Training Objectives

By the end of the programme, participants will:

• Understand the new EU AML Package and practical implications for readiness.
• Recognize the role of sanctions and sanctions evasion in disrupting illicit flows.
• Define money laundering and terrorist financing, key components and distinctions.
• Identify common ML/TF methods, including crypto-related typologies and industry-specific risks.
• Explain the international, EU, and national regulatory frameworks and supervisory expectations.
• Apply the risk-based approach (RBA) to business-wide and customer risk assessments.
• Implement effective CDD/SDD/EDD practices (PEPs, high-risk countries/situations).
• Strengthen transaction monitoring, red flags, and SAR/STR reporting.

Training Outline

Foundations & Methods

• Definitions of ML & TF
• Common ML/TF methods and techniques
• Financial crime trends

Regulatory Landscape

• International bodies (FATF, etc.)
• Recent AML regulatory developments
• EU AML Package and upcoming framework
• National framework highlights

AML Programme & Risk-Based Approach

• Core elements of a robust AML programme
• Business-wide risk assessment
• Individual customer risk assessment

Due Diligence in Practice

• Customer Due Diligence (CDD) and Simplified Due Diligence (SDD)
• Enhanced Due Diligence (EDD): PEPs, high-risk countries, other scenarios

Sanctions & Sector Risks

• Sanctions and sanctions evasion
• Industry-specific risks

Monitoring, Crypto & Red Flags

• Transaction monitoring essentials
• Cryptocurrencies and virtual assets in ML/TF
• Red flags and typology-driven controls

Reporting & Case Studies

• Suspicious activity reporting (SAR/STR)
• Practical case studies and schemes
• Q&A and key takeaways

Who Should Attend

• COOs
• CFOs
• Directors,
• Senior Managers
• Regulatory compliance officers
• AML Officers
• National supervisors
• Chief legal officers
• Legal advisors

Training Style

The programme is designed to deliver high-level knowledge and insights into the EU financial services regulatory agenda and developments. It will strive to enhance participants’ skills and knowledge via lectures supported by power-point presentations and practical examples. The training style is both training-focused, involving a combination of presentation and real-live examples, but also learner-focused, where participants are encouraged to raise questions, seek clarifications and share their opinions from their different perspectives and engage in an exchange of views and personal professional experiences.

CPD Recognition

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

The course has been approved and verified by the Cyprus Bar Association (CyBAR). The Summary of CyBAR’s Updated CPD Guidelines Based on the Operational Framework of the Cyprus Bar Association (CBA) Academy can be found here.

This training course may be approved as an external activity under the new ACAMS recertification category ”non-ACAMS credits” for up to 7 CPD units. Eligibility criteria and CPD Units are verified directly by the Association of Anti-Money Laundering Specialists (ACAMS). To read more about the non-ACAMS credits policies and eligibility criteria please click here.