KYC and Customer Due Diligence for Investment Firms

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 4th 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 4th 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 13th 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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DATES: 20 February



LOCATION: CMS Training Centre, Limassol

TIME: 15:00 - 20:30

FEES: €180 + VAT

Start DateCourse TitleLocationCPD UnitsStatus
23 JanuaryAML 4th DirectiveNicosia6COMPLETED
20 Feb AML Series: KYC and Customer Due Diligence for Investment FirmsLimassol5COMPLETED
20 FebruaryAML Series: AML FundamentalsLimassolCOMPLETED
24 FebruaryCAMS Examination Preparation Course: Become a Certified Anti-Money Laundering Specialist (ACAMS AML Series)Nicosia14COMPLETED
9 MarchAML Series: Setting Up Client Onboarding Procedures for Investment Firms
28 MarchAML Series: Risk Based AML and ComplianceLimassol5COMPLETED
16 AprilAML 4th DirectiveNicosia6COMPLETED
19 MayAML 4th DirectiveLimassol6UPCOMING
6 JuneKYC and Customer Due Diligence for Investment FirmsNicosia5UPCOMING
9 JuneAML series: CAMS Examination Preparation Course: Become a Certified Anti-Money Laundering Specialist (ACAMS)Nicosia 14UPCOMING
18 JuneAML 4th Directive Nicosia 6UPCOMING


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.