By the end of the seminar, participants will be able to have, through Real Life Cyprus AML Case Studies, a thorough understanding of the current AML Legislation, the challenges ahead and the new compliance landscape and more importantly to offer practical solutions for an efficient and effective implementation through a number of real-life AML cases studies, both from Cyprus and Global AML experience.
The seminar will cover the following Laws / Regulations / Directives / Guidelines:
Cyprus AML Law – The Prevention and Suppression of ML and Terrorist Financing law of 2007 L188(I)/2007 as amended in 2010, 2012, 2013, 2014, 2016, 2018, 2019 and 2021 by Laws 58(I)/2010, 80(I)/2012, 192(I)/2012, 101(I)/2013, 184(I)/2014, 18(I)/2016, 13(I)/2018, 158(I)/2018, 81(I)/2019, 13(I)/2021 and 22(I)/2021.
Cyprus TF Law – The Combating of Terrorism Law of 2010 as amended to 2019.
CySEC AML Directive – Directive of the Cyprus Securities and Exchange Commission for the Prevention and Suppression of Money Laundering and Terrorist Financing of March 2020.
ICPAC AML Directive – Directive to the members of ICPAC on Anti-Money Laundering and Combating Terrorist Financing Activities of July 2021.
EU 4th AML Directive – Directive (EU) 2015/849 of the European Parliament and of the Council of 20 May 2015 on the Prevention of the Use of the Financial System for the Purposes of Money Laundering or Terrorist Financing of May 2015.
EU 5th AML Directive – Directive (EU) 2018/843 of the European Parliament and of the Council of 30 May 2018 on the Prevention of the Use of the Financial System for the Purposes of Money Laundering or Terrorist Financing of May 2018.
EU 6th AML Directive – Directive (EU) 2018/1673 of the European Parliament and of the Council of 23 October 2018 on Combating Money Laundering by Criminal Law of October 2018.
Back-office Staff, Compliance Staff, Risk Management Staff, AML Staff, Heads of Compliance Departments, Heads of Risk Management Departments, Heads of AML Departments, Accountants, Lawyers, Internal & External Auditors, etc.
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.