AML - Συμμόρφωση με τη Νομοθεσία για Ξέπλυμα Παράνομου Χρήματος

• The Cyprus Securities & Exchange Commission
• Becoming an AML certified compliance officer
• The objectives of the CySEC AML Certification
• Workbook for the AML Certification Examination

UNDERSTANDING MONEY LAUNDERING, TERRORIST FINANCING AND SANCTIONS

• What is Money Laundering (ML)?
• The 3 (three) stages of ML
• ML threats and vulnerabilities in accordance with the NRA and methods of ML
• Terrorist Financing (TF) and TF Criminalization
• Sanctions

LEGAL AND REGULATORY REQUIREMENTS

• Unit for Combating Money Laundering
• The Supervisory Authority
• Main provisions of the AML/CFT Law with regard to criminal liability, offences and penalties
• European Directives
• FATF
• High Risk Third Countries
• MONEYVAL
• The Combating of Terrorism Law of 2019 (N. 75(I)/2019) on
• the Fight against Terrorism
• The United Nations Security Council Resolutions and Decisions
• (Sanctions) and the Council of the European Union (Restrictive Measures) Law of 2016 (58(I)/2016)      

THE AML COMPLIANCE CULTURE

• Basic elements of a strong compliance culture
• Internal Policies, Controls and Procedures
• The Role of the BoD
• The role and duties of the Compliance Officer, the Alternate
• Compliance Officer and Assistants
• The establishment and role of an Internal Audit function
• Employees obligations, education and training

ASSESSING AND MANAGING RISKS

• Risk-Based Approach (RBA)

• Identifying ML and TF risks

• Factors to determine risks

• Assessing ML/TF Risks

• On-going monitoring of the risk assessment and record keeping 

KNOW YOUR CUSTOMER (KYC) AND CUSTOMER DUE DILIGENCE (CDD)

• Procedures for the prevention of ML and TF

• Customer Identification and Due Diligence procedures

• Simplified Customer Due Diligence (SDD)

• Enhanced Customer Due Diligence (EDD)

• Sectoral guidelines for application of Customer Due Diligence measures

• Ongoing Monitoring

• Beneficial Ownership information

• Reliance on third parties

• CDD in case of networking of Obliged Entities or groups

• Prohibition of cooperation with shell banks

• Processing of personal data

TRANSACTION MONITORING & SUSPICIOUS REPORTING

• Internal reporting procedures and external reporting to the Unit

• Examples of suspicious transactions and activities related to ML and TF

ΕΚΠΑΙΔΕΥΤΗΣ ΠΡΟΓΡΑΜΜΑΤΟΣ