The EIMF Live Online Learning Experience
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
The CySEC AML Certification Examination requires very good knowledge of the Prevention and Suppression of Money Laundering and Terrorist Financing Laws of 2007-2019 (“the Law”), CySEC’s Directive for the Prevention and Suppression of Money Laundering and the Risk Factor Guidelines of the European Supervisory Authorities, among other things.
Persons who pass the CySEC AML Certification Examination can be appointed as AML compliance officers at CySEC-regulated legal entities. Successful candidates will then be registered in the AML Compliance Officers Register.
Why Professionals Choose the EIMF CySEC Preparation Course
In addition to the most updated and concise material, those attending the EIMF CySEC AML Certification Examination preparation courses will greatly benefit from:
Target Audience of the EIMF CySEC AML Certification Examination
The exam is addressed to all individuals who are interested in being appointed as AML compliance officers at CySEC-regulated legal entities.
All participants will receive the EIMF preparation booklets that include the presentation notes, glossary of all major terms, revision questions with answers and 4 online mock examinations.
Course Content and Examinations
The assessment structure of the CySEC AML Certification Examination is a 60-minute examination consisting of 40 multiple choice questions and covers the following elements:
Chapter 1: Introductory Provisions
Chapter 2: Understanding Money Laundering, Terrorist Financing and Sanctions
Chapter 3: Legal and Regulatory Requirements
Chapter 4: The AML Compliance Culture
Chapter 5: Assessing and Managing Risks
Chapter 6: Know your Customer (KYC) and Customer Due Diligence (CDD)
Chapter 7: Transaction Monitoring and Suspicious Reporting
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).
This programme may be approved for up to 16 CPD units in AML and Financial Regulation. Eligibility criteria and CPD Units are verified directly by your association, regulator or other bodies which you hold membership.
The Association of Anti-Money Laundering Specialists (ACAMS) has confirmed that this programme is accredited for 16 CAMS Credits. Participation in this course does not substitute the requirement to earn (12) ACAMS credits through ACAMS produced training for CAMS recertification.
Registration and Re-registration Procedure for Examinations and Registry
In order to register for the CySEC examinations, prospective candidates are required to complete the online CySEC application . After registering, an automatic payment receipt will be sent to the candidates. In the event that a candidate wishes to make any changes to their exam application or cancel their participation in the exam, they may do so only eight (8) working days prior to the exam date and after paying the relevant fee. Successful candidates may register in the AML compliance officers register within four (4) weeks of receiving the relevant email notification by CySEC.
In case candidates fail the exam, they are obliged to apply to take the next examination in a period of twelve (12) months. The twelve-month period starts from the initial start date of the examination. In case an individual fails the exam in the twelve month-period, then their appointment as AML compliance officer shall not resume until they have managed to pass the exam.
In case you have any queries regarding the examinations, you are kindly requested to forward them to the following email: email@example.com.
The exams will be held every Tuesday and Thursday in Nicosia, Cyprus.
The examination fee is €300.00 and is payable directly to CySEC upon registration to the exam.
CPD Educational Requirements and Annual Renewal Fee
To maintain registration in the CySEC public register for AML Compliance Officers, successful holders of the CySEC AML Certification Licence need to take 10 hours of related CPD training for each calendar year and pay to the Commission an annual renewal fee of €80.
For further information about the CySEC Examinations, please visit https://www.cysec.gov.cy/en-GB/public-info/certifications-and-seminars/certifications/
€293.00 – €565.00The above fee is subject to 19% VAT
|Are you applying for the HRDA subsidy?||
Day 1: December 08, 2021 | 16:00-20:30
Day 2: December 09, 2021 | 16:00-20:30
Day 3: December 15, 2021 | 16:00-20:30
Day 4: December 16, 2021 | 16:00-20:30
Start time: 16:00 EEST
End time: 20:30 EEST
Venue: Live Online
Coordinates: 16 | Duration: 16 hrs
Directions: Anna Stylianou (view the trainer's bio below)