ΠΕΡΙΓΡΑΦΗ

As criminals invent more and more ways to cover up their illegal activities, so does the need for professionals in these industries to understand their obligations under the Law but also to meticulously follow specific regulatory compliance procedures. The need for the best and most thorough management of the risks that may arise in financial transactions with clients / partners, is increasingly imperative for the financial sector as well as for lawyers and accountants.

The purpose of the seminar is to cover the provisions of the legislation on the Prevention and Combating of Money Laundering and any changes linkd with EU Directives and Regulations. During the seminar the main parameters of the risk-based approach will be explained, the main actors, as well as the procedures to be followed by the responsible entities will be examined.

ΣΚΟΠΟΣ ΣΕΜΙΝΑΡΙΟΥ

At a Knowledge Level

Describe techniques used by criminals for money laundering & terrorist financing purposes.

Name and describe the 3 stages of AML & CTF.

At a skills level:

Develop and implement a "risk-based approach" for each client.

Document the implementation of enhanced and simplified "due diligence measures" in proportion to the potential risk arising from the respective professional relationship / agreement.

At an Approach level:

Cooperate with the supervisory authorities / supervisors accordingly

They compare their internal procedures with the provisions of the Law.

ΣΕ ΠΟΙΟΥΣ ΑΠΕΥΘΥΝΕΤΑΙ

The course is addressed to:

• Regulatory compliance officers of administrative service companies.
• Executives / regulatory compliance officers of Banks, Investment Services Providers and Insurance Companies.
• Supervisory Officers - Supervision Department.
• Executives exercising auditing responsibilities in companies (such as internal auditors, certified auditors and operational risk management executives).
• Lawyers, Accountants, Brokers and all liable entities, based on the relevant legislation.

ΠΕΡΙΣΣΟΤΕΡΕΣ ΠΛΗΡΟΦΟΡΙΕΣ

This course covers 7 topics.

Instructor Style:

The course is delivered by someone with hands on experience. Highly practical, relevant.The instructor blends theory with highly practical case studies and examples derived from his long experience.

CPD accreditation:

*The course may be approved for up to 3CPD units verified directly by the participant's association, regulator or other bodies which holds membership.

** For the Cyprus Bar Association Members this counts as part of their Continuous Professional Development, qualified as Non-verifiable CPDs.