For 3 registrations from the same entity, a standard 10% discount will apply. For over 4 registrations please contact us.
Monday 12/07/2021 - 16:30-21:00
Friday 16/07/2021 - 16:30-21:00
Monday 19/07/2021 - 16:30-21:00
Thursday 22/07/2021 - 16:30-21:00
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
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/
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.