ΠΕΡΙΓΡΑΦΗ

Failure to comply with sanctions entails risks and challenges for a business. Regulations are continually changing in response to changing geopolitical events. Therefore, developing up to date, essential understanding of sanctions compliance requirements is crucial to ensure that your firm complies with local &/or international regulations. 

One of the main challenges professionals are faced with, is to not knowingly or unknowingly provide sanctioned individuals/entities  with tools that make possible the evasion of sanctions. The basic idea  behind how to handle sanctioned individuals and entities is clear and easy to understand, but the details behind the risks and threats that may arise for a firm are significant. 

ΣΚΟΠΟΣ ΣΕΜΙΝΑΡΙΟΥ

The expected learning outcomes from this seminar are the following: 

• Understand what sanctions are
• Understand how sanctions impact your business
• Get a grasp of the essential compliance obligations
• Identify red flags
• Learn about the current geopolitical hotspots

ΣΕ ΠΟΙΟΥΣ ΑΠΕΥΘΥΝΕΤΑΙ

• Compliance officers 
• Auditors 
• Risk Management Staff 
• Accountants 
• Lawyers 
• Fund Managers
• Fiduciary service providers 
• Bank employees 
• Tax advisors 
• Real Estate Agents 
• Art dealers 
• Virtual Asset Service Providers

ΠΕΡΙΣΣΟΤΕΡΕΣ ΠΛΗΡΟΦΟΡΙΕΣ

Topics to be covered

• Defining Sanctions 
• The international context of sanctions 
• Sanctions compliance obligations 
• Screening of customers and transactions 
• Reporting matches and breaches of the sanction’s regime 
• CTF and CPF 
• Geopolitical Hotspots 
• Sanctions evasion techniques 
• Sanctions related red flags
• Assessment

INSTRUCTOR: ELENA XHOLLO (BA (HONS), MSC, ACA)

Elena is a qualified Chartered Accountant (ACA) with a BA (Hons) in Business Administration and an MSc in Monetary and Financial Economics. She has worked for a decade in the profession, initially as an auditor of investment holding companies and financial institutions at PricewaterhouseCoopers (PwC).

Later, she worked from the position of a manager in the Corporate Compliance Department of Abacus Ltd and PwC. During her involvement in the audit and corporate compliance sector, Elena was responsible for a large portfolio of clients and had hands on experience on compliance with the Anti – Money Laundering (AML) legislation of the portfolio she was managing. She has a thorough knowledge and understanding of the legislation and the ICPAC requirements regarding AML Compliance. In 2016, she joined on a full-time basis the School of Professional Studies of Cyprus College, where she teaches professional courses which lead to the ACA and ACCA qualification. She specializes in the taxation and financial and management accounting papers.

Furthermore, she is involved in the delivery of HRDA approved seminars in her areas of expertise.