CiSero Anti-Money Laundering Seminar – December 2014
Yiota Elpidoforou Corporate Administrative Assistant presented Nicos Neophytou Law Partners at the Introduction to Anti-Money Laundering Seminar, which was held on Tuesday, 9 December, 2014 at the Hilton Hotel, in Nicosia.
Mr. Charalambos Anastasiades and Mr. Demetris Loucaides Directors of CiSero were the speakers of the seminar which clearly analyses an understanding of Money Laundering and general understanding of the of Anti-Money Laundering Laws.
The main objectives of the seminar were as follows:
➢ Provide an understanding of money laundering and how it can affect an organization.
➢ Provide general understanding of the Anti-Money Laundering laws and Directives.
➢ Learn about critical internal controls and how these can protect an organization.
➢ Discuss “Know Your Customer” and “Due Diligence” requirements.
➢ Understand Risk Based Approach.
➢ Review steps for Customer Enhanced Due Diligence.
➢ Discuss how to spot unusual and suspicious activities.
➢ Examine common and uncommon red flags and money laundering techniques.
➢ Discuss real case studies and common practices.
➢ Understand detection and reporting requirements.
➢ Discuss the duties and responsibilities emanating from the law and directives.