The need for effective risk management of financial transactions with clients and associates is becoming increasingly imperative, especially for lawyers and accountants, given the multiple challenges faced by businesses today.As criminals discover more sophisticated ways to cover up illegal activities, the need for professionals to comply with their legal obligations becomes even greater, as is the need to adopt a preventative approach to such threats.
The topics covered by this course are in accordance with the Prevention and Suppression of Money Laundering and Terrorist Financing Law, 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:
• Recognizing the key stages in money laundering
• Recognizing common techniques used by money launderers
• Examining the efficiency of international standards to combat money laundering and terrorism financing
• Understanding the Cyprus Law, as well as, 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 is consistent out of 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 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
The need for effective risk management of financial transactions with clients and associates is becoming increasingly imperative, especially for lawyers and accountants, given the multiple challenges faced by businesses today.
As criminals discover more sophisticated ways to cover up illegal activities, the need for professionals to comply with their legal obligations becomes even greater, as is the need to adopt a preventative approach to such threats.
Method of instruction
Nearchos Ioannou is a Fellow Chartered Certified Accountant (FCCA) ,a Certified Fraud Examiner(CFE) and a Certified Public Accountant (CPA) , Ontario, Canada.
He graduated from the University of Dundee in Scotland U.K (Bachelor of Accounting(Honours), 1996).He has qualified as a Chartered Certified Accountant (ACCA) in 2003, and was the 1st ACCA finalist in Cyprus in the December 2003 examination diet. In 2011 he has qualified as a Certified Fraud Examiner (TEXAS-USA) and in 2019 a Certified Public Accountant (CPA), Ontario Canada.
He has been a key learning facilitator in Deloitte, and is also a part-time lecturer of the University of West London (Cyprus branch) and Frederick University in Cyprus.
He is an Audit director serving a number of international and local companies, which have to ensure compliance with Fraud and AML procedures as well as to comply with the requirements of the International Standards of Auditing.
He is the Co-author of Dr. Wells book Financial Statement Fraud Casebook. Baking the Ledgers and Cooking the Books, Association of Certified Fraud Examiners (Texas- USA).
He served as a member of the Advisory and Education Committees of the Association of Certified Fraud Examiners (CFE, TEXAS-USA)
He is also an expert in the Sarbanes- Oxley Act, requirements in relation to Section 404 for public listed companies in the NYSE.
He is providing seminars in relation to AML, Fraud, audit and the International Financial Reporting Standards (IFRS).