27
Jun
-
Dates Pending
27
Jun
2024

Systemic Changes in EU landscape for AML/CFT & Sanctions

FROM
125
5 CPD POINTS
Duration:
5
HOURS
Language:
English
Nicos Pavlides
Apply now
description

COURSE DESCRIPTION

This comprehensive online training program is meticulously designed to provide participants with an in-depth understanding of the latest EU Anti-Money Laundering (AML) package and the complexities of sanctions and restrictive measures, particularly those targeting Russia. The program is divided into two distinct parts to ensure a focused and detailed exploration of each topic.

Part 1: New EU AML Package (Units 1-4)

This section delves into the transformative changes in the EU’s approach to AML and Counter-Terrorist Financing (CFT). Participants will explore the newly established EU AML architecture, which aims to address the fragmentation and inefficiencies of the current system. Key topics include:

Harmonization of Rules

Understanding the shift towards formal and material harmonization, with the transfer of private sector rules to a Regulation and the organization of institutional AML/CFT systems at the national level through a Directive.

EU AML Authority

Examination of the newly established authority's role, and its powers for direct supervision, compliance enforcement, information exchange, and rule-setting.


Expansion of Principles

Insight into the expansion and streamlining of existing principles to ensure consistent application of AML/CFT rules across the EU.

Part 2: Sanctions and Restrictive Measures (Unit 5)

Focusing on the recent surge in EU sanctions, particularly those imposed on Russia, this section provides a comprehensive understanding of the volume, complexity, and implications of these measures.

Key topics include:

  • Overview of Sanctions
  • Detailed analysis of the thirteen packages of measures enacted since February 2022, targeting over 2000 individuals and entities.
  • Economic Impact: Exploration of how these sanctions affect various fields of economic activity, including investment services, deposits, and the SWIFT Ban.
  • Practical Application: Case studies and Q&A sessions are designed to help participants navigate the practical aspects of implementing these sanctions and understanding the consequences of non-compliance.


Aims of the Training Program

By the end of this training program, participants will:

  • Recognise the inefficiencies and weaknesses of the current EU AML system.
  • Be introduced to and understand the new EU AML architecture.
  • Appreciate the advances brought by the new system.
  • Identify new actors, obligations, powers, and responsibilities within the AML framework.
  • Comprehend the purposes and types of sanctions and restrictive measures.
  • Understand the specific sanctions enforced by Cyprus and the broader EU measures in response to Russia’s invasion of Ukraine.
  • Gain practical knowledge through Q&A sessions and case studies on the application of these restrictive measures.
  • This course is essential for professionals in Cyprus to stay compliant, mitigate risks, and uphold the integrity of their financial operations within the dynamic EU regulatory environment.

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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
  • Practical exercises to apply legal concepts in real-world scenarios

Funding

Funding is not available for this course.

Admission Requirements

This program has been developed by professionals for professionals in the legal, financial, accounting/audit, and corporate administration fields who already have a basic understanding of the current AML system.

  • Legal professionals,
  • Auditors/Accountants,
  • Risk Managers,
  • AML Compliance officers of Obliged Entities (regulated financial institutions including credit institutions, investment firms and fund managers, administrative service providers and others),
  • Board members of financial institutions responsible for the implementation of AML/CFT law and regulations.

Who is this aimed at

This program has been developed by professionals for professionals in the legal, financial, accounting/audit, and corporate administration fields who already have a basic understanding of the current AML system.

  • Legal professionals,
  • Auditors/Accountants,
  • Risk Managers,
  • AML Compliance officers of Obliged Entities (regulated financial institutions including credit institutions, investment firms and fund managers, administrative service providers and others),
  • Board members of financial institutions responsible for the implementation of AML/CFT law and regulations.

Certificate Awarded

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

Coming Soon

More details about this course will be uploaded soon.

INSTRUCTOR

MEET YOUR INSTRUCTOR

Nicos Pavlides

Nicos Pavlides studied Economics and then Law (LLB) at the University of Sydney, graduating with honours. After two years working for the Office of the Director of Public Prosecutions in Sydney (2001-2002), he was awarded a Chevening scholarship and pursued further studies at the London School of Economics and University College London, where he obtained a Master of Laws degree (LLM) with a focus on financial-related legal subjects. Concurrently, he worked for the Crown Prosecution Service in London, primarily on cases of economic crime.

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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.

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frequently asked
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HRDA

27
Jun
-
Dates Pending
27
Jun
2024

Systemic Changes in EU landscape for AML/CFT & Sanctions

5 CPD POINTS
Duration:
5
HOURS
Language:
English
Nicos Pavlides
apply NOW
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INDIVIDUAL

27
Jun
Dates Pending
-
27
Jun
2024
125
+VAT

Systemic Changes in EU landscape for AML/CFT & Sanctions

5 CPD POINTS
Duration:
5
HOURS
Language:
English
Nicos Pavlides
APPLY NOW
Thank you! Your submission has been received!
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TEAMS

27
Jun
-
27
Jun
Dates Pending
2024
CUSTOM

Systemic Changes in EU landscape for AML/CFT & Sanctions

5 CPD POINTS
Duration:
5
HOURS
Language:
English
Nicos Pavlides
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