Course Description and topics covered

The Course will cover the following topics:

• Responsibilities of the compliance function
  • Compliance risk assessment.
    • Performance of compliance risk assessments as part of the risk-based approach.
  • Monitoring obligations of the compliance function.
    • Use of the Compliance risk-assessment to determine the Compliance monitoring program – establish priorities.
    • Tools and methodologies.
    • Access to customer complaints and use these in the monitoring program.
  • Reporting obligations of the compliance function.
    • Compliance Officer annual report.
  • Advisory and assistance obligations of the compliance function.
    • Day-to-day assistance for staff and management – Training.
    • Development of the relevant policies and procedures.
    • Summary of the role and responsibilities of the Compliance function.

• Organisational requirements of the compliance function
  • Effectiveness of the compliance function.
    • Allocation of appropriate human and other resources.
    • Access to all relevant database and records.
  • Skills, knowledge, expertise and authority of the compliance function.
  • Permanence of the compliance function.
  • Independence of the compliance function.
  • Proportionality with regard to the effectiveness of the compliance function.
    • Proportionality criteria.
  • Combining the compliance function with other internal control functions.
  • Outsourcing of the compliance function.

• Competent authority review of the compliance function
  • Review of the compliance function by the competent authorities.
    • Is the compliance function adequately resourced and organised?
    • Have adequate reporting lines been established?
    • Have adequate reporting lines been established?
    • Assessment of the qualifications of the compliance officer.
    • Common deficiencies and good practices identified by CySEC.

Course Duration

This Course will be presented Online Live on 22 November 2024 at 10:00 – 15:30. The Course duration is 5 hours.

The Course is addressed to:

This Course is addressed to all individuals who are involved in Investment Firms (forex, brokers, etc) and funds 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 and funds.
• Internal Auditors
• Consultants

It is also suitable to professionals pursuing CPD for the renewal of CySEC Certificate (CySEC Basic and CySEC Advance Certificate) or other relevant professional certificates in other jurisdictions.

Training Method

Live Online

At the end of the Course, participants take a Quiz. A Certificate of Completion shall be issued and sent to participants after the Course is completed.

Accreditation and CPD Recognition

The Course may be accredited by regulators and other bodies for up to 5 CPD Units, that require CPD training in financial regulation. The course may be also approved for up to 5 CPD Units by institutions that approve general financial training, such as the CySEC, ICPAC, CBA and CISI.

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 “Take this Course” above to pay online and register for this Course. After your registration, you will receive an email with information for the Live Online presentation of the Course.

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.

If you wish to receive an invoice instead of paying online, please complete and submit the Registration Form or Contact us by email. Talk to us for our special Corporate Group rates.

Instructor

Experience

George Papanicolaou has more than 20-years experience in the Financial industry. He worked for several years in managerial positions as area Manager, Head of Brokerage, Compliance Officer, Anti Money Laundering Officer, General Manager and Executive Director in Cypriot Investment Firms as well as Managing Director of GP GLOBAL LTD offering consulting services and training courses to Investment Firms, focuses in Internal Audit, compliance & AML issues. He offered numerous courses/seminars both in Cyprus and abroad in Investment Firms Law as well as in Compliance & Anti Money Laundering. George Papanicolaou is also a Chairman of a Nomination Committee in a company listed in the Oslo Stock Exchange.

Education

George Papanicolaou holds a BSc in Electronic Engineering from the University of Texas at Austin (USA), an MBA with specialization in Finance from Leicester University (UK) and a Postgraduate Certificate in the Mechanics of Risk Management from Middlesex University (UK).

He also holds an ICA International Diploma in Anti Money Laundering from the International Compliance Association and the University of Manchester, as well as an Advance and Money Laundering certificate from the Cyprus Securities and Exchange Commission for the provision of investment services/activities.

George Papanicolaou is member of the AML and Compliance Committee of the Institute of Certified Public Accountants of Cyprus (ICPAC), a Fellow of the International Compliance Association (FICA), Mentor of ICA new students, member of the Cyprus Institute of Internal Auditors and the first Network chair for Cyprus of the International Compliance association.

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