Training Objectives

By the end of the programme, participants will be able to:

• Describe human trafficking, its types (e.g. sexual exploitation, forced labour, criminality, online exploitation), and the drivers behind it.
• List the red flag indicators observable through customer onboarding, due diligence (CDD) and transaction monitoring.
• Identify Cyprus-specific trends in human trafficking and related vulnerabilities.
• Clarify the physical, psychological, and financial impact on victims.
• Correlate suspicious patterns in financial transactions to possible trafficking activity.
• Prepare and convey key components of a Suspicious Activity Report (SAR) to MOKAS.
• Express the financial sector’s role in mitigating risks, identifying and preventing exploitation.
• Separate indicators of control from standard transaction anomalies.
• Name relevant authorities for referral and escalation of suspected cases.
• Explain how to assess risk related to human trafficking in client portfolios.
• Develop procedures that support survivor inclusion and financial access.
• Substantiate suspicious activity by linking real-life cases to compliance frameworks.
• Perform KYC and AML assessments with a heightened awareness of trafficking risks.
• Organise red flag indicators by type and apply them during case analysis.
• Justify decisions to escalate cases and document suspicious behaviour.
• Choose the appropriate response based on financial transaction patterns.
• Show how to build SARs with complete and relevant information.

Training Outline

Human trafficking and the role of the finance sector

• Defining human trafficking, types and drivers
• The Cyprus Landscape of human trafficking
• The impact of human trafficking on victims
• The power of financial sector in combatting human trafficking
• Financial and reputational risks
• Human trafficking in the digital age
• The use of Cryptocurrencies

Human Trafficking Compliance – a human centred approach

• Human Trafficking Risk assessment
• Mitigating risks and prevention through financial inclusion of vulnerable groups and survivor inclusion
• Identification of human trafficking through AML&KYC
• Identification of human trafficking through transactional analysis

Case studies & Discussion

• Trafficking for the purpose of sexual exploitation
• Trafficking for the purpose of forced labour
• Forced Marriage
• Forced Criminality
• Online Sexual Exploitation
• The financial aspects of the above

Red Flag Indicators

• Red flag indicators of different forms of trafficking
  – Indicators of control
• Behavioural indicators
  – KYC & CDD
• Financial Transaction Pattern indicators
  – Use of Cryptocurrencies

Who Should Attend

• Compliance Officers
• AML/CFT Officers
• Risk Management Professionals
• KYC Analysts
• Internal Auditors
• Banking and Financial Institution Executives
• Professionals in legal or regulatory departments
• Staff involved in customer onboarding and transaction monitoring

Training Style

The course adopts an interactive, applied, and human-centred training style. It combines expert-led presentations, real-life case studies, group discussions, and scenario-based exercises to help participants identify trafficking-related risks and apply AML tools effectively.

Ethical reflection and survivor-sensitive practices are embedded throughout, while practical toolkits and knowledge checks ensure participants can confidently implement learnings in their day-to-day roles.

CPD Recognition

This programme may be approved for up to 6 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.

In-house Training

For groups within the same organisation, this course may be customized to meet any specific needs and delivered in-house.