The Cyprus Securities and Exchange Commission (CySEC) is announcing to all interested parties that the first “AML Compliance Officer” exams will take place on 4 February 2020 ensuring that all appointed AML compliance officers have been properly trained.
The exams are conducted in the Commission’s effort to prevent the money laundering and terrorist financing by adhering the EU Directives and following CySEC’s Directive on the Certification of Persons and the Certification Registers.
The exams will focus on areas such as, inter alia: the understanding of money laundering, terrorist financing and sanctions; legal and regulatory requirements; the AML compliance culture; obligations of UCITS and UCITS structure; AIF and AIFM Laws; the prevention and suppression of money laundering and terrorist financing laws; as well as transaction monitoring and suspicious reporting.
All interested persons can submit an application to take the exam starting 17 December 2019. Primarily, the examinations will be carried out in English and later on in Greek.
Successful candidates may register in the AML compliance officers register within four weeks of receiving the relevant email notification by CySEC.
CySEC’s announcement can be found here.