Risk-Based Compliance and AML

Risk Based Compliance and Anti-Money Laundering

This seminar is designed for those who work in compliance and AML, Money Laundering Compliance Officers (MLCOs), local compliance officers, internal audit and other relevant areas, as well as those who wish to get a practical perspective on AML and compliance issues. It will focus on updates on the law and relevant directives, the risk-based approach in practice and doing the right thing, it will provide practical tips for keeping current and being effective. It also addresses compliance with the international issues including the international regulatory environment managing the risk of financial crime governance, risk management ethics, integrity and fairness.


The risk based approach is extrapolated to reach the compliance function and specifically the monitoring programme  which is developing in one of the most important functions for the banks, as well as for the financial and insurance institutions, as demonstrated by several international scandals impacting the reputation of big financial institutions.

Course Content:

  • ML & TF – what are they in practice?
  • From the FATF to local laws
  • Effective Due diligence – Know your client
  • Customer review process
  • Complex structures – Trusts / Foundations / Funds, Sanctions and Embargoes
  • Effective Transaction Monitoring.
  • Red flags – why and how are they important?
  • Risk Assessment – why it is important to understand the risk
  • The AML programme: Applied Risk-Based approach – “Doing the right thing”
  • Areas covered by the Compliance Unit
  • Interrelation of the Compliance Officer and the Compliance Unit, with other roles/units in a regulated company (lawyer, internal auditor,risk officer etc)
  • Practical tools and methodologies which  facilitate the daily work of the Compliance Officer

This course is addressed to:

  • Money Laundering & Compliance Officers
  • Compliance Managers
  • Compliance and AML Staff
  • Internal auditors
  • Legal Services
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DATES: 28 March



LOCATION: CMS Training Centre, Limassol

TIME: 09:00 - 16:00

FEES: €180 + VAT


Registration Form

If you need help completing the online registration form, please give us a call at 2227 4470 or email us at info@eimf.eu 


In-House Training

If you would like to discuss bringing this or another topic to your organization on an in-house basis please call us at 22274470 or email us at info@eimf.eu.


Trainer: Panayiotis Antoniou, MCSI, MBA, MIS, MPSM

Mr. Antoniou is a professional with 18 years-experience in the Banking and Insurance Sectors. He holds a Bachelor degree in Computer Science from State University of New York, USA, a Master’s degree in Information Systems from Virginia Tech, USA, a Master’s in Business Administration and a Master’s in Public Sector Management. He is also a member of the Project Management Institute and a partially-qualified member of the Association of Certified Chartered Accountants (ACCA). He is a holder of CySEC’s Advanced Certificate in Financial Services Legal Framework, a full member of the Chartered Institute for Securities & Investment (MCSI) specialising in Compliance & Risk and an approved trainer by the HRDA. He is currently the Head of Capital Adequacy Department of a large Advisory Group specializing in consulting regarding Regulatory and Risk related issues specializing in Basel III (CRDIV) matters (Pillar 1,2,3) and financial reporting of Investment Firms.