€180
+ VATLive Online
3 CPD Units | 3 Hours
The EIMF Live Online Learning Experience
Participants will receive access to the recorded sessions of the course.
EIMF subject-matter experts deliver engaging and interactive courses across a broad spectrum of areas, that can be enjoyed in the comfort of your own chosen environment. Read more
Course Overview
Artificial intelligence is rapidly transforming how risk, compliance, fraud, AML, and governance professionals perform their day-to-day responsibilities. However, many organizations are still using AI as a generic productivity tool rather than leveraging it to strengthen regulatory compliance, improve risk management, and increase operational effectiveness.
This interactive workshop provides a practical framework for using AI responsibly within regulated financial services environments. Participants will learn how to write effective prompts, evaluate AI-generated outputs, understand AI limitations, and apply leading AI tools to common compliance, risk, audit, fraud, and governance activities.
Rather than focusing solely on technology, the course emphasizes real-world applications through practical demonstrations, case studies, and hands-on exercises relevant to financial institutions, fintechs, investment firms, payment institutions, and regulated businesses.
Examples will include European regulatory expectations where appropriate, along with practical scenarios from Cyprus, Europe, and international financial markets.
Training Objectives
By the end of the course, participants will be able to:
Understand how AI can support risk, compliance, AML, fraud, and governance functions.
Develop effective prompts that produce more accurate, reliable, and defensible results.
Apply AI tools to regulatory research, policy development, risk assessments, monitoring, investigations, and reporting.
Recognize the limitations, risks, and governance considerations associated with AI-generated outputs.
Build practical workflows that improve efficiency while maintaining appropriate human oversight.
Training Outline
Introduction to AI in Compliance
Definition of AI tools and prompt engineering
Purpose and scope of AI in regulated industries
Warm-up exercise: AI-generated vs human-written SAR excerpts
Prompt Engineering Fundamentals
Structure and clarity for effective prompts
Contextual framing for compliance tasks
Hands-on: Writing prompts for fraud detection
Tool Comparison: ChatGPT, Claude, Gemini & More
Capabilities and limitations of each tool
Use cases in compliance workflows
Demo: Same prompt across different tools
Common Mistakes & Risky Prompts
Vague, biased, or misleading inputs
Regulatory red flags in AI outputs
Group exercise: Spot the compliance risk
Iteration Strategies for Better Outputs
Refining SAR narratives and due diligence summaries
Prompt chaining and feedback loops
Live walkthrough: Improving a weak AI response
Guardrails & Governance
Ethical use of AI in financial services
Documentation, audit trails, and human review
Policy templates for safe AI integration
Case Studies & Simulations
Real-world examples of AI in compliance
Simulation: AI-assisted regulatory exam prep
Wrap-up discussion: What’s next for AI in compliance?
Who Should Attend
Compliance officers and managers
BSA/AML professionals
Fraud investigators
Fintech and crypto risk leads
Partner bank operations teams
Regulatory exam prep coaches
Internal audit and governance professionals
Legal and policy analysts in financial service
Training Style
This programme blends short lectures with interactive exercises, tool demos, and real-life case studies. Participants will practice prompt writing, compare AI outputs, and analyse compliance risks.
The session emphasises hands-on learning, peer discussion, and practical takeaways that can be immediately applied in the workplace.
CPD Recognition
This programme may be approved for up to 3 CPD units in Personal & Professional Development. Eligibility criteria and CPD Units are verified directly by your association, regulator or other bodies which you hold membership.
In-house Training
For groups within the same organisation, this course may be customized to meet any specific needs and delivered in-house.
Justin Muscolino
Justin brings over 20 years of wide-arranging experience in compliance, training and regulations. He has previously worked as Head of Compliance Training for Macquarie Group, UBS, JPMorgan Chase, Bank of China, and GRC Solutions. Justin also runs his own Compliance Training company focusing on US & International regulations, JTM Compliance Training. Justin also worked for FINRA, a US regulator, where he created Examiner University to train examiners on how to perform their function. He also serves as US Chapter Head for the Global Compliance Institute (GCI) and instructs at the Barret School of Business and on different compliance training platforms.
The invoice is issued on the day the course starts.
Payments can be made by bank transfer, cheque, or credit card.
Certificates are issued within 7–10 days after the course has been completed, provided that the invoice has been paid.
Once your certificate has been issued, you will receive an automated email from Cademy notifying you that it is available.
Click the Get Your Certificate button in the email to download your certificate.
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