Anti-Money Laundering
(AML)
Syllabus Learning Map
Edition B / EN
Intentionally blank page
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Syllabus for the CySEC AML
Certification Examination
CHAPTER 1
INTRODUCTORY PROVISIONS
1.1. References used in the manual
The Cyprus Securities & Exchange Commission
1.2.
(CySEC)
1.3. Becoming an AML certified compliance officer
1.4. The objectives of the CySEC AML Certification
1.5. Workbook for the AML Certification Examination
CHAPTER 2
UNDERSTANDING MONEY LAUNDERING, TERRORIST
FINANCING AND SANCTIONS
2.1. What is Money Laundering (ML)?
2.2. The 3 (three) stages of ML
ML threats and vulnerabilities in accordance with
2.3. the National Risk Assessment (NRA) and methods of
ML
2.4. Terrorist Financing (TF) and TF Criminalization
2.5. Sanctions
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Edition B / EN
CHAPTER 3
LEGAL AND REGULATORY REQUIREMENTS
Unit for Combating Money Laundering and Financial
3.1.
Intelligence Unit of Cyprus (MOKAS)
3.2. The Supervisory Authority
Main provisions of the AML/CFT Law with regard to
3.3.
criminal liability, offences and penalties
3.4. European Directives
3.5. FATF
3.6. High Risk Third Countries
3.7. MONEYVAL
The Anti-Terrorism and Victims Protection Acts of
3.8.
2019 and 2022
The United Nations Security Council Resolutions
and Decisions (Sanctions) and the Council of the
3.9.
European Union (Restrictive Measures) Law of 2016
(58(I)/2016)
CHAPTER 4
THE AML COMPLIANCE CULTURE
4.1. Basic elements of a strong compliance culture
4.2. Internal Policies, Controls and Procedures
4.3. The Role of the BoD
The role and duties of the AML Compliance Officer,
4.4. the Alternate AML Compliance Officer and
Assistants
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Syllabus for the CySEC AML
Certification Examination
The establishment and role of an Internal Audit
4.5.
function
4.6. Employees obligations, education and training
CHAPTER 5
ASSESSING AND MANAGING RISKS
5.1. Risk-Based Approach (RBA)
5.2. Identifying ML and TF risks
5.3. Factors to determine risks
5.4. Assessing ML/TF Risks
On-going monitoring of the risk assessment and
5.5.
record keeping
Chapter 6
Know Your Customer (KYC) and Customer Due
Diligence (CDD)
6.1. Procedures for the prevention of ML and TF
Customer Identification and Due Diligence
6.2.
procedures
6.3. Simplified Customer Due Diligence (SDD)
6.4. Enhanced Customer Due Diligence (EDD)
Sectoral guidelines for application of Customer
6.5.
Due Diligence measures
6.6. Ongoing Monitoring
6.7. Beneficial Ownership information
6.8. Reliance on third parties
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Edition B / EN
CDD in case of networking of Obliged Entities or
6.9.
groups
6.10. Prohibition of cooperation with shell banks
6.11. Processing of personal data
Chapter 7
Transaction Monitoring & Suspicious
Reporting
Internal reporting procedures and external
7.1.
reporting to MOKAS
Examples of suspicious transactions and activities
7.2.
related to ML and TF
Chapter 8
Crypto Asset Service Providers
Registration Procedure for Crypto Asset Service
8.1.
Providers
Organizational and Operating Requirements for
8.2.
CASPs
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