AML and Fraud Risk Management for Electronic Money Institutions (EMIs)

The EIMF Live Online Learning Experience

Participants will receive access to the recorded sessions of the course.

EIMF subject-matter experts deliver engaging and interactive courses across a broad spectrum of areas, that can be enjoyed in the comfort of your own chosen environment. Read more

Course Overview

With the introduction of a more unified EU legal framework, compliance professionals are expected to move beyond awareness and into implementation. These changes are not just legal – they affect how institutions assess risk, apply controls, and respond to regulatory expectations across sectors.
This training provides a clear, structured update on the evolving AML/CTF landscape. It covers key concepts, regulatory frameworks, risk-based assessments, due diligence practices, sanctions, and transaction monitoring, all grounded in real-world application.

The purpose of this course in the form of an update is to familiarise practitioners with these new regulatory rules and the importance of keeping current the new AML legal framework. The course will address what is expected from financial institutions, professional service providers, lawyers, accountants and auditors on the changes brought about with the adoption of the EU AML Package.

The overall aim is to provide professionals within the services industry insight as to what to expect from the new rules and tips to implement and adhere to these regulations ensuring the continuation of the high-quality services offered to local and international clients in the various industries which they operate.

Training Objectives

By the end of the programme, participants will:

• Familiarize themselves with the updates on the new EU AML Package, implications and how to be prepared.
• Recognize the significance of sanctions and sanctions evasion in disrupting illicit financial flows.
• Define money laundering and terrorism financing, including their key components and distinctions.
• Identify common methods and techniques used for committing money laundering and terrorism financing.
• Describe the regulator’s approach to AML & CTF.
• Explain the international legal framework designed to combat money laundering and terrorist financing, including recent and upcoming regulatory updates.
• Summarize the EU legal framework’s approach to AML & CTF, highlighting recent and upcoming regulatory changes.
• Outline the national legal framework for AML & CTF in various jurisdictions, noting key updates and regulatory developments.
• Utilize a risk-based approach to conduct business-wide risk assessments and individual customer risk assessments.
• Implement Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD) practices in real-world scenarios.

Training Outline

– Business-wide risk assessment

– Individual customer risk assessment

– PEPs

– High-risk countries

– Other high-risk situations

Who Should Attend

Training Style

The programme is designed to deliver high-level knowledge and insights into the EU financial services regulatory agenda and developments. It will strive to enhance participants’ skills and knowledge via lectures supported by power-point presentations and practical examples. The training style is both training-focused, involving a combination of presentation and real-live examples, but also learner-focused, where participants are encouraged to raise questions, seek clarifications and share their opinions from their different perspectives and engage in an exchange of views and personal professional experiences.

CPD Recognition

This programme may be approved for up to 7 CPD units in Financial Regulation and AML. Eligibility criteria and CPD Units are verified directly by your association, regulator or other bodies which you hold membership.

The course has been approved and verified by the Cyprus Bar Association (CyBAR). The Summary of CyBAR’s Updated CPD Guidelines Based on the Operational Framework of the Cyprus Bar Association (CBA) Academy can be found here.

This training course may be approved as an external activity under the new ACAMS recertification category ”non-ACAMS credits” for up to 7 CPD units. Eligibility criteria and CPD Units are verified directly by the Association of Anti-Money Laundering Specialists (ACAMS). To read more about the non-ACAMS credits policies and eligibility criteria please click here.

In-house Training

For groups within the same organisation, this course may be customized to meet any specific needs and delivered in-house.