ΠΕΡΙΓΡΑΦΗ

AML Compliance is a critical aspect for the financial industry, with regulated companies being under a constant scrutiny by the regulatory authorities. Knowledge and compliance of AML legislation is therefore essential in all such organizations. This is an interactive seminar which aims to give an insight into the required AML procedures through the use of case studies, exercises and real-life examples. Focus will also be given to the requirements of the various regulatory bodies and the frequent findings of monitoring visits.

ΣΚΟΠΟΣ ΣΕΜΙΝΑΡΙΟΥ

The purpose of this training program is primarily to establish a culture of compliance awareness at every level of an organization on an ongoing basis. The focus is to build knowledge about the involvement and contribution of each profession in detecting and preventing financial crime through regular updates on issues relating to AML compliance.

At the end of this seminar, participants will be able to:

• Be aware of the policies and procedures required to be compliant with the law
• Apply due diligence procedures following the guidelines and instructions of the relevant law
• Execute procedures for reporting suspicious transactions and activities
• Perform an effective risk-based approach in their workplace
• Calculate and measure the risks involved in concluding any business relationship and be in a position to manage them
• Interpret how developments in the international and domestic sectors can affect due diligence processes in the obliged entities
• Proactively review their clients in order to prevent money laundering and corruption
  

ΣΕ ΠΟΙΟΥΣ ΑΠΕΥΘΥΝΕΤΑΙ

This program is specifically designed for

• Compliance officers
• Lawyers
• Accountants
• Corporate Service Providers
• Internal and external auditors
• Other professionals in related disciplines
  

ΠΕΡΙΣΣΟΤΕΡΕΣ ΠΛΗΡΟΦΟΡΙΕΣ

This seminar will cover the below topics:

• Money Laundering and Illegal activities,
• Board of Directors (BOD),
• Internal Auditors and the Compliance Officer responsibilities,
• Risk Assessment and the Risk Based Approach,
• Customer Due Diligence procedures (CDD) and Know your Client procedures (KYC),
• Client Acceptance and ongoing monitoring,
• Cyprus regulators and their requirements,
• Upcoming Developments.