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CySEC AML Certification Examination Preparation Course

CySEC AML Certification Examination Preparation Course

Dates

  • September 2026
      to   (5 sessions)
    Delivered Online
    €410 - €770
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  • October 2026
      to   (5 sessions)
    Delivered Online
    €410 - €770
    Book
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    • to
      Delivered Online
    • to
      Delivered Online
    • to
      Delivered Online
    • to
      Delivered Online
    • to
      Delivered Online
  • November 2026
      to   (5 sessions)
    Delivered Online
    €410 - €770
    Book
    View Dates Hide Dates
    • to
      Delivered Online
    • to
      Delivered Online
    • to
      Delivered Online
    • to
      Delivered Online
    • to
      Delivered Online

Highlights

  • Live Online

  • 18 CPD Units | 18 Hours

  • HRDA Subsidised


The EIMF Live Online Learning Experience

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

The CySEC AML Certification Examination requires very good knowledge of the Prevention and Suppression of Money Laundering and Terrorist Financing Laws of 2007-2019 (“the Law”), CySEC’s Directive for the Prevention and Suppression of Money Laundering and the Risk Factor Guidelines of the European Supervisory Authorities, among other things.

Persons who pass the CySEC AML Certification Examination can be appointed as AML compliance officers at CySEC-regulated legal entities. Successful candidates will then be registered in the AML Compliance Officers Register.


Why Professionals Choose the EIMF CySEC Preparation Course 

In addition to the most updated and concise material, those attending the EIMF CySEC AML Certification Examination preparation courses will greatly benefit from:

  • A proven track record of highly successful CySEC Examination Preparation Courses

  • In-depth expertise of those who deliver the course; the EIMF training team are industry experts with practical knowhow as well as experienced in the delivering exam preparation courses for CySEC Certifications

  • Through our vast experience, our training team have designed a very well-structured course to assist participants to comprehend the knowledge and absorb the required knowledge of the syllabus topics as required for the examination

  • The EIMF training team provide volunteer support to questions raised post-completion of the preparation courses


Target Audience of the EIMF CySEC AML Certification Examination 

The exam is addressed to all individuals who are interested in being appointed as AML compliance officers at CySEC-regulated legal entities.


Preparation Material

All participants will receive the EIMF preparation booklets that include the presentation notes, glossary of all major terms, revision questions with answers and 5 online mock examinations.


Course Content and Examinations (Revised Exam Syllabus)

The assessment structure of the CySEC AML Certification Examination is a 60-minute examination consisting of 40 multiple choice questions and covers the following elements:

Chapter 1: Introductory Provisions

  • References used in the manual

  • The Cyprus Securities & Exchange Commission

  • Becoming an AML certified compliance officer

  • The objectives of the CySEC AML Certification

  • Workbook for the AML Certification Examination

Chapter 2: Understanding Money Laundering, Terrorist Financing and Sanctions

  • What is Money Laundering (ML)

  • The 3 (three) stages of ML

  • ML threats and vulnerabilities in accordance with the NRA and methods of ML

  • Terrorist Financing (TF) and TF Criminalization

  • Sanctions

Chapter 3: Legal and Regulatory Requirements

  • Unit for Combating Money Laundering

  • The Supervisory Authority

  • Main provisions of the AML/CFT Law with regard to criminal liability, offences and penalties

  • European Directives

  • FATF

  • High Risk Third Countries

  • MONEYVAL

  • The Anti-Terrorism and Victims Protection Acts of 2019 and 2022The United Nations Security Council Resolutions and Decisions (Sanctions) and the Council of the European Union (Restrictive Measures) Law of 2016 (58(I)/2016)

 Chapter 4: The AML Compliance Culture

  • Basic elements of a strong compliance culture

  • Internal Policies, Controls and Procedures

  • The Role of the BoD

  • The role and duties of the Compliance Officer, the Alternate Compliance Officer and Assistants

  • The establishment and role of an Internal Audit function

  • Employees obligations, education and training

Chapter 5: Assessing and Managing Risks

  • Risk-Based Approach (RBA)

  • Identifying ML and TF risks

  • Factors to determine risks

  • Assessing ML/TF Risks

  • On-going monitoring of the risk assessment and record keeping

 Chapter 6: Know your Customer (KYC) and Customer Due Diligence (CDD)

  • Procedures for the prevention of ML and TF

  • Customer Identification and Due Diligence procedures

  • Simplified Customer Due Diligence (SDD)

  • Enhanced Customer Due Diligence (EDD)

  • Sectoral guidelines for application of Customer Due Diligence measures

  • Ongoing Monitoring

  • Beneficial Ownership information

  • Reliance on third parties

  • CDD in case of networking of Obliged Entities or groups

  • Prohibition of cooperation with shell banks

  • Processing of personal data

Chapter 7: Transaction Monitoring and Suspicious Reporting

  • Internal reporting procedures and external reporting to MOKAS

  • Examples of suspicious transactions and activities related to ML and TF

Chapter 8:Crypto Asset Service Providers

  • Registration Procedure for Crypto Asset Service Providers

  • Organizational and Operating Requirements for CASPs


CPD Recognition

This programme may be approved for up to 18 CPD units in AML and Financial Regulation. Eligibility criteria and CPD Units are verified directly by your association, regulator or other bodies which you hold membership.

This training course may be approved as an external activity under the new ACAMS recertification category ”non-ACAMS credits” for up to 16 CPD units. Eligibility criteria and CPD Units are verified directly by the Association of Anti-Money Laundering Specialists (ACAMS). To read more about the non-ACAMS credits policies and eligibility criteria please click here.


Registration and Re-registration Procedure for Examinations and Registry

In order to register for the CySEC examinations, prospective candidates are required to complete the online CySEC application. After registering, an automatic payment receipt will be sent to the candidates. In the event that a candidate wishes to make any changes to their exam application or cancel their participation in the exam, they may do so only eight (8) working days prior to the exam date and after paying the relevant fee. Successful candidates may register in the AML compliance officers register within four (4) weeks of receiving the relevant email notification by CySEC.

In case candidates fail the exam, they are obliged to apply to take the next examination in a period of twelve (12) months. The twelve-month period starts from the initial start date of the examination. In case an individual fails the exam in the twelve month-period, then their appointment as AML compliance officer shall not resume until they have managed to pass the exam.

In case you have any queries regarding the examinations, you are kindly requested to forward them to the following email: [email protected].


Examination Fees

The examination fee is €300.00 and is payable directly to CySEC upon registration to the exam.


CPD Educational Requirements and Annual Renewal Fee

To maintain registration in the CySEC public register for AML Compliance Officers, successful holders of the CySEC AML Certification Licence need to take 10 hours of related CPD training for each calendar year and pay to the Commission an annual renewal fee of €80.

For further information about the CySEC Examinations, please visit https://www.cysec.gov.cy/en-GB/public-info/certifications-and-seminars/certifications/.


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Facilitators

  • Panayiotis Antoniou

    Panayiotis Antoniou

    Panayiotis Antoniou is a Managing Director at the Global Risk Management and Prudential department of Complyport. He is a professional with 25 years experience in the Financial Sector. He is currently the managing Director of Complyport Global Risk Management and Prudential, a large Advisory Group specialising in prudential risk and Compliance matters for Banks, Investment Firms, Investment Funds and Payment Institutions. Panayiotis is a holder of CySEC’s AML and Advanced Certificates, a Certified Anti-Money Laundering Specialist (CAMS), a Chartered MCSI at the Chartered Institute of Securities and Investments (CISI), a member of the Project Management Institute (PMI). He is also a HRDA accredited trainer. Panayiotis 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 as a Fulbright Scholar, a Master’s in Business Administration (MBA) and a Master’s in Public Sector Management (MPSM).

Frequently Asked Questions

  • When will I receive my invoice?

    The invoice is issued on the day the course starts.

  • What payment methods are accepted?

    Payments can be made by bank transfer, cheque, or credit card.

  • When will my certificate be issued?

    Certificates are issued within 7–10 days after the course has been completed, provided that the invoice has been paid.

  • How can I access my certificate?

    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.

    You can also access it from your Cademy account:

    1. Log in to your Cademy account from https://cademy.io
    2. Click on My Account from the top-right corner.
    3. From the drop-down menu select My Courses and Bookings.
    4. Choose the relevant course.
    5. Under Participants, click the three dots located next to your name. 
    6. Select Get Certificate.
  • Where can I access the course material?

    To access the course materials, such as presentations and recordings:

    1. Log in to your Cademy account from https://cademy.io
    2. Click on My Account from the top-right corner.
    3. From the drop-down menu select My Courses and Bookings.
    4. Choose the relevant course.
    5. Under Extra Details, you will find all the available course materials.
  • What is the HRDA?

    The Human Resource Development Authority (HRDA) of Cyprus is a semi-government governmental organisation that supports the development of workforce skills through training and development initiatives. Eligible training programmes approved by the HRDA may qualify for a subsidy, reducing the participation cost for eligible organisations and individuals, subject to the HRDA's terms and conditions.

  • Who is eligible for the HRDA subsidy?

    The HRDA subsidy is available to:

    • Companies registered in Cyprus that are applying for their employees.
    • Unemployed individuals who meet the eligibility requirements (see the FAQ below for required documents).
    • Self-employed individuals registered as self-employed in their ERMIS profile.

    To receive the subsidy, eligible persons must attend at least 75% of the course. 

  • What is ERMIS?

    ERMIS is the online platform of the Human Resource Development Authority (HRDA) of Cyprus, used for managing training programme registrations, participant details, subsidy applications, and attendance records. All participants attending HRDA-approved courses must have an ERMIS profile and use the platform’s attendance register to check in and check out during each course session. https://ermis.anad.org.cy/

  • What is the process for attending an HRDA-approved course?

    To attend an HRDA-approved course, you must:

    1. Register for the course through the EIMF website.
    2. Create the necessary ERMIS profile(s).
    3. Register for the course through ERMIS.
    4. Complete any additional HRDA requirements if you are applying for the subsidy as an unemployed or self-employed individual.
    5. Log onto ERMIS and check in through the relevant attendance register when you join the course session and check out when you leave each course session.

    See the FAQs below for detailed instructions.

  • Is an ERMIS profile required?

    Yes. ALL participants attending HRDA-approved courses must have an ERMIS profile, whether applying for the subsidy or not.

    • Companies applying for the HRDA subsidy for their employees:
    1. The company must have an ERMIS profile as a Legal Entity.
    2. The company must have their Employer role approved on the ERMIS system.
    3. Each participating employee, as well as a company authorised person and the company’s director, must have an ERMIS profile as a Natural Person
    4. The employees' and representatives’ profiles must be linked to the company's ERMIS profile.
    • All Individuals
    1. Must have an ERMIS profile as a Natural Person.

    You can create or access your ERMIS profile here: https://ermis.anad.org.cy/

  • How do I register for an HRDA-approved course through ERMIS?

    After booking your course through the EIMF website, you must also register through ERMIS, provided that the required profile(s) have already been created.

    • If you are registering as an individual:

    You must register through your personal ERMIS profile.

    • If a company is applying for the HRDA subsidy for its employees:
    1. Registration must be completed through the company’s ERMIS profile.
    2. The company profile used for registration must match the payroll company where each participant is employed.

    For example: If your organisation includes multiple companies, make sure each participant is registered under the correct company profile.

    Around one week before the course starts (or immediately after booking if you register less than one week before the course), we will email you the HRDA course details and instructions on how to complete your ERMIS registration.

  • What documents do unemployed individuals need to apply for the HRDA subsidy?

    When registering for the course through ERMIS, you must upload both of the following documents obtained from the Public Employment Service:

    1. A referral for participation in HRDA Multicompany courses (Παραπεμπτικό για Πολυεπιχειρησιακά Προγράμματα της ΑνΑΔ).
    2. An ES19 form confirming that you were unemployed from at least the course start date.
  • What do self-employed individuals need to do to apply for the HRDA subsidy?

    You must update your ERMIS profile:

    1. Log in to your ERMIS profile and select the Self-employed role from the available roles.
    2. Complete and submit the request.
    3. Once your request has been approved, you can register for courses and apply for the HRDA subsidy as a self-employed individual.

    When submitting your request, you must upload one of the following:

    1. A confirmation letter from the Social Insurance Services confirming acceptance of your registration as a self-employed person.
    2. A Confirmation letter from the Social Insurance Services confirming your self-employed status.
    3. Proof of payment of Social Insurance contributions for the most recent quarter (available through SISnet). 
  • Is the check-in and check-out process in ERMIS mandatory?

    Yes. All participants must log onto the ERMIS system and check onto the attendance register when they join a course session and check out when they leave a course session, as HRDA records attendance.

    To receive the subsidy, eligible persons must attend at least 75% of the course. Check-ins and check-outs reflect actual attendance.
     

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