AML Requirements – Central Bank Cyprus
An in-depth analysis of the AML/CFT regulatory framework administered by the Central Bank of Cyprus, covering compliance requirements for credit institutions and supervised payment entities.
About This Seminar
Credit institutions and payment service providers supervised by the Central Bank of Cyprus face a specific set of AML/CFT obligations shaped by both EU Directives and CBC guidance. This programme provides a detailed examination of those requirements and the supervisory expectations that accompany them.
What you will cover
- The CBC’s AML/CFT supervisory mandate and powers
- Obligations for credit institutions under the EU AMLD framework as transposed in Cyprus
- CBC Directive on AML/CFT for credit institutions
- Correspondent banking obligations and de-risking considerations
- CBC supervisory examination process and expectations
- Recent enforcement actions and compliance lessons