This course is in English.
The topics covered by this course are in accordance with the Prevention and Suppression of Money Laundering and Terrorist Financing Law of 2007, 2010, 2012 and 2013, 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).
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 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 is addressed to:
The course will cover the following topics:
• 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
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 ΑνΑΔ guidelines). You can access ΑνΑΔ guidelines by clicking the link: https://bit.ly/2VSWgWU
This course introduces participants in compliance-related roles to the stages of AML&CTF, as well as to sophisticated techniques used by criminals. It also explains their legal obligations with respect to AML&CTF, in addition to the need to monitor and record business transactions.
This course is in English.
Mode of study
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). In his early ages of his career he worked as field civil engineer and he then joined the Cyprus Police. He worked as Police Investigator for minor and serious offences and 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 in 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.
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For Companies and Unemployed Individuals, the prices shown below are after the deduction of the HRDA subsidy.
More information is provided during the registration process, including the HRDA Terms and Conditions for eligibility.
VAT (19%) is included on the prices below.