AML & Sanctions Masterclass: Navigating 2026 Regulatory Expectations (C1001)
This course provides a clear, practical roadmap for meeting AML and sanctions requirements in line with CySEC ,ICPAC,CBA directives, EU regulations, and international best practice. Designed for real‑world application, it bridges the gap between regulation and practice, enabling participants to protect their firm, their clients, and themselves from compliance failures.
AML & Sanctions Masterclass: Navigating 2026 Regulatory Expectations
- About the AML & Sanctions Masterclass course
- Who Should Attend this Course
- AML and Sanctions Professional Course: Key Learning Objectives
- AML & Sanctions Masterclass: Course Curriculum
- AML & Sanctions Compliance Course: Meet the Trainer
- AML & Sanctions Masterclass: Navigating 2026 Regulatory Expectations - FAQ
- Other Upcoming Courses
- AML & Sanctions Masterclass: Navigating 2026 Regulatory Expectations
- Registration Form
About the AML & Sanctions Masterclass course
Regulatory expectations for AML/CFT and sanctions compliance are rising — and tolerance for deficiencies is rapidly declining. Obliged entities are expected not only to understand the law, but to demonstrate effective implementation, documented controls, and ongoing risk management.
This course provides a clear, practical roadmap for meeting AML and sanctions requirements in line with CySEC ,ICPAC,CBA directives, EU regulations, and international best practice. Designed for real‑world application, it bridges the gap between regulation and practice, enabling participants to protect their firm, their clients, and themselves from compliance failures.
Who Should Attend this Course
This seminar is designed for professionals across the financial services sector and related industries:
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Lawyers and Legal Consultants working in corporate law firms or compliance roles
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Certified Accountants & Auditors in professional services or financial institutions
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Compliance Officers & Risk Managers in:
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Electronic Money Institutions (EMIs)
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Investment Firms
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Corporate Service Providers (CSPs)
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CySEC-regulated entities
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Central Bank of Cyprus (CBC)-supervised institutions
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HR Managers, Learning & Development Officers responsible for employee training and regulatory upskilling
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Professionals at organisations of regulated companies, and fiduciary or consulting firms requiring structured in-house training capability
AML and Sanctions Professional Course: Key Learning Objectives
By the end of the seminar, participants will be able to:
- Understand the full legal ecosystem applicable to AML and Sanctions in Cyprus, including penalties for non-compliance and inspection readiness.
- Equip participants to apply a robust, regulator-approved RBA methodology that aligns with FATF principles and local supervision practices.
- Confidently execute CDD policies that are effective, documented, and audit-proof.
- Build a comprehensive sanctions compliance framework, including response plans for positive hits and audit trails.
- Build competence to recognise, escalate, and draft effective suspicion reports, avoiding common ICPAC criticism.
- Learn to document compliance in line with ICPAC’s expectations, minimising risk of inspection failures.
AML & Sanctions Masterclass: Course Curriculum
Chapter 1 | AML/CFT Legal Framework & Regulatory Expectations
- Overview of the AML Law of 2007 (as amended) and the Sanctions Law of 2016
- Responsibilities of obliged entities under AML Directive and relevant EU regulations (including AMLD6)
- Supervision and enforcement trends by ICPAC, CySEC, CBA and CBC
- Breakdown of obligations for obliged entities (e.g., lawyers audits, tax advisors)
- Importance of Board involvement and the Compliance Officer’s role
Chapter 2 | The Risk-Based Approach (Client & Firm-Wide)
- Designing a Firm-Wide Risk Assessment (FWRA) using ICPAC’s risk factors
- Implementing and updating a Client Risk Scoring Methodology
- Sectoral risk exposure for obliged entities and real estate-related services
- Digital onboarding and enhanced due diligence (EDD) in high-risk cases
- Use of automated systems and internal controls to ensure RBA effectiveness
Chapter 3 | Customer Due Diligence (CDD) in Practice
- Application of CDD, EDD, and Simplified Due Diligence (SDD)
- Verifying Source of Funds (SOF) and Source of Wealth (SOW) with independent evidence
- Guidance on KYC documents across jurisdictions (using PRADO, BORIS, etc.)
- Ongoing monitoring and triggers for CDD review
- Role of beneficial ownership registries and new transparency rules under AMLD6
Chapter 4 | Sanctions Screening, Compliance & Sectoral Measures
- Overview of UN, EU, and national sanctions regimes
- Case studies of sanctions breaches and circumvention red flags
- Screening tools and databases: UBOs, PEPs, sectoral/dual-use goods
- Annual Sanctions Risk Report and Board reporting templates (ICPAC format)
- Common ICPAC findings on sanctions policy weaknesses
Chapter 5 | Suspicious Activity & Transaction Reporting (SAR/STR)
- Legal and practical duties to report to MOKAS
- Differences between internal escalation and formal reporting
- How to recognise behavioural and transactional red flags
- Report drafting tips and examples of poor vs good-quality reports
- Maintaining confidentiality and protection of whistleblowers
Chapter 6 | Policies, Manuals & Regulatory Documentation
- Components of a compliant AML & Sanctions Manual based on ICPAC’s drafting guide
- Annual reporting duties: Compliance Officer’s Report and Sanctions Report
- Internal audit and compliance inspections: preparation and documentation
- AML training logs, version control, and Board approval procedures
- Case examples from ICPAC’s inspection findings
*This training program is designed to support continuing professional development (CPD). Participants are encouraged to verify with their professional body or regulatory authority whether the training meets their individual or institutional CPD requirements.
AML & Sanctions Compliance Course: Meet the Trainer
AML & Sanctions Masterclass: Navigating 2026 Regulatory Expectations
AML & Sanctions Masterclass: Navigating 2026 Regulatory Expectations - FAQ
This course is tailored for Compliance Officers, Directors, MLROs, client onboarding staff, and internal auditors working in ASPs, audit firms, tax advisory firms, CASPs, and other obliged entities in Cyprus. It’s particularly relevant for those subject to CBA, ICPAC or CySEC regulation.
No. This course caters to both new and experienced professionals. It builds from foundational concepts to advanced compliance practices, with real-world examples, regulatory insights, and up-to-date tools.
No. This training is not funded by HRDA, nor other authorities.
Yes. Upon completion, participants receive a Certificate of Attendance. The training is aligned with CBA,CySEC,CBC and ICPAC’s compliance expectations and supports annual CPD requirements. For other CPD recognition you will need to conduct your respective authority to verify it.
The course includes live Q&A, interactive polls, real case studies, and group discussions based on actual inspection findings and red-flag scenarios.
