AML/CTF Awareness & Refresher Training – For All Roles Across the Organisation
Course outline:
- AML Regulatory Framework
- Understanding ML & TF
- Company’s AML Obligations
- Risk-Based Approach
- Customer Due Diligence
- Suspicious Transactions
- Ongoing Monitoring & Record-Keeping
- Case Studies
- Employees’ Duties
→EU and Cyprus AML legal framework and recent updates
→New EU AML regime and sanctions framework
→Key definitions, offences, and penalties
→Differences between money laundering and terrorist financing
→CDD, reporting, record-keeping
→Risk assessment, internal controls, and staff training
→Identifying, assessing, and mitigating ML/TF risks
→Customers’ acceptance and classification
→Standard, simplified, and enhanced CDD
→Beneficial ownership and economic profile
→Source of Funds (SoF) vs Source of Wealth (SoW)
→Recognition and reporting procedures
→AMLCO duties and MOKAS reporting
→Prohibition of tipping-off
→Transaction monitoring
→Updating client data and maintaining records
→Practical AML/CTF scenarios for discussion
→Reporting obligations and personal liability
→Training and protection for whistleblowers
Target audience:
- All employees of obliged entities
- Compliance, AML, Risk Management, and Back-Office staff
- Accountants, Lawyers, ASP employees
- Internal & External Auditors
- Executive and non-executive Directors, AML Director
- Consultants & Advisors in Regulatory Compliance
Expected time to complete the course:
Recorded time: 2 hours 15 minutes
Reading and Testing: 45 minutes
Presented by:
Course is prepared by DELFI CORPORATE SERVICES LTD
Instructor: Mrs. Svetlana Tutunaru, MBA, holder of CySEC Advanced & AML Certificates – Personal Identification number CN2386, with on-hands experience and skills in the industry for over 15 years, including experience in practical application and advisory work in relation to the MIFID, MAR, AML/TF legislation in Cyprus and other jurisdictions, acts as appointed Internal Auditor and Compliance officer or Compliance Support in number of licensed brokers and funds in Cyprus.
