Compliance Function in Practice

Compliance in the Financial Services Sector –

the Compliance Function in Practice

Compliance Function is developing in one of the most important functions for the banks, as well as for the financial and insurance institutions, as demonstrated by several international scandals impacting the reputation of big financial institutions.


Compliance contributes to the security of the organization and to the prevention of situations, which would impact the operation and the reputation of the organization, as well as the employees individually.


The need of training for the personnel working in the financial area has become imminent, in order for them to be in position to face the new challenges and to contribute, depending on their role, to the adaptation and the operation of the organization, according to the existing and forthcoming regulation. In parallel, the role of the Compliance Officer evolves progressively and Compliance has become, a new challenging career opportunity, at global level.

Seminar Content

  • The definition of Compliance
  • The risk of non-compliance
  • The role of the Compliance Officer and his place in the context of the internal control framework
  • The profile of the Compliance Officer (skills, knowledge, background etc)
  • Role, responsibilities and mission of the Compliance Function and the Compliance Officer
  • Areas covered by the Compliance Unit
  • Models of organizational structure of a Compliance Function
  • Interrelation of the Compliance Officer and the Compliance Unit, with other roles/units in a regulated company (lawyer, internal auditor,risk officer etc)
  • Practical tools and methodologies which  facilitate the daily work of the Compliance Officer

Who should attend

  • Banks’ managers/officers
  • Investment Services Companies managers/officers
  • Insurance Companies managers/officers
  • Listed Companies managers
  • IT managers/officers of companies developing IT systems/applications for financial institutions in order for them to meet the regulatory requirements
  • Lawyers
  • Officers exercising control activities (internal auditors, inspectors, external auditors, operational risk managers etc)
  • Professionals wishing to work in Compliance in the future
  • Graduate or post graduate students.
  • Professionals that wish to make an international career in Compliance and would like to have a broader picture of how Compliance works and its methodologies, at international level.
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DATE: 14, 15 June

DURATION: 10 Hours


LOCATION: CMS Training Center, Limassol

TIME: 14:00 – 19:30

FEES: €250 + VAT


Registration Form

If you need help completing the online registration form, please give us a call at 2227 4470 or email us at 

In-House Training

If you would like to discuss bringing this or another topic to your organization on an in-house basis please call us at 22274470 or email us at


Panayiotis Antoniou

Mr. Antoniou is a professional with 18 years-experience in the Banking and Insurance Sectors. He holds a Bachelor degree in Computer Science from State University of New York, USA, a Master’s degree in Information Systems from Virginia Tech, USA, a Master’s in Business Administration and a Master’s in Public Sector Management. He is also a member of the Project Management Institute and a partially-qualified member of the Association of Certified Chartered Accountants (ACCA). He is a holder of CySEC’s Advanced Certificate in Financial Services Legal Framework, a full member of the Chartered Institute for Securities & Investment (MCSI) specialising in Compliance & Risk and an approved trainer by the HRDA. He is currently the Head of Capital Adequacy Department of a large Advisory Group specializing in consulting regarding Regulatory and Risk related issues specializing in Basel III (CRDIV) matters (Pillar 1,2,3) and financial reporting of Investment Firms.