KYC and Customer Due Diligence for Investment Firms

Setting up onboarding procedures for investment firms

The European Institute of Management and Finance is organising a 4^th AML linked course that will analyse the set standards and disciplines emanating from the regulatory and legislative framework in Cyprus pertaining to the Anti Money Laundering. Explanation of Joint Guidelines under Articles 17 and 18(4) of Directive (EU) 2015/849 on simplified and enhanced customer due diligence and the factors credit and financial institutions should consider when assessing the money laundering and terrorist financing risk associated with individual business relationships and occasional transactions as provided by ESAS at 4^th January 2018. Also, explanation of Joint Guidelines on the characteristics of a risk-based approach to anti-money laundering and terrorist financing supervision, and the steps to be taken when conducting supervision on a risk-sensitive basis as provided by ESAS at 13^th April 2017.

Seminar Content

What is money laundering, the three stages
Due diligence, simplified, enhanced
Introduction of the concept of the Risk Based Approach
Enhanced beneficial ownership requirement; Adapting CDD models and record-keeping
Changes in the treatment of Politically Exposed Persons (PEPs) – Ensuring compliance models and best practices
Changes in policies and procedures
Changes in the penalties regime
Changes in the cash payments
Risk assessments that includes cross-border threats to domestic markets

The link between Anti‐Money Laundering requirements and your audit procedures

What you need to know in your role as AMLCO and Backofficer
What you need to do in practical terms
Know‐Your‐Client procedures; an integral part of your Client Acceptance process
The basic client identification requirements
Emphasis on the Risk‐Based approach; what are the requirements?
Further insight into the risk evaluation process (the risk matrix implementation) and its benefits
Timing of Client identification and due diligence procedures

Impact of assessed Money‐Laundering / Terrorist Financing risk on your client due diligence procedures

Simplified due diligence procedures
Enhanced due diligence procedures

What will you learn

Understanding money laundering and terrorist financing, and the sanctions against said practices
How financial Institutions are vulnerable to money laundering and terrorist financing
Practical Examples
Legal and Regulatory Framework
Reporting obligations of staff and risk-based approach
Case studies from Cyprus and Abroad

Who should attend

Compliance, AML Compliance officers, Back officers of CIFs
Funds and Fund Managers,
Consultancy providers catering towards the financial services sector

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Details

DATES: 20 February

DURATION: 5 Hours

CPD UNITS: 5

LOCATION: CMS Training Centre, Limassol

TIME: 15:00 - 20:30

FEES: €180 + VAT

Additional Dates and Similar Seminars

Start Date	Course Title	Location	CPD Units	Status
23 January	AML 4th Directive	Nicosia	6	COMPLETED
20 Feb	AML Series: KYC and Customer Due Diligence for Investment Firms	Limassol	5	COMPLETED
20 February	AML Series: AML Fundamentals	Limassol		COMPLETED
24 February	CAMS Examination Preparation Course: Become a Certified Anti-Money Laundering Specialist (ACAMS AML Series)	Nicosia	14	COMPLETED
9 March	AML Series: Setting Up Client Onboarding Procedures for Investment Firms	Limassol		COMPLETED
28 March	AML Series: Risk Based AML and Compliance	Limassol	5	COMPLETED
16 April	AML 4th Directive	Nicosia	6	COMPLETED
19 May	AML 4th Directive	Limassol	6	UPCOMING
6 June	KYC and Customer Due Diligence for Investment Firms	Nicosia	5	UPCOMING
9 June	AML series: CAMS Examination Preparation Course: Become a Certified Anti-Money Laundering Specialist (ACAMS)	Nicosia	14	UPCOMING
18 June	AML 4th Directive	Nicosia	6	UPCOMING

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Certificate

Participants will receive a certificate for successful participation indicating all topics covered.

Registration Form

If you need help completing the online registration form, please give us a call at 2227 4470 or email us at [email protected]

In-House Training

If you would like to discuss bringing this or another topic to your organization on an in-house basis please call us at 22274470 or email us at [email protected].

Trainer: Panagiotis Nikolaou

Panagiotis Nikolaou is a professional with many years’ experience in the Financial Services Sector in general and in the world of Investment Firms in particular. He has worked in CIFs in various positions, including that of the General Manager, Risk Manager, Executive Director, as well as on the front line as Head of Dealing and Brokerage Departments. He currently leads AFXAnts with offices in Nicosia, Athens and Durban.

Panagiotis is a full member of Chartered Institute of Securities and Investments (MCSI) and the Society of Technical Analysts (MSTA). He holds CySEC’s Advanced Certification, he is an approved Trainer by the HRDA, and was nominated and sponsored by KPMG and Barclays Bank in 2015 to join “Future Leaders” executive seminars.

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KYC and Customer Due Diligence for Investment Firms