Over the past few decades, money laundering has become an increasingly prevalent issue. Financial institutions and governmental bodies are in the constant search for ways to deal with money launderers. The AML regulatory framework in Cyprus in the past few years has grown in complexity.

One of the extra requirements of the AML regulatory framework is that all obliged entities must appoint qualified and knowledgeable Anti-money Laundering Compliance Officers with proven expertise. Cyprus Securities & Exchange Commission (CySEC) has designed an AML examination in order to certify individuals that they attained the appropriate level of knowledge and competence to properly undertake the AMLCO position.

The AMLCO Certification is required for the person appointed as Compliance Officer in all entities regulated by CySEC, under the provisions of article 69 of the Prevention and Suppression of Money Laundering and Terrorist Financing Law. The appointed Compliance Officer’s role and duties are as defined in CySEC’s Directive for the Prevention and Suppression of Money Laundering and Terrorist Financing. A person may only be appointed as AMLCO once he/she has successfully passed the AMLCO examination and has registered in CySEC’s AMLCO register.

This 12 hour training program is designed to cover the CySEC AML Certification Examination as a preparation course.

Audience 
This program is specifically designed for individuals preparing for CySEC AML Certifications Examinations. 

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