€170 - €290
Live Online
6 CPD Units | 6 Hours
HRDA Subsidised
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
This course provides a comprehensive understanding of how to detect, report, and prevent suspicious activities and transactions within financial institutions. Participants will gain insight into the regulatory framework governing anti-money laundering (AML) and counter-terrorist financing (CTF), as well as best practices for monitoring, investigating, and reporting unusual transactions.
Through practical case studies, hands-on exercises, and regulatory guidance, participants will develop the skills necessary to protect their institutions from financial crimes and maintain compliance with legal obligations.
Training Objectives
By the end of the programme, participants will:
Understand the regulatory and legal framework for detecting suspicious activities, including AML and CTF requirements.
Identify indicators of suspicious transactions and unusual customer behaviour.
Apply effective transaction monitoring techniques and risk-based approaches.
Document, investigate, and report suspicious activities to the appropriate authorities.
Understand the roles and responsibilities of financial institutions in preventing financial crime.
Implement internal controls, policies, and procedures to mitigate risks.
Analyse real-life case studies to enhance practical skills in detecting and responding to suspicious transactions.
Training Outline
Introduction to Suspicious Activity
Definition and importance of monitoring suspicious activity
Regulatory and legal framework (AML, CTF, FATF recommendations)
Role of financial institutions in preventing financial crime
Understanding Suspicious Transactions
Types of suspicious transactions
Red flags and behavioural indicators
High-risk customers, accounts, and jurisdictions
Transaction Monitoring and Detection
Monitoring techniques and systems
Risk-based approach to suspicious transaction detection
Use of technology and data analytics in monitoring
Reporting and Escalation Procedures
Internal reporting requirements
Preparation of Suspicious Activity Reports (SARs)
Confidentiality and legal protections for reporting staff
Investigation of Suspicious Activities
Steps to investigate unusual transactions
Documentation and evidence collection
Coordination with compliance and law enforcement
Compliance and Internal Controls
Developing and implementing AML/CTF policies and procedures
Staff training and awareness programs
Periodic audits and compliance assessments
Case Studies and Practical Exercises
Real-world examples of suspicious transactions
Group exercises and role-playing scenarios
Lessons learned and best practices
Who Should Attend
Compliance Officers
Risk Managers
AML and CTF Analysts
Internal Auditors
Financial Institution Managers and Supervisors
Law Enforcement and Regulatory Professionals
CDD and KYC Specialists
Training Style
The training will combine theoretical lessons with practical, hands-on activities to engage participants. Interactive discussions, case studies, and real-world examples will help participants apply monitoring techniques and investigate suspicious activities.
CPD Recognition
This programme may be approved for up to 6 CPD units in Financial Regulation and AML. 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.
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.
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