ΠΕΡΙΓΡΑΦΗ

Anti-Money Laundering (AML) and Economic Sanctions are more complex than ever, and constant changes present unique and difficult challenges for Regulated Entities. A significant number of high-profile enforcement cases have shown that AML and Economic Sanctions compliance has been and will continue to be a top priority for Regulatory Authorities and Law Enforcement Agencies in Cyprus, the European Union and Globally. Regulated Entities now face the very real possibility of large fines and criminal prosecution for any breaches. In the current environment, AML and Economic Sanctions compliance is critical and must be a focus of the boards of directors, senior management, compliance officers and all staff of Regulated Entities and Authorities.

ΣΚΟΠΟΣ ΣΕΜΙΝΑΡΙΟΥ

AML

• To understand the inefficiencies and weaknesses of the current EU AML system.
• To be introduced to the new EU AML architecture.
• To appreciate the main advances the new EU AML system brings.

SANCTIONS/RESTRICTIVE MEASURES

• To understand the reach and volume of the EU restrictive measures imposed in relation to the Russian invasion of Ukraine.
• To identify the financial sanctions imposed in relation to Russia’s invasion of Ukraine.
• To gain a solid understanding of the application of the EU restrictive measures, working through Q & A and case studies.

ΣΕ ΠΟΙΟΥΣ ΑΠΕΥΘΥΝΕΤΑΙ

• Compliance Officers, AML Officers, Risk Managers, Financial Investigators, Legal and Regulatory professionals, Auditors, Accountants, Internal Auditors, Technology and Data Analysts, and Banking and Financial Services Professionals.
• This seminar presupposes a basic understanding of the current system of AML.

ΠΕΡΙΣΣΟΤΕΡΕΣ ΠΛΗΡΟΦΟΡΙΕΣ

Certification

All participants will be awarded a certificate. Each hour of attendance will account for one unit of Continuing Professional Development (CPD) as required for members of most professional bodies.

Seminar Content

• The necessity for a new EU AML/CTF system.
• New EU Regulation on the prevention of the use of the financial system for ML/TF: consistency and expansion.
• New Sixth EU AML Directive: The role of the authorities.
• Regulation establishing the EU Authority for AML & CTF (‘AMLA’): the one ring, to bind them all.
• Sanctions and Restrictive Measures (Asset freeze, ownership and control criteria, Restrictive measures in relation to the provision of investment services, deposits, SWIFT Ban and others).
• Q & A and Case Studies on sanctions. (lots of them)!