ΠΕΡΙΓΡΑΦΗ

The AMLCO Certification is required for the person appointed as compliance officer in all entities regulated by the Cyprus Securities and Exchange Commission (‘CySEC’), under the provisions of article 69 of the Prevention and Suppression of Money Laundering and Terrorist Financing Law. The appointed compliance officer’s role and duties are as defined in CySEC’s Directive for the Prevention and Suppression of Money Laundering and Terrorist Financing.

A person may only be appointed as AMLCO once he/she has passed the AMLCO examination and has registered in CySEC’s AMLCO register.

ΣΚΟΠΟΣ ΣΕΜΙΝΑΡΙΟΥ

The purpose of the examinations is to ensure that candidates are able to demonstrate a thorough and appropriate level of knowledge and understanding of the Anti-Money Laundering and terrorist financing regulatory framework.

ISOLAB and its Collaborators facilitate this certification procedure through the CySEC AML Certification Examination Preparation Courses, with the aim to ensure that candidates gain a comprehensive understanding of the examination content and receive adequate preparation for the examination itself.

Develop a detailed framework for the provisions on the Prevention and Suppression of Money Laundering and Terrorist Financing and to properly prepare for the specific examination. The candidates attending the ISOLAB training courses for CySEC AMLCO Certification Examination preparation courses will benefit from the expertise of the training team who are industry experts and practitioners, with many years of experience in the Financial Sector and Capital Market in responsible positions and themselves belong to the CySEC certified register.

Our training team have designed an enhanced structured course to assist participants to comprehend and absorb the required knowledge of the syllabus topics as required for the examination. The Isolba training team will provide support to questions raised post-completion of the preparation courses.

ΣΕ ΠΟΙΟΥΣ ΑΠΕΥΘΥΝΕΤΑΙ

To all individuals of organizations and companies, including Managerial staff, who have any direct or indirect supervisory relationship with CySEC and wish to maximize the effort to prepare for a successful outcome in the relevant examination and be included in the CySEC AMLCO registry. 

The program is also applicable to any candidate seeking professional certification from the Commission through this examination. The exam is addressed to all existing AMLCO and to individuals that are interested in being appointed as AMLCO compliance officers at CySEC-regulated legal entities.

ΠΕΡΙΣΣΟΤΕΡΕΣ ΠΛΗΡΟΦΟΡΙΕΣ

Preparation Material

All participants will receive the preparation booklets that include the presentation notes, glossary of all major terms and revision questions with answers and references.

Course Content and Examinations  

The assessment structure of the CySEC "AMLCO"  Certification Examination is a multiple choice questions with a 70% passing rate and covers the following elements:

CHAPTER 1     INTRODUCTORY PROVISIONS

CHAPTER 2     UNDERSTANDING MONEY LAUNDERING, TERRORIST FINANCING AND SANCTIONS

CHAPTER 3     LEGAL AND REGULATORY REQUIREMENTS

CHAPTER 4     THE AML COMPLIANCE CULTURE

CHAPTER 5     ASSESSING AND MANAGING RISKS

CHAPTER 6     KNOW YOUR CUSTOMER (KYC) AND CUSTOMER DUE DILIGENCE (CDD)

CHAPTER 7     TRANSACTION MONITORING & SUSPICIOUS REPORTING

• EXAMINATION PRACTICE QUESTIONS

Training Team

Gabriel Styllas - Founder at Fivecomply

Gabriel has more than 20 years of experience in international banking and the financial services sector. He has served as a member of the Board of Directors in numerous investment firms and credit institutions. Gabriel is the founder of FIVECOMPLY assisting Investment Firms, Investment Funds, and Payment Institutions in international licensing, establishment, and operations.

Kyriakos Koutis - Founder/Head Instructor at ComplyToday

Kyriakos has more than 17 years of experience in various positions within the financial industry. During the last 9 years he has designed and delivered various training programs related to his field of proficiency. After becoming a HRDA trainer, he launched COMPLYTODAY.

Constantinos Toumasis -Partner – Senior Trainer at ComplyToday

Constantinos is a professional member of International Compliance Association (MICA) with 27 years-experience in the Banking and Investment Sector. He is an approved HRDA trainer and partner/senior instructor of COMPLYTODAY.

Michalis Symeonides - Trainer at ComplyToday

Michalis has more than 20 years of experience in the financial sector holding positions of compliance, internal control and customer service. He is an Associate of the Chartered Institute of Bankers [UK) and holds BSC in financial services.