Introduction to Anti-Money Laundering (AML) & Counter Terrorism Financing (CTF)

Description

This course is in English.

Course description: 

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:

  • Executives/Officers of banks, Investment companies and Insurance companies
  • Regulators
  • Executives exercising control responsibilities on companies (e.g. internal/external auditors, auditors and operational risk managers)
  • Lawyers, Accountants, Realtors and other professionals in related disciplines

 

Course Objectives:

• 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.

 

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 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 

Topics

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.

Summary

Course dates

Oct 08 - Oct 09, 2020

Class hours

09:00 - 12:15 (EET)

Subsidy

HRDA Approved

Training certificate

Infocredit Professional Education (IPE)

Level

2

Method of instruction

online

Language

English

Educational material

digital

Laptop

required

Payment

online

Course Instructors

Nearchos Ioannou

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Quick and Easy Registration

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.

 

Unemployed (CY)

267.75

Payment: JCC

Discount Policies
Participants
1st - 8th -100.00% 0.00€

For more information

+357 22398000
info@ipe.com.cy
8 seats remaining
International and non- HRDA eligible

267.75

Payment: JCC

Discount Policies
Participants
1st - 10th -15.00% 227.59€

For more information

+357 22398000
info@ipe.com.cy
7 seats remaining
Company (CY)

267.75

Payment: JCC

Discount Policies
Participants
1st -10.00% 138.98€
2nd -15.00% 125.59€
3rd - 10th -20.00% 112.20€

For more information

+357 22398000
info@ipe.com.cy
11 seats remaining

Registration is also available via Telephone +357 22398000

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