This course is in English.
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.
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 HRDA guidelines). You can access HRDA guidelines by clicking the link: https://bit.ly/2VSWgWU
Method of instruction