General Information
Course Title:Enhancing AML Compliance: from theory to practice
Course Date: 25 April 2025
Time & Duration: 15:00 – 18:00
Course CPD’s: 3 units
Language: English
Delivery Mode: Online, via Zoom
Speaker/Instructor: Nicky Xenofontos / Advocate – TEP (certified trust and estate practitioner by STEP UK, STEP Cyprus Branch Chairwoman, certified AML Compliance Officer)
Fees: €89
Organiser: AUCY in conjunction with N. Xenofontos LLC Law Firm
Target Audience: Professionals in the legal, audit, accounting, fiduciary services industries.
Certification: Participants will receive a Certificate of Attendance for 3 CPD units subject to full attendance of the webinar.
To provide a comprehensive understanding of Anti-Money Laundering (AML) regulations, frameworks, and best practices, to bridge the gap between theoretical AML compliance concepts and their practical implementation in professional services and businesses, equipping professionals with the latest developments and tips to strengthen their AML compliance programmes whilst facilitating knowledge-sharing and discussion among AML professionals, regulators, and compliance officers, with example case studies.
1. Understanding AML Fundamentals – Review key AML regulations, international standards (e.g., FATF, EU Directives), and regulatory expectations.
2. Risk-Based Approach – Explore the importance of risk assessments in AML compliance and how to tailor controls accordingly.
3. Transaction Monitoring and Reporting – Discussing effective transaction monitoring techniques, red flags, and Suspicious Activity Report (SAR), Suspicious Transaction Reports (STR) filing requirements.
4. Case Studies and Best Practices – Analysing examples of AML compliance challenges and solutions through case studies.
5. Regulatory Trends and Future Outlook – Gain insights into emerging AML threats and regulatory developments, the new EU AML Package with reference to the new AML Regulation, the 6th AML Directive and the establishment, poeration of the EU Anti Money Laundering Authority (AMLA).
6. Interactive Q&A and Discussion – Providing attendees with an opportunity to engage and ask questions on practical implementation.
This webinar aims to empower compliance professionals with actionable insights to strengthen their AML frameworks and stay ahead of evolving financial crime risks.
You will learn about:
• Client on boarding
• Risk Assessments and Policies
• Internal Compliance and Risk Policies
• Employee Training
• Reporting to competent authorities
• On-going monitoring and what should be done during the client relationship
• How to tackle complex AML and Due Diligence matters
• Examples of what checklists and due diligence questionnaires you should have and use
• What an Anti-Money Laundering Manual should contain
• Current economic sanctions and applicability
• The impact of domestic and international regulatory developments
• Emerging better practice for risk and compliance functions
• Management and mitigation of continuing personal liability for compliance officers
The end goal is for participants to be equipped with in-depth knowledge on compliance matters and how to apply these from a practical point of view.
As ever compliance officers and senior management officials will need to be front and centre to give their firms the best chance of trouble fee compliance implementation. There are a range of consistent issues or challenges which all compliance officers, no matter the size or sector of their firm.
• Introduction to the AML Regulatory Framework in Cyprus and the EU.
• Client On Boarding
• Economic Sanctions
• Practical Due Diligence measures and implementation
• Examples of AML Manuals, Due Diligence Questionnaires, Checklists
• How to perform risk assessments
• Client monitoring
• Implementing a Compliance Culture and Governance
• Employee Training
• Regulatory Reporting
• Mitigating Risks
• NEW EU AML Package
• Case Studies & Complex Structures
| 15:00 – 15:10 | Online registration & introduction |
| 15:00 – 16:30 |
Compliance Culture: AML Procedures & Policies
|
| 16:30 – 16:45 | Break |
| 15:00 – 16:30 |
The New EU AML Package and Implications
|
| 17:45 – 18:00 | Q & A Session – end of webinar |
• Speaker/Instructor: Nicky Xenofontos / Advocate – TEP (certified trust and estate practitioner by STEP UK, STEP Cyprus Branch Chairwoman)
Born and raised in Johannesburg, South Africa. She obtained her LLB and LLM (EU law) from the University of Leicester. Nicky is a certified Trusts & Estates Practitioner (TEP – STEP Chairwoman of the STEP Cyprus Branch, a certified AML Compliance Officer from the Cyprus Securities & Exchange Commission, licensed Insolvency Practitioner, and Vice President of the Trusts Committee of the Cyprus Bar Association appointed in 2023.
In 2019, Nicky established the law firm N. Xenofontos LLC, of which she is the Managing Partner. The firm is a boutique, business centric law firm, specialising in corporate, commercial law, intellectual property, insolvency and restricting, trusts and estates, compliance, regulatory, privacy law and fiduciary appointments.
Major areas of expertise and practice include the setting up and administration of trusts, general legal advice and opinions, estate and inheritance planning, intellectual property corporate insolvency / restructuring, general corporate and commercial law. Another major area of practice and expertise is compliance, anti-money laundering and regulatory matters having advised major corporations and governmental authorities as well as private clients and firms on their AML, compliance and regulatory matters.
Apart from the above, Nicky is a legal trainer-lecturer on her areas of expertise and regularly holds seminars through the firm’s legal training centre – NextStep Legal Training Centre accredited by the Cyprus Bar Association for Continuous Professional Development and also provides in-house training to law firms, accounting and audit firms.
In November 2022, Nicky was appointed by the Ministry of Finance of the Republic of Cyprus to serve as a non-executive member of the Board of Directors of the semi-governmental owned House Financing Corporation.
