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Duties and Responsibilities of an AML and Compliance Officer in relation to the AIFM and the AIFs under Management



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Start
March 4, 2021 3:00 pm
End
March 5, 2021 8:30 pm
Address
25 Megaron Street, 2032 Strovolos, Nicosia, Cyprus   View map
Phone
+357-22274470
Email
CPD Units
10
Duration
10 hrs
Fees
HRDA Eligible: €250, Non-HRDA Eligible €420 (both + €79.80 VAT)

HRDA is a subsidy provided to companies registered in Cyprus that meet specific criteria. More Information

Schedule

Thursday 04/03/2021 - 15:00-20:30

Friday 05/03/2021 - 15:00-20:30

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Description

Event Details

 

Perhaps one of the most demanding and high intensity roles in the Finance Sector is that of the Compliance officer and AMLCO.

 

In the Cyprus Fund Sector, the decision makers have been particularly keen to modernize the local regulatory framework in line with the EU fund regulations. This harmonization process entailed the passing of a number of Laws and Regulations concerning AIFs and AIFMs, then followed by a number of Directives and Guidelines by the competent authority CYSEC.

 

In the AML sphere, EU member states fully implemented the 4th AML Directive which Cyprus transposed into Cyprus Law by amending the existing AML and terrorist financing Laws. I n spring 2018 the EU Parliament adopted a 5th AML Directive to become effective in early 2020 which Cyprus will without doubt respond to with further amendments to the exiting AML Regulations.

 

The huge task of ensuring the constant compliance of an AIFM with the various legal and regulatory developments applicable; cultivating a company internal compliance culture; identifying, assessing and understanding an AIFM’s AML and terrorist financing risks, threats and vulnerabilities, is all undertaken by the AML and Compliance Officer.

 

This programme will examine all these duties and obligations of a Compliance Officer in relation to the AIFM internally and the AIFs under management.

 

 

Training Objectives

 

Participants of the programme will attain an understanding of the duties and responsibilities of a Compliance Officer employed by an AIFM.

 

Through a practical analysis of the AML & other Regulatory Compliance obligations of AIFMs internally, and also in relation to the AIFs they manage participants will learn what actions an AML and Compliance officer needs to take to ensure the compliance of the AIFM with the applicable laws and regulations.

 

 

Speaker
Athos Myrianthous

Mr. Athos Myrianthous is a senior Legal Advocate with expertise in Finance and Commercial Law. He holds an Honours degree in Law (LLB) from Queen Mary University London, a Masters Degree in International Commercial Law (LLM) from the University of Westminster and a Masters Degree in Finance (MSC .SH) from Cass Business School, City University. He is a member of the Cyprus Bar, the Cyprus Investment Funds Association (CIFA) and a holder of CYSEC’s Advanced Certificate in Financial Services Legal Framework. He held various positions in the Legal and Finance Sector and provided expert advice and technical assistance in Finance Law, Funds Law and International Commercial Law both on a local and International level. He served as Head of Compliance in Fortified Capital Limited, an Alternative Fund Management Company (AIFM) regulated by CYSEC. Currently he is the Manager in BDO Fund Services, Cyprus specializing in Fund Set Up, Administration and Compliance.
See all courses by Athos Myrianthous