European Institute of Management and Finance | Risk-based Anti-Money Laundering (AML)
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Risk-based Anti-Money Laundering (AML)

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Risk-based Anti-Money Laundering (AML)

Start
June 19, 2019 3:30 pm
End
June 19, 2019 9:00 pm
Address
25 Megaron Street, 2032 Strovolos, Nicosia, Cyprus   View map
Phone
+357-22274470
Email
info@eimf.eu
CPD Units
5
Duration
5 hrs
Fees
€180 + VAT

Schedule

Wednesday 19/06/2019 - 15:30-21:00

Speaker
Gregory Dellas

Gregory currently leads the Wealth & Markets Division of the Bank of Cyprus. In the past, Gregory worked with Coopers and Lybrand in Nicosia and held various managerial positions in Cyprus Popular Bank and Bank of Cyprus. He has extensive experience in Wealth Management, in the areas of client advisory and portfolio management, custody and operations. He led the setting up of boutique Private Banking units in the UK and Romania and also served as the Money Laundering Compliance Officer (Group MLCO), responsible for the AML function for Cyprus Popular Bank in Cyprus and all its overseas subsidiaries. Before his current position he served as the Manager Compliance Risk Management for the International Banking, Wealth & Markets Division of the Bank of Cyprus and was responsible for high risk client on-boarding and for providing guidance and training to the management and staff, on AML and regulatory Compliance matters.
See all courses by Gregory Dellas

Risk-based Anti-Money Laundering (AML)

 

This programme has been approved by the Association of Anti-Money Laundering Specialists (ACAMS) for 5 CAMS Credits. Participation in this course does not substitute the requirement to earn (12) ACAMS credits through ACAMS produced training for CAMS recertification.

 

This seminar is designed for those who work in compliance and AML, Money Laundering Compliance Officers (MLCOs), local compliance officers, internal audit and other relevant areas, as well as those who wish to get a practical perspective on AML and compliance issues. It will focus on updates on the law and relevant directives, the risk-based approach in practice and doing the right thing, it will provide practical tips for keeping current and being effective.

 

It also addresses compliance with the international issues including the international regulatory environment managing the risk of financial crime governance, risk management ethics, integrity and fairness.

 

The risk based approach is extrapolated to reach the compliance function and specifically the monitoring programme which 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.

 

 

Course Content

 

  • ML & TF – what are they in practice?
  • From the FATF to local laws
  • Effective Due diligence – Know your client
  • Customer review process
  • Complex structures – Trusts / Foundations / Funds, Sanctions and Embargoes
  • Effective Transaction Monitoring.
  • Red flags – why and how are they important?
  • Risk Assessment – why it is important to understand the risk
  • The AML programme: Applied Risk-Based approach – “Doing the right thing”
  • Areas covered by the Compliance Unit
  • 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

 

  • Money Laundering & Compliance Officers
  • Compliance Managers
  • Compliance and AML Staff
  • Internal auditors
  • Legal Services

Risk-based Anti-Money Laundering (AML)

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