{"id":3707,"date":"2022-09-27T12:13:01","date_gmt":"2022-09-27T10:13:01","guid":{"rendered":"https:\/\/staging.globaltraining.unic.ac.cy\/nicosia\/?page_id=3707"},"modified":"2024-11-14T16:22:50","modified_gmt":"2024-11-14T14:22:50","slug":"aml-and-economic-sanctions-critical-considerations","status":"publish","type":"page","link":"https:\/\/staging.globaltraining.unic.ac.cy\/nicosia\/aml-and-economic-sanctions-critical-considerations\/","title":{"rendered":"AML and Economic Sanctions &#8211; Critical Considerations"},"content":{"rendered":"<p><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-1 fusion-flex-container fusion-parallax-none nonhundred-percent-fullwidth non-hundred-percent-height-scrolling lazyload\" style=\"--link_hover_color: #bb1d2c;--link_color: #212934;--awb-border-sizes-top:0px;--awb-border-sizes-bottom:0px;--awb-border-sizes-left:0px;--awb-border-sizes-right:0px;--awb-border-color:#e2e2e2;--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-padding-top:70px;--awb-padding-right:70px;--awb-padding-bottom:70px;--awb-padding-left:70px;--awb-padding-top-small:23px;--awb-padding-bottom-small:22px;--awb-margin-top:0px;--awb-margin-bottom:0px;--awb-min-height:48px;--awb-background-image:linear-gradient(180deg, rgba(0,58,115,0.45) 0%,rgba(0,58,115,0.85) 100%);;--awb-background-size:cover;--awb-flex-wrap:wrap;\" data-bg=\"https:\/\/staging.globaltraining.unic.ac.cy\/nicosia\/wp-content\/uploads\/sites\/2\/2022\/07\/shutterstock_1729190293-1.jpg\" data-bg-gradient=\"linear-gradient(180deg, rgba(0,58,115,0.45) 0%,rgba(0,58,115,0.85) 100%)\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-center fusion-flex-justify-content-center fusion-flex-content-wrap\" style=\"max-width:1372.8px;margin-left: calc(-4% \/ 2 );margin-right: calc(-4% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-0 fusion_builder_column_1_1 1_1 fusion-flex-column\" style=\"--awb-bg-size:cover;--awb-width-large:100%;--awb-margin-top-large:0px;--awb-spacing-right-large:1.92%;--awb-margin-bottom-large:20px;--awb-spacing-left-large:1.92%;--awb-width-medium:100%;--awb-order-medium:0;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-order-small:0;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><\/div><\/div><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-1 fusion_builder_column_4_5 4_5 fusion-flex-column fusion-flex-align-self-center\" style=\"--awb-bg-size:cover;--awb-width-large:80%;--awb-margin-top-large:20px;--awb-spacing-right-large:2.4%;--awb-margin-bottom-large:20px;--awb-spacing-left-large:2.4%;--awb-width-medium:80%;--awb-order-medium:0;--awb-spacing-right-medium:2.4%;--awb-spacing-left-medium:2.4%;--awb-width-small:100%;--awb-order-small:0;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-center fusion-content-layout-column\"><div class=\"fusion-title title fusion-title-1 fusion-sep-none fusion-title-center fusion-title-text fusion-title-size-one\" style=\"--awb-text-color:#ffffff;--awb-margin-top:0px;--awb-margin-right:0px;--awb-margin-bottom:25px;--awb-margin-left:0px;--awb-margin-top-small:10px;--awb-margin-right-small:0px;--awb-margin-bottom-small:10px;--awb-margin-left-small:0px;--awb-sep-color:#e2e2e2;--awb-font-size:35px;\"><h1 class=\"fusion-title-heading title-heading-center fusion-responsive-typography-calculated\" style=\"margin:0;font-size:1em;letter-spacing:-2px;--fontSize:35;line-height:1.2;\">AML and Economic Sanctions &#8211; Critical Considerations<\/h1><\/div><\/div><\/div><\/div><\/div><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-2 fusion-flex-container nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-flex-wrap:wrap;\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-flex-start fusion-flex-content-wrap\" style=\"max-width:1372.8px;margin-left: calc(-4% \/ 2 );margin-right: calc(-4% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-2 fusion_builder_column_1_1 1_1 fusion-flex-column\" style=\"--awb-bg-blend:overlay;--awb-bg-size:cover;--awb-width-large:100%;--awb-margin-top-large:0px;--awb-spacing-right-large:1.92%;--awb-margin-bottom-large:0px;--awb-spacing-left-large:1.92%;--awb-width-medium:100%;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\"><div class=\"fusion-column-wrapper fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-text fusion-text-1\"><\/div><\/div><\/div><\/div><\/div><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-3 fusion-flex-container nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-flex-wrap:wrap;\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-flex-start fusion-flex-content-wrap\" style=\"max-width:1372.8px;margin-left: calc(-4% \/ 2 );margin-right: calc(-4% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-3 fusion_builder_column_1_1 1_1 fusion-flex-column\" style=\"--awb-bg-size:cover;--awb-width-large:100%;--awb-margin-top-large:20px;--awb-spacing-right-large:1.92%;--awb-margin-bottom-large:20px;--awb-spacing-left-large:1.92%;--awb-width-medium:100%;--awb-order-medium:0;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-order-small:0;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-tabs fusion-tabs-1 classic nav-is-justified horizontal-tabs icon-position-top mobile-mode-accordion\" style=\"--awb-title-border-radius-top-left:0px;--awb-title-border-radius-top-right:0px;--awb-title-border-radius-bottom-right:0px;--awb-title-border-radius-bottom-left:0px;--awb-alignment:start;--awb-inactive-color:#f4f4f6;--awb-background-color:#ffffff;--awb-border-color:rgba(0,0,0,0.08);--awb-active-border-color:#003a73;\"><div class=\"nav\"><ul class=\"nav-tabs nav-justified\" role=\"tablist\"><li class=\"active\" role=\"presentation\"><a class=\"tab-link\" data-toggle=\"tab\" role=\"tab\" aria-controls=\"tab-1d5c03a8ae550bc0c20\" aria-selected=\"true\" id=\"fusion-tab-seminaraim:\" href=\"#tab-1d5c03a8ae550bc0c20\"><h4 class=\"fusion-tab-heading\"><i class=\"fontawesome-icon fa-crosshairs fas\" aria-hidden=\"true\" style=\"font-size:25px;\"><\/i>Seminar Aim:<\/h4><\/a><\/li><li role=\"presentation\"><a class=\"tab-link\" data-toggle=\"tab\" role=\"tab\" aria-controls=\"tab-acb52e060cdb9742155\" aria-selected=\"false\" tabindex=\"-1\" id=\"fusion-tab-participant&#039;sprofile\" href=\"#tab-acb52e060cdb9742155\"><h4 class=\"fusion-tab-heading\"><i class=\"fontawesome-icon fa-user-friends fas\" aria-hidden=\"true\" style=\"font-size:25px;\"><\/i>Participant's Profile<\/h4><\/a><\/li><\/ul><\/div><div class=\"tab-content\"><div class=\"nav fusion-mobile-tab-nav\"><ul class=\"nav-tabs nav-justified\" role=\"tablist\"><li class=\"active\" role=\"presentation\"><a class=\"tab-link\" data-toggle=\"tab\" role=\"tab\" aria-controls=\"tab-1d5c03a8ae550bc0c20\" aria-selected=\"true\" id=\"mobile-fusion-tab-seminaraim:\" href=\"#tab-1d5c03a8ae550bc0c20\"><h4 class=\"fusion-tab-heading\"><i class=\"fontawesome-icon fa-crosshairs fas\" aria-hidden=\"true\" style=\"font-size:25px;\"><\/i>Seminar Aim:<\/h4><\/a><\/li><\/ul><\/div><div class=\"tab-pane fade fusion-clearfix in active\" role=\"tabpanel\" tabindex=\"0\" aria-labelledby=\"fusion-tab-seminaraim:\" id=\"tab-1d5c03a8ae550bc0c20\">\n<p>Anti-Money Laundering (AML) and Economic Sanctions are more complex than ever, and constant changes present unique and difficult challenges for Regulated Entities. A significant number of high-profile enforcement cases have shown that AML and Economic Sanctions compliance has been and will continue to be a top priority for Regulatory Authorities and Law Enforcement Agencies in Cyprus, the European Union and Globally. Regulated Entities now face the very real possibility of large fines and criminal prosecution for any breaches. In the current environment, AML and Economic Sanctions compliance is critical and must be a focus of the boards of directors, senior management, compliance officers and all staff of Regulated Entities and Authorities.<\/p>\n<p>By the end of the seminar, participants will be able to have a thorough understanding of the current AML and Economic Sanctions critical considerations, the requirements, the challenges ahead and the new compliance landscape and more importantly to offer practical solutions for an efficient and effective implementation of AML and Economic Sanctions procedures and controls.<\/p>\n<p><strong>The seminar will cover the following Legislation:<\/strong><\/p>\n<ol>\n<li>CY Law &#8211; The Prevention and Suppression of Money Laundering and Terrorist Financing Law of 2007 L188(I)\/2007 as Amended in 2010, 2012, 2013, 2014, 2016, 2018, 2019 and 2021 by Laws 58(I)\/2010, 80(I)\/2012, 192(I)\/2012, 101(I)\/2013, 184(I)\/2014, 18(I)\/2016, 13(I)\/2018, 158(I)\/2018, 81(I)\/2019, 13(I)\/2021, 22(I)\/2021 and 40(I)\/2022.<\/li>\n<li>CY Law &#8211; The Implementation of the Provisions of the Resolutions or Decisions of the United Nations Security Council (Sanctions) and the Decisions and Regulations of the Council of the European Union (Restrictive Measures) Law of 2016 L58(I)\/2016.<\/li>\n<li>CY Law &#8211; The Combating of Terrorism Law of 2019 L75(I)\/2019.<\/li>\n<li>NBA &#8211; Directive on the Prevention and Suppression of Money Laundering \u2013 Directive 15.2021 of April 2021<\/li>\n<li>CBC \u2013 Directive for the Prevention of Money Laundering and Terrorist Financing Directive to Credit Institutions in Accordance with Article 59(4) of the Prevention and Suppression of Money Laundering Laws of 2007 to 2018 of February 2019.<\/li>\n<li>CBC &#8211; Directive for Compliance with the Provisions of UN Security Council Resolutions and the Decisions\/Regulations of the Council of the European Union of March 2020.<\/li>\n<li>CySEC &#8211; Directive of the Cyprus Securities and Exchange Commission for the Prevention and Suppression of Money Laundering and Terrorist Financing of March 2020.<\/li>\n<li>ICPAC &#8211; Directive to the members of ICPAC on Anti-Money Laundering and Combating Terrorist Financing Activities of July 2021.<\/li>\n<li>ICPAC \u2013 Directive for the Provisions of UN Security Council Resolutions (Sanctions) and the Decisions\/Regulations of the Council of the European Union (Restrictive Measures) of 2021.<\/li>\n<li>CyBAR &#8211; Directive of the Cyprus Bar Association (the \u201cCBA\u201d) to the Members of CBA on Anti-Money Laundering and Counter Terrorist Financing Activities of December 2019.<\/li>\n<li>EU &#8211; Decisions and Regulations of the Council of the European Union (Restrictive Measures).<\/li>\n<li>UN &#8211; Sanctions adopted by the relevant Security Council Resolution pursuant to Article 41 of Chapter VII of the Charter of the United Nations, which provides for the Implementation of the Provisions of the Resolutions or Decisions of the United Nations Security Council (Sanctions).<\/li>\n<li>US &#8211; Department of Treasury\u2019s Office of Foreign Assets Control (OFAC) Sanctions.<\/li>\n<li>UK &#8211; HM Treasury Sanctions.<\/li>\n<\/ol>\n<\/div><div class=\"nav fusion-mobile-tab-nav\"><ul class=\"nav-tabs nav-justified\" role=\"tablist\"><li role=\"presentation\"><a class=\"tab-link\" data-toggle=\"tab\" role=\"tab\" aria-controls=\"tab-acb52e060cdb9742155\" aria-selected=\"false\" tabindex=\"-1\" id=\"mobile-fusion-tab-participant&#039;sprofile\" href=\"#tab-acb52e060cdb9742155\"><h4 class=\"fusion-tab-heading\"><i class=\"fontawesome-icon fa-user-friends fas\" aria-hidden=\"true\" style=\"font-size:25px;\"><\/i>Participant's Profile<\/h4><\/a><\/li><\/ul><\/div><div class=\"tab-pane fade fusion-clearfix\" role=\"tabpanel\" tabindex=\"0\" aria-labelledby=\"fusion-tab-participant&#039;sprofile\" id=\"tab-acb52e060cdb9742155\">\n<ul>\n<li>Back-office Staff<\/li>\n<li>Compliance Staff<\/li>\n<li>Risk Management Staff<\/li>\n<li>AML Staff<\/li>\n<li>Heads of Compliance Departments<\/li>\n<li>Heads of Risk Management Departments<\/li>\n<li>Heads of AML Departments<\/li>\n<li>Accountants<\/li>\n<li>Lawyers<\/li>\n<li>Internal Auditors<\/li>\n<li>External Auditors<\/li>\n<li>Executive Directors<\/li>\n<li>Non-Executive Directors<\/li>\n<li>Regulatory Compliance Advisors\/Consultants<\/li>\n<\/ul>\n<\/div><\/div><\/div><\/div><\/div><\/div><\/div><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-4 fusion-flex-container nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-flex-wrap:wrap;\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-flex-start fusion-flex-content-wrap\" style=\"max-width:1372.8px;margin-left: calc(-4% \/ 2 );margin-right: calc(-4% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-4 fusion_builder_column_1_3 1_3 fusion-flex-column\" style=\"--awb-bg-size:cover;--awb-width-large:33.333333333333%;--awb-margin-top-large:20px;--awb-spacing-right-large:5.76%;--awb-margin-bottom-large:20px;--awb-spacing-left-large:5.76%;--awb-width-medium:33.333333333333%;--awb-order-medium:0;--awb-spacing-right-medium:5.76%;--awb-spacing-left-medium:5.76%;--awb-width-small:100%;--awb-order-small:0;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-title title fusion-title-2 fusion-sep-none fusion-title-text fusion-title-size-three\" style=\"--awb-sep-color:#bb1d2c;\"><h3 class=\"fusion-title-heading title-heading-left fusion-responsive-typography-calculated\" style=\"margin:0;--fontSize:28;line-height:1.26;\">Instructor<\/h3><\/div><div class=\"fusion-separator\" style=\"align-self: flex-start;margin-right:auto;width:100%;max-width:15%;\"><div class=\"fusion-separator-border sep-single sep-solid\" style=\"--awb-height:20px;--awb-amount:20px;--awb-sep-color:#bb1d2c;border-color:#bb1d2c;border-top-width:1px;\"><\/div><\/div><\/div><\/div><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-5 fusion_builder_column_2_3 2_3 fusion-flex-column\" style=\"--awb-bg-size:cover;--awb-width-large:66.666666666667%;--awb-margin-top-large:20px;--awb-spacing-right-large:2.88%;--awb-margin-bottom-large:20px;--awb-spacing-left-large:2.88%;--awb-width-medium:66.666666666667%;--awb-order-medium:0;--awb-spacing-right-medium:2.88%;--awb-spacing-left-medium:2.88%;--awb-width-small:100%;--awb-order-small:0;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><\/div><\/div><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-6 fusion_builder_column_1_4 1_4 fusion-flex-column fusion-flex-align-self-flex-start\" style=\"--awb-bg-size:cover;--awb-width-large:25%;--awb-margin-top-large:20px;--awb-spacing-right-large:7.68%;--awb-margin-bottom-large:20px;--awb-spacing-left-large:7.68%;--awb-width-medium:25%;--awb-order-medium:0;--awb-spacing-right-medium:7.68%;--awb-spacing-left-medium:7.68%;--awb-width-small:100%;--awb-order-small:0;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-image-element \" style=\"text-align:center;--awb-caption-title-font-family:var(--h2_typography-font-family);--awb-caption-title-font-weight:var(--h2_typography-font-weight);--awb-caption-title-font-style:var(--h2_typography-font-style);--awb-caption-title-size:var(--h2_typography-font-size);--awb-caption-title-transform:var(--h2_typography-text-transform);--awb-caption-title-line-height:var(--h2_typography-line-height);--awb-caption-title-letter-spacing:var(--h2_typography-letter-spacing);\"><span class=\" fusion-imageframe imageframe-none imageframe-1 hover-type-none\" style=\"border-radius:8px;\"><img decoding=\"async\" width=\"200\" height=\"200\" title=\"Yiannis-Pettemerides\" src=\"data:image\/svg+xml,%3Csvg%20xmlns%3D%27http%3A%2F%2Fwww.w3.org%2F2000%2Fsvg%27%20width%3D%27200%27%20height%3D%27200%27%20viewBox%3D%270%200%20200%20200%27%3E%3Crect%20width%3D%27200%27%20height%3D%27200%27%20fill-opacity%3D%220%22%2F%3E%3C%2Fsvg%3E\" data-orig-src=\"https:\/\/staging.globaltraining.unic.ac.cy\/nicosia\/wp-content\/uploads\/sites\/2\/2021\/07\/Yiannis-Pettemerides.jpg\" alt class=\"lazyload img-responsive wp-image-38\"\/><\/span><\/div><\/div><\/div><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-7 fusion_builder_column_3_4 3_4 fusion-flex-column\" style=\"--awb-bg-size:cover;--awb-width-large:75%;--awb-margin-top-large:20px;--awb-spacing-right-large:2.56%;--awb-margin-bottom-large:20px;--awb-spacing-left-large:2.56%;--awb-width-medium:75%;--awb-order-medium:0;--awb-spacing-right-medium:2.56%;--awb-spacing-left-medium:2.56%;--awb-width-small:100%;--awb-order-small:0;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-text fusion-text-2\" style=\"--awb-text-transform:none;\"><p><strong>Yiannis Pettemerides<\/strong><\/p>\n<\/div><div class=\"fusion-text fusion-text-3\" style=\"--awb-text-transform:none;\"><p>Mr. Pettemerides is a Consultant, in the fields of Forensic, Anti-Money Laundering, Regulatory Compliance, Registered Auditor and Insolvency Practitioner, with more than 20 years of experience, and with a previous career in PwC London and PwC Cyprus, in the Statutory Audit of Investment, Insurance and Banking Organisations.<\/p>\n<p>He was engaged, for more than 2 years, as an External Technical Expert, and leading the Onsite Inspection Teams, of the AML\/Supervision Department of the Cyprus Securities and Exchange Commission (CySEC). He was also the Chairman and a Member, for more than 5 years, of the Economic Crime and Forensic Accounting Committee of the Institute of Certified Public Accountants of Cyprus (ICPAC) and also the Vice-Chairman, for more than 4 years, of the Promotion of the Profession and Academic Relations Committee of the Cyprus Institute of Internal Auditors (IIA).<\/p>\n<p>He is engaged as an External Technical Expert, in the fields of Forensic Investigations, Anti-money Laundering Investigations and Audit Investigations, by the Cyprus Police Economic Crime Unit, the Attorney General Office, the Audit General Office and the Private Sector.<\/p>\n<\/div><div class=\"accordian fusion-accordian\" style=\"--awb-border-size:1px;--awb-icon-size:24px;--awb-content-font-size:18px;--awb-icon-alignment:left;--awb-hover-color:#f4f4f6;--awb-border-color:rgba(0,0,0,0.08);--awb-background-color:#ffffff;--awb-divider-color:rgba(0,0,0,0.08);--awb-divider-hover-color:rgba(0,0,0,0.08);--awb-icon-color:var(--awb-color5);--awb-title-color:#000000;--awb-content-color:#000000;--awb-icon-box-color:#000000;--awb-toggle-hover-accent-color:var(--awb-color5);--awb-title-font-family:&quot;DM Sans&quot;;--awb-title-font-weight:500;--awb-title-font-style:normal;--awb-title-font-size:24px;--awb-content-font-family:&quot;DM Sans&quot;;--awb-content-font-style:normal;--awb-content-font-weight:400;\"><div class=\"panel-group fusion-toggle-icon-unboxed\" id=\"accordion-3707-1\"><div class=\"fusion-panel panel-default panel-7c52c8f4d9a67135a fusion-toggle-no-divider\" style=\"--awb-title-font-size:18px;\"><div class=\"panel-heading\"><h4 class=\"panel-title toggle\" id=\"toggle_7c52c8f4d9a67135a\"><a aria-expanded=\"false\" aria-controls=\"7c52c8f4d9a67135a\" role=\"button\" data-toggle=\"collapse\" data-parent=\"#accordion-3707-1\" data-target=\"#7c52c8f4d9a67135a\" href=\"#7c52c8f4d9a67135a\"><span class=\"fusion-toggle-icon-wrapper\" aria-hidden=\"true\"><i class=\"fa-fusion-box active-icon fa-angle-down fas\" aria-hidden=\"true\"><\/i><i class=\"fa-fusion-box inactive-icon awb-icon-plus\" aria-hidden=\"true\"><\/i><\/span><span class=\"fusion-toggle-heading\">Read more<\/span><\/a><\/h4><\/div><div id=\"7c52c8f4d9a67135a\" class=\"panel-collapse collapse \" aria-labelledby=\"toggle_7c52c8f4d9a67135a\"><div class=\"panel-body toggle-content fusion-clearfix\">\n<p>Mr. Pettemerides is performing Training Courses (approved Trainer from the Human Resource Development Authority of Cyprus (HRDA)), as an External Lecturer, in the fields of Forensic, Anti-money Laundering and Audit, for the Cyprus Police (CID\/ECU), the Cyprus Bar Association (CyBAR), the Cyprus Securities and Exchange Commission (CySEC), the Cyprus Internal Audit Association (IIA), the Cyprus Fiduciary Association (CyFA), the Cyprus Investment Funds Association (CIFA), the UNIC Global Training\/University of Nicosia (UNIC), the European Business Associations (EBAs) in a number of European and Balkan Countries and the Private Sector.<\/p>\n<p>He is a Member of the AML and Compliance Committee of the Institute of Certified Public Accountants of Cyprus (ICPAC), a Member of the Board of Directors of the Cyprus Chapter of the Institute of Internal Auditors (IIA) and a Founding Member of the Cyprus #209 Chapter of the Association of Certified Fraud Examiners (ACFE).<\/p>\n<p>He holds a Bachelor and a Master Degrees in Accounting, Economics and Finance (BA, MA), a Fellowship and Practicing Audit Certificates from the Institute of Chartered Accountants in England and Wales (ICAEW) and from the Institute of Certified Public Accountants of Cyprus (ICPAC). Mr. Pettemerides is also a Member of the Institute of Internal Auditors (IIA), of the Association of Certified Fraud Examiners (ACFE) and of the International Compliance Association (ICA).<\/p>\n<\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-5 fusion-flex-container nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-flex-wrap:wrap;\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-flex-start fusion-flex-content-wrap\" style=\"max-width:1372.8px;margin-left: calc(-4% \/ 2 );margin-right: calc(-4% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-8 fusion_builder_column_1_1 1_1 fusion-flex-column fusion-flex-align-self-flex-start\" style=\"--awb-bg-size:cover;--awb-width-large:100%;--awb-margin-top-large:20px;--awb-spacing-right-large:1.92%;--awb-margin-bottom-large:20px;--awb-spacing-left-large:1.92%;--awb-width-medium:100%;--awb-order-medium:0;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-order-small:0;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column fusion-content-nowrap\"><div class=\"fusion-title title fusion-title-3 fusion-sep-none fusion-title-text fusion-title-size-three\" style=\"--awb-sep-color:#bb1d2c;\"><h3 class=\"fusion-title-heading title-heading-left fusion-responsive-typography-calculated\" style=\"margin:0;--fontSize:28;line-height:1.26;\">CPD Options<\/h3><\/div><div class=\"fusion-separator\" style=\"align-self: flex-start;margin-right:auto;flex-grow:1;width:100%;max-width:5%;\"><div class=\"fusion-separator-border sep-single sep-solid\" style=\"--awb-height:20px;--awb-amount:20px;--awb-sep-color:#bb1d2c;border-color:#bb1d2c;border-top-width:1px;\"><\/div><\/div><div class=\"fusion-text fusion-text-4\"><h5 style=\"text-align: left;\">Choose all four parts as one seminar and gain 8 CPDs at the price of \u20ac180 or choose the topic(s) of your interest (2 CPDs each) as indicated below.<\/h5>\n<\/div><\/div><\/div><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-9 fusion_builder_column_1_1 1_1 fusion-flex-column\" style=\"--awb-bg-size:cover;--awb-width-large:100%;--awb-margin-top-large:20px;--awb-spacing-right-large:1.92%;--awb-margin-bottom-large:20px;--awb-spacing-left-large:1.92%;--awb-width-medium:100%;--awb-order-medium:0;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-order-small:0;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-center fusion-content-layout-column\"><div class=\"accordian fusion-accordian\" style=\"--awb-border-size:1px;--awb-icon-size:24px;--awb-content-font-size:18px;--awb-icon-alignment:left;--awb-hover-color:rgba(244,244,246,0);--awb-border-color:rgba(0,0,0,0.08);--awb-background-color:#ffffff;--awb-divider-color:rgba(0,0,0,0.08);--awb-divider-hover-color:rgba(0,0,0,0.08);--awb-icon-color:#003a73;--awb-title-color:#006ba1;--awb-content-color:#000000;--awb-icon-box-color:#000000;--awb-toggle-hover-accent-color:#bb1d2c;--awb-title-font-family:&quot;DM Sans&quot;;--awb-title-font-weight:500;--awb-title-font-style:normal;--awb-title-font-size:24px;--awb-content-font-family:&quot;DM Sans&quot;;--awb-content-font-style:normal;--awb-content-font-weight:400;\"><div class=\"panel-group fusion-toggle-icon-unboxed\" id=\"accordion-3707-2\"><div class=\"fusion-panel panel-default panel-c6e5ace8431ed9fba fusion-toggle-no-divider fusion-toggle-boxed-mode\" style=\"--awb-title-color:#006ba1;\"><div class=\"panel-heading\"><h4 class=\"panel-title toggle\" id=\"toggle_c6e5ace8431ed9fba\"><a aria-expanded=\"false\" aria-controls=\"c6e5ace8431ed9fba\" role=\"button\" data-toggle=\"collapse\" data-parent=\"#accordion-3707-2\" data-target=\"#c6e5ace8431ed9fba\" href=\"#c6e5ace8431ed9fba\"><span class=\"fusion-toggle-icon-wrapper\" aria-hidden=\"true\"><i class=\"fa-fusion-box active-icon awb-icon-minus\" aria-hidden=\"true\"><\/i><i class=\"fa-fusion-box inactive-icon awb-icon-plus\" aria-hidden=\"true\"><\/i><\/span><span class=\"fusion-toggle-heading\">Part 1 - Governance and Risk Assessment<\/span><\/a><\/h4><\/div><div id=\"c6e5ace8431ed9fba\" class=\"panel-collapse collapse \" aria-labelledby=\"toggle_c6e5ace8431ed9fba\"><div class=\"panel-body toggle-content fusion-clearfix\">\n<ul>\n<li>Foundations, Legislation, Importance<\/li>\n<li>Regulatory Authorities Stance<\/li>\n<li>How Money Laundering is Done<\/li>\n<li>Governance (GVR)<\/li>\n<li>GVR \u2013 Board of Directors<\/li>\n<li>GVR \u2013 Compliance Officer<\/li>\n<li>GVR \u2013 Internal Audit<\/li>\n<li>Risk Assessment (RA)<\/li>\n<li>RA &#8211; Politically Exposed Persons<\/li>\n<li>RA &#8211; High Risk Countries<\/li>\n<li>RA &#8211; Cyprus Investment Program<\/li>\n<li>RA \u2013 Adverse Media<\/li>\n<li>RA \u2013 Terrorist Financing<\/li>\n<li>RA \u2013 Sanctions<\/li>\n<li>RA \u2013 Customer Risk Factors<\/li>\n<li>RA \u2013 Countries and Geographical Areas Risk Factors<\/li>\n<li>RA \u2013 Products, Services and Transactions Risk Factors<\/li>\n<li>RA \u2013 Delivery Channel Risk Factors<\/li>\n<li>RA \u2013 Cyprus National Risk Assessment<\/li>\n<li>RA \u2013 MOKAS<\/li>\n<li>RA \u2013 Suspicious Transactions, Behavior<\/li>\n<\/ul>\n<\/div><\/div><\/div><div class=\"fusion-panel panel-default panel-eca164c6ef64202b7 fusion-toggle-no-divider fusion-toggle-boxed-mode\" style=\"--awb-title-color:#006ba1;\"><div class=\"panel-heading\"><h4 class=\"panel-title toggle\" id=\"toggle_eca164c6ef64202b7\"><a aria-expanded=\"false\" aria-controls=\"eca164c6ef64202b7\" role=\"button\" data-toggle=\"collapse\" data-parent=\"#accordion-3707-2\" data-target=\"#eca164c6ef64202b7\" href=\"#eca164c6ef64202b7\"><span class=\"fusion-toggle-icon-wrapper\" aria-hidden=\"true\"><i class=\"fa-fusion-box active-icon awb-icon-minus\" aria-hidden=\"true\"><\/i><i class=\"fa-fusion-box inactive-icon awb-icon-plus\" aria-hidden=\"true\"><\/i><\/span><span class=\"fusion-toggle-heading\">Part 2 - Identification and Economic Profile<\/span><\/a><\/h4><\/div><div id=\"eca164c6ef64202b7\" class=\"panel-collapse collapse \" aria-labelledby=\"toggle_eca164c6ef64202b7\"><div class=\"panel-body toggle-content fusion-clearfix\">\n<ul>\n<li>Identification and Verification<\/li>\n<li>Ground Rules<\/li>\n<li>Ongoing Monitoring<\/li>\n<li>Ultimate Beneficial Owners (UBOs)<\/li>\n<li>UBOs Registry<\/li>\n<li>Trusts Registry<\/li>\n<li>Technology<\/li>\n<li>Simplified Due Diligence Procedures (SDD)<\/li>\n<li>Customer Due Diligence Procedures (CDD)<\/li>\n<li>Enhanced Due Diligence Procedures (EDD)<\/li>\n<li>Economic Profile and Transactions Monitoring<\/li>\n<li>Ground Rules<\/li>\n<li>Matrix<\/li>\n<li>Variables<\/li>\n<li>Newtons 3<sup>rd<\/sup> Law of Motion<\/li>\n<\/ul>\n<\/div><\/div><\/div><div class=\"fusion-panel panel-default panel-b72a0826c46a5b91e fusion-toggle-no-divider fusion-toggle-boxed-mode\" style=\"--awb-title-color:#006ba1;\"><div class=\"panel-heading\"><h4 class=\"panel-title toggle\" id=\"toggle_b72a0826c46a5b91e\"><a aria-expanded=\"false\" aria-controls=\"b72a0826c46a5b91e\" role=\"button\" data-toggle=\"collapse\" data-parent=\"#accordion-3707-2\" data-target=\"#b72a0826c46a5b91e\" href=\"#b72a0826c46a5b91e\"><span class=\"fusion-toggle-icon-wrapper\" aria-hidden=\"true\"><i class=\"fa-fusion-box active-icon awb-icon-minus\" aria-hidden=\"true\"><\/i><i class=\"fa-fusion-box inactive-icon awb-icon-plus\" aria-hidden=\"true\"><\/i><\/span><span class=\"fusion-toggle-heading\">Part 3 - Sanctions and Prohibitions<\/span><\/a><\/h4><\/div><div id=\"b72a0826c46a5b91e\" class=\"panel-collapse collapse \" aria-labelledby=\"toggle_b72a0826c46a5b91e\"><div class=\"panel-body toggle-content fusion-clearfix\">\n<ul>\n<li>EU Sanctions (Packages 1<sup>st<\/sup>, 2<sup>nd<\/sup>, 3<sup>rd<\/sup>, 4<sup>th<\/sup>, 5<sup>th <\/sup>, 6<sup>th<\/sup>)<\/li>\n<li>EU Prohibitions (Articles 5b, 5f, 5m, 5n)<\/li>\n<li>Other Sanctions Regimes (UN, US, UK, Other Third Countries)<\/li>\n<li>Main challenges in Interpretations (Aggregation, Trusts, Indirect Exposure)<\/li>\n<li>Sanctions Compliance Program (SCP)<\/li>\n<li>Sanctions Danger Zones<\/li>\n<\/ul>\n<\/div><\/div><\/div><div class=\"fusion-panel panel-default panel-a8c92283a88c9d6bb fusion-toggle-no-divider fusion-toggle-boxed-mode\" style=\"--awb-title-color:#006ba1;\"><div class=\"panel-heading\"><h4 class=\"panel-title toggle\" id=\"toggle_a8c92283a88c9d6bb\"><a aria-expanded=\"false\" aria-controls=\"a8c92283a88c9d6bb\" role=\"button\" data-toggle=\"collapse\" data-parent=\"#accordion-3707-2\" data-target=\"#a8c92283a88c9d6bb\" href=\"#a8c92283a88c9d6bb\"><span class=\"fusion-toggle-icon-wrapper\" aria-hidden=\"true\"><i class=\"fa-fusion-box active-icon awb-icon-minus\" aria-hidden=\"true\"><\/i><i class=\"fa-fusion-box inactive-icon awb-icon-plus\" aria-hidden=\"true\"><\/i><\/span><span class=\"fusion-toggle-heading\">Part 4 - AML\/Sanctions Case Studies<\/span><\/a><\/h4><\/div><div id=\"a8c92283a88c9d6bb\" class=\"panel-collapse collapse \" aria-labelledby=\"toggle_a8c92283a88c9d6bb\"><div class=\"panel-body toggle-content fusion-clearfix\">\n<ul>\n<li>Case Studies \u2013 Governance &amp; Risk Assessment<\/li>\n<li>Case Studies \u2013 Identification &amp; Economic Profile<\/li>\n<li>Case Studies \u2013 Sanctions &amp; Prohibitions<\/li>\n<\/ul>\n<\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/p>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":2,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"100-width.php","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_price":"","_stock":"","_tribe_ticket_header":"","_tribe_default_ticket_provider":"Tribe__Tickets_Plus__Commerce__WooCommerce__Main","_tribe_ticket_capacity":"0","_ticket_start_date":"","_ticket_end_date":"","_tribe_ticket_show_description":"","_tribe_ticket_show_not_going":false,"_tribe_ticket_use_global_stock":"","_tribe_ticket_global_stock_level":"","_global_stock_mode":"","_global_stock_cap":"","_tribe_rsvp_for_event":"","_tribe_ticket_going_count":"","_tribe_ticket_not_going_count":"","_tribe_tickets_list":"[{\"id\":3783,\"type\":\"default\",\"title\":\"AML - 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