBA) and an Accredited Money Laundering Specialist (CAMS). In 2001 he joined MOKAS, the FIU of Cyprus as an Investigator on Money Laundering and Terrorist Financing cases. Apart from his main duties as investigator and throughout the 17 years of Mr. Stavrou in MOKAS he was also the representative of Cyprus in different organisations like Europol, the MONEYVAL committee of the Council of Europe, FIU.net and others. He introduced in Cyprus FIU the automated system for the submission and analysis of suspicious transactions/activities reports being the project manager of the relevant project. This system is now being used by the FIU and all obliged entities in Cyprus. Since 2017 Mr. Stavrou is working in the banking Sector Leading Compliance Departments. He is now the Head of Compliance of Société Générale Bank – Cyprus and he is the person responsible for the AML/CFT/Sanctions and Regulatory compliance of the Bank.