15

Sep

-

Dates Pending

29

Sep

2025

Anti-Money Laundering (AML) Compliance in the Betting Industry in Cyprus

FROM

€

100

200

10 CPD Points

10

HOURS

English

Chrysothemi Valanidou

description

COURSE DESCRIPTION

This specialised course provides professionals in the betting sector with in-depth training on AML compliance obligations under Cypriot law and NBA directives. It combines legal frameworks, risk assessments, and real enforcement cases with practical implementation strategies.

The betting industry in Cyprus is considered a high-risk area for money laundering and financial crime. With the rise of online betting, cross-border payments, and increased regulatory scrutiny, licensed operators must now implement advanced AML frameworks to detect, prevent, and report suspicious activity in line with both national and EU standards. The Betting Law of 2019 and related NBA directives impose strict legal and procedural requirements on Class A (land-based) and Class B (online) licensees.

This course addresses a growing need in the market: employers across the betting sector are under pressure to demonstrate proactive compliance, maintain detailed internal policies, and ensure their staff are well-versed in their duties. Recent NBA inspections and enforcement actions have revealed operational weaknesses across CDD, record-keeping, and internal audit systems. Failure to comply not only leads to fines or licence suspension but exposes operators to reputational
damage and ongoing legal risk.

Through a practical and specialised approach, this course equips professionals with both the legal knowledge and operational tools needed to design and maintain effective AML systems. Participants will gain hands-on training in risk assessment models, internal audits, suspicious transaction reporting, and NBA inspection readiness. The use of real case studies ensures the training is directly relevant to current regulatory expectations.

For employers, this course ensures their team is capable of aligning daily operations with the NBA’s AML
framework, minimising exposure to penalties, and protecting the integrity of their business.

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course content

Dates and times

Course content

suitable for

COURSE PREVIEW

HAVE A LOOK
INSIDE THE COURSE

details

course details

Methodology

Live session - online via Zoom
Interactive lecture with PowerPoint presentation.
Reference/background materials will be provided.
Q&A sessions for in-depth understanding
Case studies and analysis, and group discussion.

Funding

This seminar is funded by the HRDA.

Our training center offers special prices for individuals who are not eligible for funding.

Unemployed participants are eligible for HRDA funding provided they meet certain requirements. For more information, please contact us at 24 655510.

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Admission Requirements

Who is this aimed at

AML Compliance Officers (AMLCOs)

Legal advisors supporting betting operators with compliance matters

Risk and operations managers in land-based or online betting companies

Internal audit or control officers responsible for AML reviews

Employees involved in KYC, customer onboarding, or suspicious activity monitoring

Certificate Awarded

A Training Certificate will be awarded to those participants who will successfully complete the training.

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Coming Soon

More details about this course will be uploaded soon.

INSTRUCTOR

MEET YOUR INSTRUCTOR

Chrysothemi Valanidou

Chrysothemi Valanidou is an accomplished legal and compliance executive with over a decade of leadership experience in the international gaming sector. Currently serving as Director of Meridian Gaming (CY) Ltd, she plays a pivotal role in strategic business development, regulatory compliance, and organizational management. Her leadership ensures that the company operates within the highest standards of legal integrity and corporate responsibility. Her extensive career includes leading roles in compliance, legal affairs, and risk management, with proven expertise in Anti-Money Laundering (AML), GDPR, and Responsible Gaming frameworks. She is also a certified Safer Gambling Specialist and a seasoned representative before the National Betting Authority and other regulatory bodies.

Chrysothemi has contributed as a speaker and exhibitor at major international forums and gaming expos including ICE London, SBC Summit Barcelona, and the Cyprus Gaming Show. Her work has been featured in numerous publications for her impact in ESG, corporate sustainability, and women’s leadership in gaming. A member of the Cyprus Bar Association since 2015 and an active contributor to the Global Gaming Women network, Chrysothemi holds an LLB from the University of Huddersfield and has completed numerous professional certifications in AML, labor law, and gaming compliance. She is passionate about empowering women in the industry, promoting safer gaming practices, and fostering transparent, responsible business practices in a highly regulated environment.

MORE ABOUT INSTRUCTOR

COLLABORATORS

ADDITIONAL INSTRUCTORs

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frequently asked
questions

QUESTION 01

Do I need to be registered on the ERMIS Portal?

Yes, if you are registering for a course that is HRDA accredited, all participants (either receiving funding or not) will have to access and register as natural persons on the ERMIS Portal. If you are receiving funding and you are being registered for continuous professional/vocational training by your employer, your employer should also be registered with the ERMIS platform as a legal person. Contact us if you have any difficulty registering as a natural person or a legal person.

QUESTION 02

Will I receive a certificate at the end of the training?

Yes, you will receive a Certificate of Attendance from ELTRC or the relevant awarding body.

QUESTION 03

Do you have terms and conditions for seminar attendance?

Yes. You may find our terms and conditions here.

QUESTION 04

Will I receive the notes for the lesson and have access to recordings?

Yes, you will be given the course materials through an online platform and you will be allowed to download and keep the course materials and specimens for certain courses. Recordings will also be available in the drive for three months.