On December 2019 CySEC announced the introduction of "AML Compliance Officer" exams which will take place starting from 4th of February 2020.
The exams will be held every Tuesday and Thursday in Nicosia. Initially, the examinations will be carried out in English and later on in Greek.
The purpose of the exams is to ensure that the individuals who are appointed as AML compliance officers have been properly trained. The exams certify that AML compliance officers have the necessary knowledge and are able to fulfil their assigned duties with competence.
The syllabus of the exam can be found on CySEC’s website and applications can only be submitted online.
Successful candidates may register in the AML compliance officers register within four (4) weeks of receiving the relevant email notification by CySEC.
Individuals who are already employed or appointed as AML compliance officers in CySECregulated entities, may submit an application to participate in the examinations as soon as possible. In case they fail the exam, they are obliged to apply to take the next examination in a period of twelve (12) months. The twelve-month period starts from the initial start date of examinations. In case an individual fails the exam in the twelve month-period, then their appointment as AML compliance officer shall not resume until they have managed to pass the exam.
The Cyprus Financial Services Firms Association will provide
courses which will aim to prepare candidates for the exams and to finetune the skills of existing practitioners.
Two courses (February and March) will take place in Nicosia at PASYDY headquarters, 3 Demosthenis Severis Avenue, 1066 Nicosia.
They are divided in 4 sessions of 5 hours each and will be conducted in English language.
Materials will be provided in electronic form ONLY, 4 days prior to the training course date.
Please note that the courses also meets the requirements setforth by the CySEC for CPD of certified persons.
Therefore a Certificate of Attendance for 20cpds will be given to all participants.
Saturday 15th 09:00 - 14:30
Tuesday 18th 09:00 - 14:30
Saturday 22nd 09:00 - 14:30
Tuesday 25th 09:00 - 14:30
Saturday 14th 09:00 - 14:30
Wednesday 18th 09:00 - 14:30
Saturday 21st 09:00 - 14:30
Tuesday 24th 09:00 - 14:30
Euro 250+ vat (Members)
Euro 370+vat (Non Members)
Given the limited number of availability (30 participants each course) applications will be accepted on first come first served basis and only with proof of payment.
Payment can be made by bank transfer or direct deposit to the account:
Bank of Cyprus
Cyprus Chamber of Commerce and Industry
A/C No. 0194-12-006537
IBAN No.CY 16 0020 0194 000 000 12 0065 3700
With the indication
AML Compliance officer exam – CFSFA