5 CPD
Course Description
This course explains the definition of “Best Execution” and elaborates on Articles 27 and 28 of Directive 2014/65/EU. It also provides a number of Questions and Answers on Best Execution.
Recital 91 of Directive 2014/65/EU provides that “It is necessary to impose an effective ‘best execution’ obligation to ensure that investment firms execute client orders on terms that are most favourable to the client. That obligation should apply where a firm owes contractual or agency obligations to the client”.
MiFID II requires firms to “take all sufficient steps to obtain, when executing orders, the best possible result for their clients taking into account price, costs, speed, likelihood of execution and settlement, size, nature or any other consideration relevant to the execution of the order”.
This course also explains the unfair commercial practices and when a commercial practice shall be regarded as misleading. It also explains when a commercial practice shall be regarded as aggressive, as well as when a commercial practice can be determined that it uses harassment, coercion, including the use of physical force, or undue influence. It also provides a number of examples of misleading and aggressive practices.
It also describes in brief the types of financial crime, the types of investment fraud scheme and provides examples of different investment fraud schemes. It provides an introduction to money laundering and its history and explains the money laundering three stages process of “Placement”, Layering” and “Integration”. It also explains a number of money laundering scandals.
In addition, this course explains the Anti-Money Laundering in Cyprus, the different offences, and describes the powers of MOKAS (Unit For Combating Money Laundering) and Supervisory Authorities. Furthermore, it describes what an obliged entity shall apply in order to mitigate and manage the risks of money laundering and terrorist financing effectively, as well as it describes the responsibilities of the Anti-Money Laundering Officer (AMLCO).
Topics covered
The course is split into the following sections:
Section 1: Best Execution
- Defining Best Execution
- Elaborating on Execution
- Article 27- Directive 2014/65/EU
- Article 28- Directive 2014/65/EU
- Best Execution Q&A
Section 2: Unfair Commercial Practices
- Unfair Practices
- Misleading Actions
- Misleading Omissions
- Aggressive Commercial Practices
- Harassment, Coercion and Undue Influence
- Examples – Misleading Practices
- Examples – Aggressive Practices
Section 3: Crime and Money Laundering
- Types of Financial Crime
- Financial Crime (Europol)
- Social Engineering
- Types of investment fraud schemes
- Introduction to Money Laundering
- Placement
- Layering/Structuring
- Integration
- History of Money Laundering
- Money Laundering Scandals
- MONEYVAL
- More on Laundering Methods
Section 4: Money Laundering in recent years
- Brand New Money Laundering Scandals
- Mafia-related dirty money
- Not Just in Europe
- The Chinese Underground Banking
- Crypto Launderers, Gangsters and Spies
Section 5: AML in Cyprus
- Who Do the Rules Apply For
- Offences
- Laundering offences
- Predicate Offenses
- Other Related Offences
- Unit for Combating Money Laundering
- Unit’s Powers
- Supervisory Authorities
- Duties of Supervisor
- Supervisor Abilities
- Fines and Penalties
- Factors Affecting the Decision
- Special Provisions: Inside the Organization
- Central Bank of Cyprus – Bank AML
- AMLCO
Course Duration
This course may take up to 5 hours to be completed. However, actual study time differs as each learner uses their own training pace.
The course is addressed to:
This course is addressed to all individuals who are involved in Investment Firms (forex, brokers, etc) and funds, as well as to all individuals who practice Anti-Money Laundering or interested to learn or enhance their knowledge in Money Laundering such as:
- Executive Directors, Non-executive directors, Senior Managers, Compliance Officers, Risk Managers, Product Managers, Portfolio Managers, Investment Advisors, Dealers, Marketing Managers and in general employees of investment firms, funds, ASPs, Law firms, Accountants and Auditors.
- Compliance/AML Managers and staff in Banks, Investment Firms, Investment Funds, ASPs, Trust Service Corporate Providers, Accountants, Auditors and Lawyers.
- Employees of Banks, Investment Firms, Investment Funds, ASPs, Trust Service Corporate Providers, Accountants, Auditors, Law Firms and other professionals who are involved or interested to learn or enhance their knowledge in Money Laundering.
- Internal Auditors
- Consultants
- Lawyers
It is also suitable to professionals pursuing CPD for the renewal of CySEC Certificates (CySEC Basic or CySEC Advance Certificate or CySEC AML Certificate) or other relevant certificates in other jurisdictions.
Training Method
The course is offered fully online using a self-paced approach. The learning units consist of power point presentations. Learners may start, stop and resume their training at any time.
At the end of the course, participants take a Quiz to complete the course and earn a Certificate of Completion once the Quiz has been passed successfully.
Accreditation and CPD Recognition
The course may be accredited by regulators and other bodies for 5 CPD Units that require CPD training in financial regulation and/or Anti-Money Laundering.
Eligibility criteria and CPD Units are verified directly by your association or other bodies in which you hold membership.
Registration and Access
To register to this course, click on the Take this course button to pay online and receive your access instantly. If you are purchasing this course on behalf of others, please be advised that you will need to create or use their personal profile before finalizing your payment.
Access to the course is valid for 90 days.
If you wish to receive an invoice instead of paying online, please Contact us by email. Talk to us for our special Corporate Group rates.
Instructor
With more than 10 years of experience, Nektarios is an expert in the financial services industry, having worked in key roles at investment funds, CIFs and other service providers. His exposure to the industry allowed him to gain knowledge in a variety of vital investment functions.
Complementing his practical knowledge of the industry, Nektarios also holds a number of professional and academic qualifications, including CySEC’s Advance Certification. He is currently employed by an Investment Fund.
See more Courses from Nektarios Michael
