AML/CFT Compliance Masterclass

07/10/2026 14:00 - 17:00

08/10/2026 14:00 - 17:00

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Module 1 – Foundations of AML/CFT

 
• Introduction to Money Laundering and Terrorist Financing
 
• The Three Stages of Money Laundering
 
• Key International Standards (FATF Recommendations)
 
• EU AML Framework and Cyprus AML Legislation
 
• Roles and Responsibilities of Regulated Entities and MLROs
 
• Regulatory Expectations and Recent Enforcement Trends
 

Module 2 – Risk-Based Approach (RBA)

 
• Understanding the       Risk-Based Approach
 
• Customer,       Product, Geographic and Transaction Risk
 
• Conducting       Customer Risk Assessments
 
• Risk       Classification Methodologies
 
• Trigger Events       and Risk Reassessment
 
• Practical Risk       Assessment Exercise
 

Module 3 – KYC, Customer Due Diligence (CDD)  & Enhanced Due Diligence (EDD)

 
• Know Your Customer (KYC) Requirements
 
• Customer Identification and Verification
 
• Identifying and Verifying Ultimate Beneficial Owners (UBOs)
 
• Source of Funds vs Source of Wealth
 
• Standard Due Diligence
 
• Simplified Due Diligence
 
• Enhanced Due Diligence (EDD)
 
• Politically Exposed Persons (PEPs)
 
• High-Risk Third Countries
 
• Ongoing Monitoring and Periodic Reviews
 
• Practical KYC Documentation Review
 

Module 4 – Suspicious Activity Reporting  (SARs/STRs)

 
• Identifying Suspicious Activities and Transactions
 
• Internal Escalation Procedures
 
• Roles of Employees and MLROs
 
• Preparing Effective SARs/STRs
 
• Common Drafting Mistakes
 
• Confidentiality and Tipping-Off Prohibitions
 
• Practical SAR/STR Drafting Exercise

Compliance Officers

AML Officers

Lawyers,Accountants

Auditors

Operations Teams

Back-Office Personnel, and anyprofessionals involved in onboarding, monitoring, and AML controls.