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€410 - €770

€410 - €770
Live Online
18 CPD Units | 18 Hours
HRDA Subsidised
The EIMF Live Online Learning Experience
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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/.

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).
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.
You can also access it from your Cademy account:
To access the course materials, such as presentations and recordings:
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.
The HRDA subsidy is available to:
To receive the subsidy, eligible persons must attend at least 75% of the course.
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/
To attend an HRDA-approved course, you must:
See the FAQs below for detailed instructions.
Yes. ALL participants attending HRDA-approved courses must have an ERMIS profile, whether applying for the subsidy or not.
You can create or access your ERMIS profile here: https://ermis.anad.org.cy/
After booking your course through the EIMF website, you must also register through ERMIS, provided that the required profile(s) have already been created.
You must register through your personal ERMIS profile.
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.
When registering for the course through ERMIS, you must upload both of the following documents obtained from the Public Employment Service:
You must update your ERMIS profile:
When submitting your request, you must upload one of the following:
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.