Mastering AML Compliance with a Risk-Based Approach

Centre 8 Education is excited to present a unique opportunity for professionals seeking to enhance their expertise in Anti-Money Laundering (AML) compliance. Join us for our CPDS event, “Mastering AML Compliance with a Risk-Based Approach,” scheduled for the 21st of January 2023, Thursday.

Date: 21st January 2023 – Thursday
Time: 09:00 a.m. – 1:15 p.m.
Location: Nicosia, Cyprus (Online via Zoom)

This four-hour course is tailored to provide in-depth insights and practical knowledge for Compliance Officers, AML Officers, Senior Management in Regulated Firms, and Aspiring Compliance Experts. Led by industry-leading experts, the program will delve into the nuances of AML compliance through a risk-based approach.

Course Outline:

What is the Risk-Based Approach (RBA)
● Introduction to applicable regulations and laws
● RBA application requirements
● Conducting Firm-wide Risk Assessment
● Identifying Inherent Risks and Risk Assessment Methods
● Designing and applying mitigating actions

Client Risk Assessment and Due Diligence
● Conducting Client Risk Assessment
● Identifying Risk Factors and Risk Assessment Methods
● Designing and applying mitigating actions
● Understanding Customer Due Diligence
● Timing, types, and complexities in due diligence
● Differentiation between Corporate and Retail Clients, Non-Profit Organizations, and 3rd Party Involvement

Transaction Monitoring and Sanction Compliance
● Defining Transaction Monitoring
● Parameters and Checks in Transaction Monitoring
● Practical Examples for Transaction Monitoring
● Understanding the relationship between Sanctions and RBA
● Applicable laws, Regulations, and Compliance requirements

This intensive session aims to equip participants with practical tools, strategies, and a comprehensive understanding of AML compliance through a risk-based lens.

Don’t miss this opportunity to expand your knowledge and network with industry peers. Register now by visiting www.centre8education.com or contact us via phone at +357 22052920 or email at training@centre8education.com.

Stay ahead in the realm of AML compliance by mastering the risk-based approach. Join us as we navigate through the complexities and best practices in AML compliance together!