As the United States, and European Union, continue to lead a global sanctions program against Russian Federation, a program that has been unprecedented in its complexity, scope, speed, and impact is forcing jurisdictional authorities, financial institutions, and professionals in various vulnerable industries to develop or strengthen their sanctions implementation programs in order to address urgent collective demands, protect their reputations, and meet elevated compliance and risk management expectations.
This course is in English.
Whether you are handling AML due diligence, compliance, fraud control or even cyber security itself, good online investigation skills and techniques are an essential part of your job. The Internet is a huge repository of data that can be an extremely valuable tool for analysts, researchers and financial investigators in the areas of KYC, AML and financial crime generally.Obtaining the correct data when conducting your online Enhanced Due Diligence enquiries. From credible sources before any financial agreement or transaction will prevent fraud and money laundering activities.However, to get the right information an organisation needs to equip its people with the knowledge, skills and tools which will enable them to achieve a quick but effective profile search that saves time and money. This course informs about the importance to possess good quality data, avoid fake news and identify the difference between information and intelligence.
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.
The AML/CFT Certification is an obligation stemming from the fit and properness criteria required for the appointment of a Compliance Officer. It aims at establishing the required knowledge in AML/CFT compliance necessary to perform the functions of a Compliance Officer.As of the 3rd of April 2023, all those who are newly appointed as Compliance Officers in a firm licensed by ICPAC, are required to have successfully passed the AML/CFT certification, irrespective of whether or not they are members of the Institute in order to hold the specific position
The examination is available to all Members and to any non-members who wish to obtain the AML/CFT Certification
The number of cyber-attacks is growing up steadily over the last years, evolving and becoming more sophisticated. For this reason, cybersecurity becomes the major area of attention of professionals from financial services organizations, financial institutions, governmental organizations, including owners of SMEs. Until now, most of the SMEs did not incorporate any cybersecurity policies into their operations, exposing themselves to cyber-crime risks. The AML Officers and professionals constantly update their knowledge on new laws and regulations.
However, they often pay little attention to the importance of developing cyber resilience to mitigate AML risks within the organization. This year's pandemic lockdown and the fact that some employees are currently performing their work remotely reveal the weakness in many organizations' cyber resilience and the necessity to gain at least basic knowledge and skills in cybersecurity. Understanding existing cyber-crimes and facing cyber risks will help AML Officers, financial services professionals, representatives of governmental departments, and SMEs' owners develop sound cybersecurity policies and mitigate cyber risks.
As criminals invent more and more ways to cover up their illegal activities, so does the need for professionals in these industries to understand their obligations under the Law but also to meticulously follow specific regulatory compliance procedures.The need for the best and most thorough management of the risks that may arise in financial transactions with clients / partners, is increasingly imperative for the financial sector as well as for lawyers and accountants.
The purpose of the seminar is to cover the provisions of the legislation on the Prevention and Combating of Money Laundering and the forthcoming changes with the implementation of the 5th and 6th European Directives. During the seminar the main parameters of the risk-based approach will be explained, the main actors, as well as the procedures to be followed by the responsible entities will be examined. In addition, there will be analysis and discussion on practical examples and introduction to information security.
ΤΟ ΣΕΜΙΝΑΡΙΟ ΘΑ ΔΙΕΞΑΧΘΕΙ ΣΤΗΝ ΕΛΛΗΝΙΚΗ ΓΛΩΣΣΑ
Η Infocredit Professional Education διοργανώνει 24ώρo Πρόγραμμα με σκοπό την συνεχιζόμενη επαγγελματική κατάρτιση των διαμεσολαβητών που είναι εγγεγραμμένοι στο Μητρώο Διαμεσολαβητών του Υπουργείου Δικαιοσύνης και Δημοσίας Τάξεως. Το σεμινάριο στηρίζει ο Σύνδεσμος Διαμεσολαβητών Κύπρου.
Σύμφωνα με το άρθρο 12 του Νόμου της Διαμεσολάβησης, κάθε τριετία οι διαμεσολαβητές (με εξαίρεση τους δικηγόρους που ασκούν το επάγγελμα όταν η διαμεσολάβηση αφορά εμπορική διαφορά), προκειμένου να μη διαγραφούν από το Μητρώο Διαμεσολαβητών, θα πρέπει να υποβάλλουν σχετική βεβαίωση στο Υπουργείο Δικαιοσύνης και Δημοσίας Τάξεως ότι παρακολούθησαν σχετική εκπαίδευση διάρκειας τουλάχιστον είκοσι τεσσάρων (24) ωρών.
To Πρόγραμμα είναι εγκεκριμένο από το Υπουργείου Δικαιοσύνης και Δημοσίας Τάξεως και στηρίζεται από τον Σύνδεσμο διαμεσολάβησης Κύπρου.
Το πρόγραμμα θα διεξαχθεί στην Ελληνική γλώσσα.
Οι συμμετέχοντες θα λάβουν σχετικό Πιστοποιητικό για υποβολή στο Υπουργείο για να παραμείνουν εγγεγραμμένοι στο Μητρώο.
Description:
Discover the vast potential of ChatGPT and what it can do for your business with our comprehensive 3-hour online seminar.
Designed for professionals and business executives, this seminar covers the usage and applications of ChatGPT, providing practical examples and hands-on experience to deepen your understanding of this powerful tool. You'll explore how ChatGPT can be used for everyday work, including text generation and understanding tasks such as providing definitions, explanations, summaries, and advice on a wide range of topics with proficiency.
Additionally, the seminar covers the basics of machine learning, natural language processing, and language models, helping you optimize your interaction with ChatGPT and GPT-4 models.
This training course is designed to examine the relationship between money laundering & terrorist financing with blockchain technology, while it provides an explanation of what is blockchain technology and how it works. Having a general understanding of the AML & TF regime and the blockchain technology, the course encourages participants to consider blockchain’s potential impact in the future of preventing money laundering and improving KYC/AML compliance regimes. At the same time, the course provides the risks and challenges of the increased use of cryptocurrencies by which illegitimate activities can be made.
Στο σημερινό εξελισσόμενο επιχειρηματικό περιβάλλον, οι πελάτες, οι εργαζόμενοι και οι επενδυτές αξιολογούν ολοένα και περισσότερο την απόδοση ενός οργανισμού σε σχέση με θέματα Περιβάλλοντος, Κοινωνίας και Διακυβέρνησης (ESG), ως βάση για τη συνεργασία μαζί τους. Τα τελευταία χρόνια, πολλοί θεσμικοί επενδυτές έχουν προχωρήσει σε επενδύσεις μόνο σε εκείνες τις εταιρείες που παρέχουν αναφορές απόδοσης για ESG. Επιπλέον, οι κανονιστικές απαιτήσεις για την αναφορά απόδοσης σε θέματα ESG γίνονται όλο και πιο απαιτητικές σε ολόκληρη την ΕΕ. To διαδικτυακό σεμινάριο επικεντρώνεται στην παροχή μιας σταθερής εισαγωγικής κατανόησης των κύριων θεμάτων ESG και του αντίκτυπού τους στις επιχειρηματικές συμπεριφορές και διαδικασίες. Θα παρέχει επίσης ενημέρωση σχετικά με τα βήματα που πρέπει να υιοθετήσει ένας οργανισμός, προκειμένου να ενσωματώσει με επιτυχία τις αρχές ESG, συμπεριλαμβάνοντας τες στη στρατηγική του.
Σε αυτό το σεμινάριο θα αναλυθούν πρόνοιες του νόμου και τι δικαιώματα και υποχρεώσεις προκύπτουν μεσω αυτού για τους εγγυητές την Πρακτική των Τραπεζων και τι πρεπει να προσέχουν οι εγγυητες και πότε πρέπει να λαμβανουν μέτρα εναντίον πρωτοφειλέτη(χρεώστη) και Τραπεζα.
This Course is in Greek.
Ο θέσμός και το επάγγελμα του διαμεσολαβητή έχουν εισαχθεί στη Κυπριακή έννομη τάξη με Ευρωπαική οδηγία και εθνική νομοθεσία και είναι ήδη διαδεδομένα ως εναλλακτική μέθοδος επίλυσης διαφορών. Λόγω των χρονοβόρων δικαστικών διαδικασιών, οι εναλλακτικές μεθόδοι επίλυσης διαφορών είναι σήμερα περισσότερο διαδεδομένες. Συναφώς υπάρχει αυξημένο ενδιαφέρον στην εκπαίδευση διαμεσολαβητών με σκοπό την άσκηση του επαγγέλματος. Δυνάμει νόμου, όσοι επιθυμούν να είναι διαπιστευμένοι διαμεσολαβητές πρέπει να τύχουν εκπαίδευσης 40 ωρών για να είναι δεόντως καταρτισμένοι σε θέματα διαμεσολάβησης και να έχουν τις απαραίτητες γνώσεις και τα προσόντα που απαιτούνται για τη διεξαγωγή διαμεσολαβήσεων. Περαιτέρω, θα πρέπει να εκπαιδεύονται για να αξιοποιούν τα κατάλληλα εργαλεία, τεχνικές, στρατηγικές και δεξιοτήτες για την επίτευξη συμφωνίας επίλυσης της διαφοράς μεταξύ των Μερών. Για το λόγο αυτό είναι απολύτως αναγκαία η σωστή επιμόρφωση των διαμεσολαβητών για την διαπίστευση και εγγραφή τους στο Μητρώο Διαμεσολαβητών του Υπουργείου Δικαιοσύνης και την εκμάθηση των τεχνικών δεξιοτήτων και τη χρήση των αναγκαίων στρατηγικών και τεχνικών που θα τους βοηθήσουν να διεκπαιρεώνουν θετικά και αποτελεσματικά τις διαδικασίες διαμεσολάβησης που αναλαμβάνουν.
Μέρες και ώρες διεξαγωγής:
Tuesday 7 ,Thursday 9 ,Tuesday14 ,Thursday 16 , Tuesday 21 , June | 8.00-15.30 & Thursday 23 .06.2022| 8.00-13.30
We stand on the brink of the 4th Industrial Revolution that is completely changing the world of business and transforms the way transactions are conducted. At the same time, the anti-money laundering & terrorist financing (AML & TF) regime demands compliance from businesses, integrating such compliance to their everyday business operations, and their long-term and strategic planning, while the criminal world is taking advantage of the technological advancements to carry out their operations more efficiently and anonymously. As a result, government and regulatory agencies keep introducing stricter directive for businesses to prevent criminal activities.
The introduction of the 5th Anti-Money Laundering Directive (AMLD5) that was published on June 19th, 2018, amends the 4th Anti-Money Laundering Directive, and intends to make the legal situation on the cryptocurrency market more transparent. Thus, the AMLD5 is enriched with regulations related to cryptocurrency businesses, aiming to strengthen the barriers to fight against money laundering and restrain terrorist financing. Among other, its scope extends to new sectors including cryptocurrency and custodian wallet providers, estate agents and rental intermediaries and art dealers, increases transparency around beneficial ownership information and trusts and ensures access to trusted data in order to streamline risk mitigation processes.
While the growth of the cryptocurrency market has been exponential, it still lacks a consistent legal and regulatory framework. In the light of this, the 5th Directive is of significant importance since it constitutes a key development and a uniform framework for regulators across the EU to adopt. Along with this, emerging technologies, like Blockchain, are revolutionizing the compliance framework by creating new innovative and effective ways ranging from transaction monitoring and regulatory reporting to identity management and compliance improvement.
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 need for the best possible and thorough management of the risks that financial transactions with clients / partners may hide, is increasingly imperative for the financial sector as well as for lawyers, accountants and other professionals who fall under the condition "Obligated entities".
The purpose of the seminar is to cover the recent changes in the provisions of the legislation on the Prevention and Combating of Money Laundering and the forthcoming changes with the implementation of the 5th and 6th European Directives. During the seminar, the Directives of the main Supervisory Authorities will be examined, the procedures that the obligated entities must follow in relation to the strengthened and simplified due diligence measures, the risk-based approach, analyzing and discussing recent developments. The main economic sanctions regimes in Europe, the United Nations and the United States will also be examined. In addition, information security will be discussed and reported.
In addition, the seminar will cover the risks posed by the use of Cryptocurrencies as identified by the Financial Action Task Force (FATF) and how the EU tries to manage these risks through its instructions.
There will also be information on the ways in which criminals act and how they exploit weaknesses in the financial sector in order to channel money from illegal activities. To this end, real examples of money laundering cases will be presented, which were investigated both locally and internationally and at EU level. The "Passport Check" technology will also be introduced and explained, with which professionals can identify possibly forged and forged passports, while at the same time, best practice advice will be given.
Taking into consideration the recent adoption of the DAC6 Directive by the European Union with regards to the mandatory automatic exchange of information in the field of taxation, and particularly in respect of reportable cross-border arrangements, as well as its forthcoming transposition into a national legislation (which will automatically apply on all providers of legal, accounting, corporate, administrative and other relevant professional services), there is an immediate and imperative need for training of a large number of professionals, in light of ensuring the correct application of the provisions of the Directive, in all affected sectors.
Course Description:
eIDAS regulation constitutes an important step towards the Digital Single Market concept in the EU, due to the way it is set to refine and revolutionize the world of business and particularly the European Financial Industry. eIDAS introduces a new, EU-wide legal framework for electronic identification (eID) and trust services, including electronic signatures, seals and documents, aiming at a drastic transformation of the cross-border, electronic transactions framework. By offering consistency and conformity within the EU Member States in relation to trust services and by encouraging the legally predictable application of such services by businesses, the eIDAS regulation creates a resilient framework to place trustworthy digital transactions in the heart of business relationships. Finally, as a dynamic regulatory framework, eIDAS has great potential for individuals, businesses and Member States
This live-online course is designed to provide an overview of the eIDAS regulation
The Essential Governance Briefing webinar explains the importance of good governance and aims to persuade the audience of the vital part that the exercise of good governance plays in the success of all types of business. It goes on to adress the key legal duties, responsibilities and liabilities of directors and the importance of strong legal what should all organizations have in mind when it comes to practising good governance? How can businesses handle the challenges some essentials for achieving imporoved governance and proper compliance with legal responsibilities?
Due dilligence is generally associated with companies who operate in the financial services to ensure that risks are identified promptly and important Anti-Money laundering (AML) regualtions are complied with. However, it can equally apply to a businees acquisition or potential invetment. Delegates will benefit by developing an enhanced understanding of policies and procedures that should be in place to meet the challenges of the conflicts between privacy laws and conducting effective online CDD. Whilst at the same time leveraging the internet, social media and similar media to identify subjects.
A course for Due Diligence practitioners. Highly practical, relevant and important if you want to access the best online data and safely this course is for you. A focus on understanding the technology behind the Internet and providing the knowledge that will help you improve your searches. We will demonstrate what the surface, deep and dark web are and how they are relevant to conducting EDD. Also covered will be relevant terminology, your digital footprint and interactive practical exercises.
FOR REGISTRATIONS PLEASE CONTACT US
TEL:22398000/22398004
Email: [email protected]
High quality governance is essential in private and public companies and can create a completive advantage resulting to viability, profitability and flourish. Corporate Governance has a great effect on Productivity under Different Business Environments, thus should be applied extensively from the founding entrepreneur, the board of directors and the management team.
Therefore, a company’s directors need to be developed so:
The development of the oil & gas sector in Cyprus continues. The recent discoveries of hydrocarbons within Cyprus EEZ and the massive discovery of the Zohr gas field in the Egyptian waters, which is very close to the Cypriot acreages, has attracted a lot of attention internationally and has created locally a lot of optimism about the future.
The purpose of the course is to ensure that the company’s staff is adequately up to date with the current IFRS developments . It will enhance the team’s knowledge and capabilities to assess the disclosure and other requirements in relation to IFRs.
This course provides a detailed review of the significant technical requirements of International Financial Reporting Standards (IFRSs), including accounting and reporting for financial instruments, leases and insurance contracts,as well as other standards relevant to the financial services sector. It includes coverage of the requirements of the relevant standards and interpretations, hands-on case studies, examples, exercises, small-group projects, and benefits from the interactive participation of the attendees.
The purpose of the program is to ensure that the company's staff is sufficiently trained to be able to identify audit issues related to the financial statements. It will enhance the team 's knowledge and skills to assess audit requirements for impending audit follow - up.
The preparation course covers the CySEC Syllabus for the examination but also the Cypriot and European Legal, Regulatory and Compliance framework on the capital markets, preparing participants for the CySEC Examination.
This course is in Greek.
The General Data Protection Regulation (GDPR), which was passed on April 27, 2016, automatically applies to all Member States of the European Union on 25.05.2018. In addition, the new regulation significantly increases the obligations of businesses to protect the per-sonal data of both their clients and their employees.
This webinar is designed to educate business owners and their staff about Cyber Crime; how to identify the most common of attacks and the sorts of interventions required to avoid a Data Breach.
