Anti-Money Laundering and Counter-Terrorist Financing

Registration Deadline: 20 March 2018

Training Dates: 27 & 29 March 2018

Training Hours: 15:00 - 20:30

Location: CIIM Nicosia ( View Map )

Language of Instruction: English


Money Laundering constitutes one of the gravest threats to every developed economy and society; and has become a central artery of today’s serious, organized criminal activity. Although it existed in a conceptual form for a number of decades, the exploitation of recent developments in globalization, capital and customer mobility, increasing complexity of legal systems and inter-dependency and inter-connection of economies/financial systems and services, this has turned money laundering into a sophisticated set of strategies and activities aiming to circumvent legal systems, regulatory road-blocks and Financial Intelligence Units’ efforts for its containment.

In the light of the above, effective, hands-on understanding and compliance with the Anti-Money Laundering and Counter – Terrorism Financing law (AML – CFT) and regulatory framework has never been more fundamental and more relevant for the continued operation, expansion in new markets and services, compliance and sound reputation of regulated financial institutions, administrative service providers, regulated professions (such as legal, accounting and audit) and a variety of stakeholders that operate in related fields. From the regulators’ corner, it is also vital to be able to relate to and appreciate the main challenges that the regulated entities face and develop their industrial understanding. The 4th EU AML Directive, and its transposition into the national legal systems, presents new concepts and challenges for the regulated sectors of the economy.

This workshop aims at imparting essential information and further the understanding on the latest developments and typologies in AML – CFT, utilize case-studies and real-life scenarios and address some of the key challenges in the implementation and operation of effective AML – CFT for the regulated sectors of the economy.

This training programme may be approved for 10 CPD units.

Key Outcomes

  • Understand important aspects on AML – CFT and examine insights from research
  • Appreciate key features of best-practices in AML – CFT
  • Examine the latest international developments
  • Consider threats and typologies
  • Examine challenging cases of client due diligence and economic profiling
  • Appreciate essential information and develop understanding regarding the effective implementation of risk based approach for AML – CFT for financial institutions and administrative service providers
  • Develop knowledge regarding recognition and reporting procedures of suspicious transactions/activities

Designed for

  • Providers of Compliance and Audit Services
  • AML – CFT Reporting Officers
  • Legal Practitioners
  • Information Systems Managers
  • Professionals from Financial Intelligence Units and Regulators
  • Managers and Executives in Regulated Sectors

Topics to be covered

  • Introduction to the AML theory
    • Difficulties in monitoring
    • Difficulties in estimating ML itself
    • Proactive responses to ML – TF
  • Overview of Main Provisions of AML – CFT Legal & Regulatory Framework
    • Case studies and interactive examples during class
    • Specific problems drawn from latest developments
    • Issues regarding the nature of predicate offences
  • Client acceptance and categorization, compliance function, directors’ role and responsibilities
    • The Puppet Masters: How the Corrupt use legal structures to hide stolen assets and what to do about it
    • Money Laundering using Trust and Company Service Providers
    • Money Laundering and Terrorist Financing Vulnerabilities of Legal Professionals
  • Application of measures and procedures on a Risk Based approach for financial institutions and administrative service providers
    • The nature of AML – CFT risks: geographic, client, product/services risk
    • The Risk-Based approach and what it entails
    • The implications and obligations for financial institutions and administrative service providers
    • The ambiguities of the risk-based approach, applications, etc.
    • The impact of the Suspicious Transaction Reporting System. When to file a report: law and practice
    • Challenging cases of client due diligence, economic profiling and high risk clients, recognition and reporting of suspicious transactions/activities, latest threats and typologies
    • Demonstrating Compliance and using technology for that purpose
  • The 4th EU AML Directive
    • Article-by-Article analysis of the main provisions of the 4th EU AML Directive, tracking the changes from the 3rd AML Directive
    • Challenges for the regulated sectors - Discussion


All CIIM Executive Education programmes are developed and taught by CIIM resident and visiting faculty who are widely recognised as skilled professional trainers with local and international business experience. Through many years of business consulting and teaching experience, CIIM faculty develop innovative long-lasting practical concepts that shape the practice of your daily professional responsibilities. The result is a practical educational experience which is designed to have an immediate effect in your business environment.

Nicos Pavlides

Mr. Nicos Pavlides 
Director at NAP Regulatory Compliance Services Ltd
Associate Expert, CIIM


Mr. Nicos Pavlides

Mr. Pavlides holds the position of Legal, Compliance and Secretarial Manager of SFS Group. In addition, he is the Group Compliance Officer for the listed company SFS Group. His other duties include the provision of legal advice and opinions to the companies of SFS Group and legal support to the departments on various capital markets and company law issues, as for e.g. compliance matters for the investment firm of SFS Group, client agreements, legal aspects of prospectuses for listing of securities and information memorandums for shipping funds.

Since 2004, he also supports the Cyprus Securities and Exchange Commission (‘CySEC’) legal department. His duties at CySEC include the provision of legal advice on supervision and regulation of the securities market, the investigation of possible breaches on the securities laws and enforcement measures, as well as advising on the reform and development of the securities regulatory regime (for instance, in the area of anti-money laundering legislation).

Programme Fee

Per Participant: €275

No VAT is charged due to CIIM’s non-profit status. Fees include tuition, educational materials, coffee and refreshments.


To proceed with your registration, please click the button below to apply online. Participation is subject to availability.

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