The Super MLCO: from Theory to Practice

This updated seminar is designed to help those who manage AML compliance as the firm’s Money Laundering Compliance Officer (MLCO), as well as other professionals who work within the compliance function and/or department.

The programme will touch upon updates on the law and relevant directives, it will provide practical tips for ensuring utmost effectiveness and consider how this engages with the business.  Furthermore, the programme will examine how professionals can keep an AML programme constantly current and on the right track.

Training Objectives

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

• Understand the legal framework on AML/CTF in Cyprus and abroad
• Understand the role and obligations of the MLRO
• Understand how to manage the AML compliance department effectively
• Learn how to keep current and informed

Training Outline

• THE WHY
  • 5 ideas to get you started
  • Money Laundering Defined – the 3 stages
  • Terrorist Financing

• THE WHAT
  • International Bodies
  • Regulation in Cyprus
  • Roles and Responsibilities
  • From suspicion to SAR
  • MLCO reporting
  • Case Studies

• THE HOW
  • Reasonable Steps Defence
  • Creating Value
  • How to be informed and stay current

Training Style

The programme is designed to deliver knowledge and enhance participants’ skills via real-life case-studies, practical examples and videos.

Who should attend

The programme is ideal for:

• Money Laundering Compliance Officers
• Compliance Managers
• Compliance Staff
• Internal audit personnel
• Legal Services professionals
• Aspiring AML professionals