Compliance & AML for ASP’s, Auditors & Lawyers CPD Units: 7

Money laundering has been a prevalent issue for at least the past decade.  As a result, professionals in both the private and public sectors are in a constant search of identifying and dealing with money launderers, as well as remaining compliant for the purpose of their regulatory bodies.

The purpose of this seminar is to ensure that all professionals who attend, will leave being equipped with a solid understanding of the AML legislation and directives and how to

1. apply these in spotting suspicious activities associated with money laundering,
2. setting up internal controls within their firms to detect money laundering, and
3. understanding the risk posed from activities of clients with whom their firms do business with,

thus reducing the overall risk and exposure of the Firm to AML related issues.

This program is specifically designed for Compliance officers, Lawyers, Accountants, Corporate Service Providers, Internal and external auditors and other professionals in related disciplines.

The following topics will be covered:

1. History and definitions of Money Laundering and Illegal activities
2. The 4th AML Directive
3. Board of Directors (BOD), Internal Auditors and the Compliance Officer responsibilities
4. Risk Assessment and the Risk Based Approach
5. Customer Due diligence procedures (CDD) and Know your Client procedures (KYC)
6. Cyprus regulators and their requirements
7. Upcoming Developments