This course provides a comprehensive overview of Anti-Money Laundering (AML) and Know Your Customer (KYC) practices, tailored to meet the regulatory requirements of CySEC’s laws, regulations, and legislation. Designed for professionals in the financial sector, the course delves into the principles, regulatory frameworks, and practical applications necessary for ensuring compliance and effective risk management. Gain the essential knowledge and skills to identify and prevent money laundering activities and implement robust KYC procedures.
Objectives:
- Understand the fundamental principles of AML and KYC practices.
- Learn the regulatory requirements set by CySEC for AML compliance.
- Implement a risk-based approach to AML, tailored to individual client risk profiles.
- Master the procedures for Customer Due Diligence, Enhanced Due Diligence, and Simplified Due Diligence.
- Identify and mitigate operational risks associated with money laundering.
- Perform the duties of a Compliance Officer, including record-keeping and reporting.
- Apply CySEC-specific regulations and best practices to ensure effective compliance.
- Stay updated with the latest changes in AML legislation and regulations.
Lessons:
