Training Objectives

By the end of the programme, participants will:

• Update on the new EU AML Package, implications and how to be prepared.
• Recognize the significance of sanctions and sanctions evasion in disrupting illicit financial flows.
• Define money laundering and terrorism financing, including their key components and distinctions.
• Identify common methods and techniques used for committing money laundering and terrorism financing.
• Describe the regulator’s approach to AML & CTF.
• Explain the international legal framework designed to combat money laundering and terrorist financing, including recent and upcoming regulatory updates.
• Summarize the EU legal framework’s approach to AML & CTF, highlighting recent and upcoming regulatory changes.
• Outline the national legal framework for AML & CTF in various jurisdictions, noting key updates and regulatory developments.
• Utilize a risk-based approach to conduct business-wide risk assessments and individual customer risk assessments.
• Implement Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD) practices in real-world scenarios.

Training Outline

• Money laundering (ML) methods
• The role of cryptocurrencies in money laundering
• Terrorist Financing (TF)
• International Bodies to combat ML/TF
• The Cyprus/EU regulatory framework
• The regulator’s approach to financial crime
• The AML program
• The risk-based approach

– Business-wide risk assessment

– Individual customer risk assessment

• Financial Crime Trends in 2024
• Customer Due Diligence
• Simplified Due Diligence (SDD)
• Enhanced Due Diligence (EDD)

– PEPs

– High-risk countries

– Other high-risk situations

• Recent and Upcoming Regulatory Updates
• Sanctions and Sanctions Evasion
• Suspicious Activity Reporting
• Money Laundering Schemes
• The Culture of compliance
• Case study examples

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 6 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.

This training course may be approved as an external activity under the new ACAMS recertification category ”non-ACAMS credits” for up to 6 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.