ΠΕΡΙΓΡΑΦΗ

• The CySEC AML Certification Examination requires very good knowledge of the Prevention and Suppression of Money Laundering and Terrorist Financing Laws of 2007-2019 (“the Law”), CySEC’s Directive for the Prevention and Suppression of Money Laundering and the Risk Factor Guidelines of the European Supervisory Authorities, among other things.
  
  Persons who pass the CySEC AML Certification Examination can be appointed as AML compliance officers at CySEC-regulated legal entities. Successful candidates will then be registered in the AML Compliance Officers Register.
  
  
  
  
  Why Professionals Choose the EIMF CySEC Preparation Course
  In addition to the most updated and concise material, those attending the EIMF CySEC AML Certification Examination preparation courses will greatly benefit from:
  • A proven track record of highly successful CySEC Examination Preparation Courses
  • In-depth expertise of those who deliver the course; the EIMF training team are industry experts with practical knowhow as well as experienced in the delivering exam preparation courses for CySEC Certifications
  • Through our vast experience, our training team have designed a very well-structured course to assist participants to comprehend the knowledge and absorb the required knowledge of the syllabus topics as required for the examination
  • The EIMF training team provide volunteer support to questions raised post-completion of the preparation courses
  
  
  Target Audience of the EIMF CySEC AML Certification Examination
  The exam is addressed to all individuals who are interested in being appointed as AML compliance officers at CySEC-regulated legal entities.
  
  
  Preparation Material
  All participants will receive the EIMF 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 AML Certification Examination is a 60-minute examination consisting of 40 multiple choice questions and covers the following elements:
  
  
  Chapter 1: Introductory Provisions
  References used in the manual
  The Cyprus Securities & Exchange Commission
  Becoming an AML certified compliance officer
  The objectives of the CySEC AML Certification
  Workbook for the AML Certification Examination
  
  
  Chapter 2: Understanding Money Laundering, Terrorist Financing and Sanctions
  What is Money Laundering (ML)?
  The 3 (three) stages of ML
  ML threats and vulnerabilities in accordance with the NRA and methods of ML
  Terrorist Financing (TF) and TF Criminalization
  Sanctions
   
  Chapter 3: Legal and Regulatory Requirements
  Unit for Combating Money Laundering
  The Supervisory Authority
  Main provisions of the AML/CFT Law with regard to criminal liability, offences and penalties
  European Directives
  FATF
  High Risk Third Countries
  MONEYVAL
  The Combating of Terrorism Law of 2010 (N. 110(I)/2010) on the Fight against Terrorism
  The United Nations Security Council Resolutions and Decisions (Sanctions) and the Council of the European Union (Restrictive Measures) Law of 2016 (58(I)/2016)
  
  
  Chapter 4: The AML Compliance Culture
  Basic elements of a strong compliance culture
  Internal Policies, Controls and Procedures
  The Role of the BoD
  The role and duties of the Compliance Officer, the Alternate Compliance Officer and Assistants
  The establishment and role of an Internal Audit function
  Employees obligations, education and training
  
  
  Chapter 5: Assessing and Managing Risks
  Risk-Based Approach (RBA)
  Identifying ML and TF risks
  Factors to determine risks
  Assessing ML/TF Risks
  On-going monitoring of the risk assessment and record keeping
  
  
  Chapter 6: Know your Customer (KYC) and Customer Due Diligence (CDD)
  Procedures for the prevention of ML and TF
  Customer Identification and Due Diligence procedures
  Simplified Customer Due Diligence (SDD)
  Enhanced Customer Due Diligence (EDD)
  Sectoral guidelines for application of Customer Due Diligence measures
  Ongoing Monitoring
  Beneficial Ownership information
  Reliance on third parties
  CDD in case of networking of Obliged Entities or groups
  Prohibition of cooperation with shell banks
  Processing of personal data
   
  Chapter 7: Transaction Monitoring and Suspicious Reporting
  Internal reporting procedures and external reporting to the Unit
  Examples of suspicious transactions and activities related to ML and TF
  
  
  CPD Recognition
  This programme may be approved for up to 16 CPD units in AML and Financial Regulation. Eligibility criteria and CPD Units are verified directly by your association, regulator or other bodies which you hold membership.
  Professionals requiring CPD units to meet the education requirements for CySEC licence renewal, and/or for maintaining other professional memberships/certifications which accept CPD in AML and Financial Regulation, are advised to consider training subjects in categories that indicate CPD training in AML and CPD training in Financial Regulation.
  The Association of Anti-Money Laundering Specialists (ACAMS) has confirmed that this programme is accredited for 16 CAMS Credits. Participation in this course does not substitute the requirement to earn (12) ACAMS credits through ACAMS produced training for CAMS recertification.
  
  
  Registration and Re-registration Procedure for Examinations and Registry
  In order to register for the CySEC examinations, prospective candidates are required to complete the online CySEC application . After registering, an automatic payment receipt will be sent to the candidates. In the event that a candidate wishes to make any changes to their exam application or cancel their participation in the exam, they may do so only eight (8) working days prior to the exam date and after paying the relevant fee. Successful candidates may register in the AML compliance officers register within four (4) weeks of receiving the relevant email notification by CySEC.
  In case candidates fail the exam, they are obliged to apply to take the next examination in a period of twelve (12) months. The twelve-month period starts from the initial start date of the examination. In case an individual fails the exam in the twelve month-period, then their appointment as AML compliance officer shall not resume until they have managed to pass the exam.
  In case you have any queries regarding the examinations, you are kindly requested to forward them to the following email: certifications@cysec.gov.cy.
  
  
  Examination Dates
  The exams will be held every Tuesday and Thursday in Nicosia, Cyprus.
  
  
  
  
  Examination Fees
  The examination fee is €300.00 and is payable directly to CySEC upon registration to the exam.
  
  
  
  
  CPD Educational Requirements and Annual Renewal Fee
  To maintain registration in the CySEC public register for AML Compliance Officers, successful holders of the CySEC AML Certification Licence need to take 10 hours of related CPD training for each calendar year and pay to the Commission an annual renewal fee of €80.
  For further information about the CySEC Examinations, please visit https://www.cysec.gov.cy/en-GB/public-info/certifications-and-seminars/certifications/
  
  
  Trainer
  Anna Stylianou

  Anna Stylianou has extensive in-depth experience of the entire banking and the broader financial industry in Cyprus. Having worked for many years with financial institutions, either as an employee or an independent advisor, Anna, has gained a thorough understanding of all banking procedures including AML and payments. Also, she has been actively involved in regulatory compliance, risk management, corporate governance, strategic planning and financial reporting/analysis. She is currently the COO and an executive member of the board of an EMI licensed by Central Bank of Cyprus ensuring compliance with PSD2 requirements. Also, she is a non-executive director in an investment firm supervised by Cysec providing advice to professionals in executive and non-executive positions. Furthermore, Anna has extensively worked with reputable lawyers in the legal industry and acted as an independent trusted advisor for cases and projects in the areas of her expertise. Anna holds a BSc (Hons) in Retail Financial Services (ALIBF) from The London Institute of Banking and Finance, a holder of the Cysec's Advanced Certificate and she is a certified Trainer by the Human Resource Development Authority (HRDA).

ΠΕΡΙΣΣΟΤΕΡΕΣ ΠΛΗΡΟΦΟΡΙΕΣ

Panagiotis Nikolaou

Panagiotis Nikolaou is a professional with many years’ experience in the Financial Services Sector in general and in the world of Investment Firms in particular. He has worked in CIFs in various positions, including that of the General Manager, Risk Manager, Executive Director, as well as on the front line as Head of Dealing and Brokerage Departments. He currently leads AFXAnts with offices in Nicosia, Athens and Durban. Panagiotis is a full member of Chartered Institute of Securities and Investments (MCSI) and the Society of Technical Analysts (MSTA). He holds CySEC’s Advanced Certification, he is an approved Trainer by the HRDA, and was nominated and sponsored by KPMG and Barclays Bank in 2015 to join “Future Leaders” executive seminar