CySEC AML Certification Examination Preparation Course

STUDY MODE

LIVE-ONLINE

DURATION

16-25 September 2025

LANGUAGE

Greek/English

COST

500 € 180 €

Course Overview

Dates and Cost

Dates: 16,18,23 & 25 September 2025
Total Duration: 16 Hours
Hours: 17:00 - 21:15
Method of Training: Online via Zoom
ERMIS Program Number:

Cost: €500 | Subsidy: €320 | Final Cost: €180
Funding Information: This seminar has been approved by HRDA, therefore, companies will only pay the amount of €. The seminars that have been approved by the HRDA are exempt from VAT.

Unemployed People: Persons who are registered as unemployed are allowed to participate in two free seminars every year by submiting the relevant permit from the Public Employment Service office.

Individual (Non-Funded): A 19% VAT will apply to seminars and participants who do not qualify for the HRDA subsidy.

***For over 5 registrations please contact us.

Aim

Obtaining the AML Compliance Officer Certification is a mandatory requirement for individuals designated as AML Compliance Officers within entities regulated by CySEC, in accordance with Article 69 of the Prevention and Suppression of Money Laundering and Terrorist Financing Law.

An individual may only be officially appointed to this position after successfully passing the AMLCO examination and being duly registered in CySEC’s AMLCO Register. The overarching objective of this course is to enhance the knowledge, skills, and professional attitudes of personnel employed in accounting, legal, and related sectors, specifically in relation to the prevention of money laundering and terrorist financing. The aim is to equip participants with the necessary competence to effectively implement the relevant legislative frameworks, in alignment with both mandatory European directives and national law.

Course Objective

In terms of knowledge:

To define the concept of Money Laundering and identify the distinct stages involved in the Money Laundering process.
To outline the main provisions governing the control and supervision of the financial system, as well as the powers and responsibilities of the competent authorities.
To clarify the roles and obligations of board members, compliance officers, internal auditors, and
other relevant personnel within the organization concerning FSA/FT.
To analyze the identification protocols for both natural and legal persons (KYC) and determine the
Ultimate Beneficial Owner (UBO).

In terms of skills:

To develop and implement effective policies and Customer Due Diligence (CDD) procedures during customer onboarding and periodic reassessments.
To identify the characteristics of suspicious transactions and outline the proper reporting procedures and forms (STR/SAR) to be submitted to compliance officers or relevant authorities.
To enumerate and complete the required documentation that must be maintained during and after the business relationship, in line with applicable retention schedules.
To identify and interpret “red flags” specifically related to Politically Exposed Persons (PEP).
To explain the implications of delays or failures in submitting suspicious transaction reports.
To apply a Risk-Based Approach (RBA) in assessing Anti-Money Laundering (AML) risks associated with each customer.
To carry out due diligence and recognize potential risks in business relationships or agreements.
To maintain detailed records of all business-related activities and transactions.
To prepare and forward internal suspicious activity reports to the AML Compliance Officer and external reports to the designated authorities.
To review and take appropriate action on reports received, in the capacity of an AML Compliance
Officer

In terms of attitudes:

To acknowledge the importance of ongoing AML/TF training
To take appropriate steps to safeguard both themselves and their organization in matters concerning ML/TF.
To refuse or terminate business relationships or activities that may facilitate ML/TF.
To implement protective mechanisms against Money Laundering originating from illegal activities.
To foster a corporate culture that prioritizes regulatory compliance and continuous training.
To inspire staff to actively engage in AML-related aspects of their work.
To integrate Money Laundering risk assessment practices into all transactions.
To promote staff participation in AML-focused training and awareness sessions.
To demonstrate willingness and adopt ideas, opinions, and methods from various experiences.
To accept diversity and adapt to changes.
To persuade using sound arguments and effective body language.
To encourage and motivate all participants to actively engage in the seminar.

Participant’s Profile

The Course is addressed to:

Individuals seeking appointment as AML Compliance Officers within legal entities regulated by
CySEC.
Legal, accounting, and brokerage professionals, as well as all other obligated individuals under
applicable legislation, including professionals aiming to enter or advance in this field.
Senior staff and officers of firms offering investment services and managing investment funds.
Executives from regulatory authorities.

Topics

Chapter 1: Introductory Provisions
Chapter 2: Understanding Money Laundering, Terrorist Financing and Sanctions
Chapter 3: Legal and Regulatory Requirements
Chapter 4: The AML Compliance Culture
Chapter 5: Assessing and Managing Risks
Chapter 6: Know your Customer (KYC) and Customer Due Diligence (CDD)
Chapter 7: Transaction Monitoring and Suspicious Reporting
Chapter 8: Crypto Asset Service Providers

Training method