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Skanestas Team Successfully Completed the Annual AML & Sanctions Training

By May 30, 2024May 31st, 2024Blog, News, RECENT, Skanestas Life

We are pleased to announce that the entire Skanestas team has successfully completed the “AML & Sanctions – Critical Considerations 2024: A Case Studies Approach” course. This training is mandatory for employees of financial companies.

With increasingly stringent anti-money laundering (AML) and economic sanctions requirements, regulatory scrutiny is intensifying. For regulated entities, adhering to these standards is crucial to avoid fines and prosecution. Ensuring AML and sanctions compliance is a top priority for regulatory authorities and law enforcement agencies worldwide, and we are committed to meeting these high standards.

The course aimed to provide our team with expert knowledge and practical skills for effective AML and sanctions compliance. The program was designed to address current requirements and challenges faced by regulated entities, offering an in-depth review of legislation and its practical application.

The training was based on the analysis of real-world cases, allowing participants to gain practical insights and apply their knowledge in practice. It included interactive sessions, discussions, and group work focused on enhancing understanding and improving risk management skills.

Program Highlights:

Legislation

  • AML and sanctions laws from Cyprus, the European Union, the United Nations, the United States, and the United Kingdom.
  • CySEC, ICPAC, and CyBAR directives on AML and sanctions.

Critical Aspects of AML and Sanctions

  • Governance and regulatory requirements.
  • Challenges and issues in sanctions compliance.
  • Practical case studies and examples.

About the Trainer

Yiannis Pettemerides BA, MA, FCA(ICAEW)The course was conducted by Mr. Yiannis Pettemerides (BA, MA, FCA (ICAEW)), a consultant with over 25 years of experience in forensic investigations, sanctions compliance, and anti-money laundering. Mr. Yiannis Pettemerides holds bachelor’s and master’s degrees in accounting, economics, and finance (BA, MA), and is a Fellow of the Institute of Chartered Accountants in England and Wales (FCA/ICAEW) and a member of the Institute of Certified Public Accountants of Cyprus (ICPAC). He is also a member of the Institute of Internal Auditors (IIA), the Association of Certified Fraud Examiners (ACFE), and the International Compliance Association (ICA).

Our Commitment

We are proud of our team’s dedication to excellence and continuous professional development. This course is a significant step towards maintaining the highest standards of compliance and protecting our clients. We believe the knowledge and skills acquired will help us effectively manage risks and stay at the forefront of regulatory compliance.

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For more information, please contact our Compliance Department via info@skanestas.com.

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