Training Objectives

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

• The implementation and enforcement of EU sanctions in Cyprus
• The impact of EU sanctions on trust structures (in Cyprus), the challenges and the legal implications involved

Training Outline

The course will provide an overview of the following:

• Overview of EU sanctions
• Implementation and enforcement (EU & Cyprus)
• Impact on trust structures
• Key challenges in Cyprus
• Legal implications for trustees
• Article 5m of Regulation (EU) No 833/2014
• Case studies
• Conclusions

Who Should Attend

• Professional individual trustees
• Professional corporate trustees
• Private Trust Companies
• Directors and Senior Management
• AML Officers
• Lawyers
• Regulatory Compliance Officers
• Industry Regulators and Competent Authorities personnel

Training Style 

The programme is designed to deliver high-level knowledge and insights into the EU Restrictive Measures – sanctions regime. It will strive to enhance participants’ skills and knowledge on the application of such restrictive measures, the different types of sanctions with special focus on the provision of professional services to clients with a Russian connection trough power point presentation 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 2 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.

In-house Training

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