ΠΕΡΙΓΡΑΦΗ

ΣΚΟΠΟΣ ΣΕΜΙΝΑΡΙΟΥ

By the end of the webinar, participants will:

• Acknowledge the main provisions of The Prevention and Suppression of Money Laundering and Terrorist Financing Law
• Define the relevant European Directives and best practices (including the 5th AML Directive)
• Describe the supervisory process and their responsibilities deriving from the regulatory framework
• Explain the required due diligence procedures and the monitoring activity required to be performed
• Demonstrate how a risk-based can be achieved
• Implement procedures and systems that are required for the monitoring and prevention of money-laundering.

ΣΕ ΠΟΙΟΥΣ ΑΠΕΥΘΥΝΕΤΑΙ

The training will cover the Cyprus regulatory framework as well as good practices followed by foreign regulators and financial services participants.  Therefore, entities such as Cyprus Investment Firms and Administrative Service Providers which fall under the CySEC’s supervision, as well as Banks, will benefit by attending this seminar. Professionals from Law firms and/or Fiduciary Companies, who are members of the Cyprus Bar Association and/or ICPAC, may also attend. More specifically, this training is mostly suitable for compliance officers of Cyprus Investment Firms and/or Administrative Services Providers, newly appointed compliance officers of Banks, corporate officers, corporate administrators, head administrators, CEOs, directors and managers, assistant managers, internal auditors, accountants who are involved in AML matters and lawyers/legal advisors.

ΠΕΡΙΣΣΟΤΕΡΕΣ ΠΛΗΡΟΦΟΡΙΕΣ

• Introduction
• Framework for AML/CFT Supervision
• AML/CTF and COVID-19
• The 5th and 6th AML (Anti-Money Laundering) directives
• Terrorism financing 
• AML (Anti-Money Laundering) governance requirements
• AML (Anti-Money Laundering) risk based approach
• Customer Identification and Due Diligence (CDD) procedures
• Monitoring activities
• Conclusions