CHAPTER 1 INTRODUCTORY PROVISIONS

INTRODUCTORY PROVISIONS
1.1. References used in the manual
1.2. The Cyprus Securities & Exchange Commission
1.3. Becoming an AML certified Compliance Officer
1.4. The objectives of the CySEC AML Certification
1.5. Workbook for the AML Certification Examination

CHAPTER 2 UNDERSTANDING MONEY LAUNDERING, TERRORIST FINANCING AND SANCTIONS
2. UNDERSTANDING MONEY LAUNDERING, TERRORIST FINANCING AND SANCTIONS
2.1. What is Money Laundering (ML)?
2.2. The 3 (three) stages of ML
2.3. ML threats and vulnerabilities in accordance with the NRA and methods of ML
2.4. Terrorist Financing (TF) and TF Criminalization
2.5. Sanctions

CHAPTER 3 LEGAL AND REGULATORY REQUIREMENTS
3. THE PREVENTION AND SUPPRESSION OF MONEY LAUNDERING ACTIVITIES LAWS OF 2007 TO 2019
3.1. Unit for Combating Money Laundering
3.2. The Supervisory Authority
3.3. Main provisions of the AML/CFT Law with regard to criminal liability, offences and penalties
3.4. European Directives
3.5. FATF
3.6. High Risk Third Countries
3.7. MONEYVAL
3.8. The Anti-Terrorism and Victims Protection Act of 2019 (Law 75(I) / 2019)
3.9. 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
4. THE AML COMPLIANCE
4.1. Basic elements of a strong compliance culture
4.2. Internal Policies, Controls and Procedures
4.3. The Role of the BoD
4.4. The role and duties of the Compliance Officer, the Alternate Compliance Officer and Assistants
4.5. The establishment and role of an Internal Audit function
4.6. Employees obligations, education and training

CHAPTER 5 ASSESSING AND MANAGING RISKS
5. ASSESSING AND MANAGING RISKS
5.1. Risk-Based Approach (RBA)
5.2. Identifying ML and TF risks
5.3. Factors to determine risks
5.4. Assessing ML/TF Risks
5.5. On-going monitoring of the risk assessment and record keeping

CHAPTER 6 KNOW YOUR CUSTOMER (KYC) AND CUSTOMER DUE DILIGENCE (CDD)
6. KNOW YOUR CUSTOMER (KYC) AND CUSTOMER DUE DILIGENCE (CDD)
6.1. Procedures for the prevention of ML and TF
6.2. Customer Identification and Due Diligence procedures
6.3. Simplified Customer Due Diligence (SDD)
6.4. Enhanced Customer Due Diligence (EDD)
6.5. Sectoral guidelines for application of Customer Due Diligence measures
6.6. Ongoing Monitoring
6.7. Beneficial Ownership information
6.8. Reliance on third parties
6.9. CDD in case of networking of Obliged Entities or groups
6.10. Prohibition of cooperation with shell banks
6.11. Processing of personal data

CHAPTER 7 TRANSACTION MONITORING & SUSPICIOUS REPORTING
7. TRANSACTION MONITORING & SUSPICIOUS REPORTING
7.1. Internal reporting procedures and external reporting to the Unit
7.2. Examples of suspicious transactions and activities related to ML and TF