Training Objectives

The programmes will:

• Provide an understanding of the main money laundering methods and practices.
• Present the current regulatory framework in Cyprus and the EU
• Present the Risk Factor Guidelines requirements with regards to business-wide and individual risk assessments.
• Establishing an appropriate AML program in an entity.
• Implement appropriate CDD procedures on a risk-based approach.

Training Outline

• Basic stages of money laundering
• International efforts to combat money laundering
• The EU regulatory framework
• The Cyprus AML Law
• AML Culture and Governance
• The risk-based approach
• Business-wide risk assessment
• Individual customer risk assessment
• Customer Due Diligence (CDD)
• Simplified Due Diligence (SDD)
• Enhanced Due Diligence (EDD)
• Suspicious Transaction/Activity Reporting (STR/SAR)
• Case studies and examples

Who Should Attend

• Legal advisors
• Compliance officers
• AML officers
• Senior managers
• Directors
• Employees in regulated entities

Industry Expert | Anna Stylianou

Anna has extensive experience in the financial industry in the field of regulatory compliance. She has worked for many years in the banking industry and has served as a member of the Board of Directors in entities supervised by the Central Bank of Cyprus and CySEC.

Through her long-term experience she has obtained a thorough understanding of the overall financial services regulatory requirements, ensuring that regulated entities implement appropriate policies and procedures to comply with regulatory obligations especially in the field of AML.

Furthermore, Anna has worked with reputable lawyers in the legal industry and acted as an independent trusted advisor for cases and projects in the areas of her expertise.

She is a holder of a BSc (Hons) in the Retail Financial Services and has an Associateship from the London Institute of Banking and Finance (ALIBF). Anna is also certified by CySEC with the Advanced and AML Certification, a Certified Fraud Examiner (CFE) and a certified trainer by the Human Resource and Development Authority (HRDA).

Training Style

The programme is designed to deliver knowledge, consolidate, and enhance participants’ knowhow and skills via presentations, case-studies and practical examples. The use of interactive case studies will help participants to think critically about scenarios that will be relevant to their respective roles and organisations.

CPD Recognition

This programme may be approved for up to 5 CPD units in Financial Regulation & AML.  Eligibility criteria and CPD Units are verified directly by your association, regulator or other bodies which you hold membership.