ΠΕΡΙΓΡΑΦΗ

The need arises due to the strict regulatory environment due to the trend for foreign investments in Cyprus and the recent fail-out of Cyprus papers, demanding more knowledge, more training on KYC, SOF, SOW source of funds, source of wealth. This need also arises due to the extremely sensitive environment with the increased sanctions implemented both to SDNs but also anything related with the Russian government and Duma. This program is perhaps one of the most useful but also unique of its kind since it includes both knowledge and practical experience with what to look for in such a case.

ΣΚΟΠΟΣ ΣΕΜΙΝΑΡΙΟΥ

After the course the participants will

Knowledge Level

• To understand the need for EDD
• To acknowledge the fraudulent intentions in the investment in properties
• To recognize suspicious investments

Skills Level

• Be in a position to know how to handle such cases
• Be in a position to exercise EDD on foreign investors
• Be in a position to analyze financial positions of foreign investors

Culture Level

• To have the critical thinking how to proceed with the case
• To have the ability to prepare a recommendation for approval or rejection
• To be able to proceed with reporting when and if deemed necessary

ΣΕ ΠΟΙΟΥΣ ΑΠΕΥΘΥΝΕΤΑΙ

Members of staff that

1. deal with payments,
2. exercise due diligence on foreign investors
3. compliance staff or staff in the Recovery Units that are engaged in the EDD of foreign investors
4. Recovery Unit staff that are engaged in the sales of properties
5. Front line staff that deal with customer needs in property sales or purchase