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Complying with Anti-Money Laundering regulations and Financing of Terrorism

Description

The modern financial landscape requires managing risks in client and partner transactions. AML compliance is paramount for the financial sector, legal professionals, and accountants.

This online course equips you with the knowledge to navigate the evolving regulatory landscape of Anti-Money Laundering (AML). We'll delve into the latest Preventing and Combating Money Laundering provisions, including the latest changes mandated by the 5th and the forthcoming 6th EU Directives.

 

Acquire the necessary skills to:

  • Identify the techniques used by criminals for money laundering & terrorist financing purposes.
  • Recognise transactions that may violate the basic provisions of the main economic sanctions regimes.
  • Develop and implement a "risk-based approach" attitude in the client onboarding process.
  • Document the implementation of enhanced and simplified "due diligence measures" in proportion to the potential risk arising from the respective professional relationship/agreement.
 

The course is addressed to:

  • Regulatory compliance officers of administrative service companies.
  • Executives / regulatory compliance officers of Banks, Investment Services Providers and Insurance Companies.
  • Supervisory Officers - Supervision Department.
  • Executives exercising auditing responsibilities in companies (such as internal auditors, certified auditors and operational risk management executives).
  • Lawyers, Accountants, Brokers and all liable entities, based on the relevant legislation.

 

This course covers 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 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 

Topics

  • Introduction & Meeting with the participants
  • ML Stages (Placement, Integration, Layering)
  • Examples
  • Compliance officer’s duties
  • Financing of Terrorism
  • Differences between money laundering and terrorism financing
  • The risk of penalties where AML/CTF rules are not applied
  • Company staff
  • MLRO (Money Laundering Reporting Officer
  • MOKAS
  • Tipping Off
  • Due diligence procedures
  • KYC policy elements
  • Client identification documents (passports)
  • What is ‘’fake news
  • ’’Why does fake news spread so much?
  • The future of fake news
  • Identification, of red flags
  • Recording of red flags
  • Evaluation red flags
  • 5th EU AMLD – What you need to know
    • UBO
    • PEPs
  • 6th EU AMLD - What can we expect
    • Unified list of predicate offence
    • Additional money laundering offences: Aiding and abetting, attempting and inciting
    • Extension of criminal liability to legal persons
    • Discussion, conclusion and assessment

Summary

Course dates

Sep 17 - Sep 17, 2024

Class hours

09:00 - 16:00

Subsidy

HRDA Approved

Training certificate

Human Resource Development Authority of Cyprus (HRDA)

Mode of study

full-time

Method of instruction

online

Language

English

Educational material

digital

Laptop

required

Payment

online

Course Instructors

Elena Koushou

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