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UCLan Cyprus hosts a successful professional course dedicated
to Anti-Money Laundering and Counter-Terrorist Financing
On Saturday 25 November 2017, UCLan Cyprus hosted an all-day professional course focusing on ‘The Fundamentals of Anti-Money Laundering and Counter-Terrorist Financing Compliance’.
The course was attended by 20 or so attendees from the legal profession, the financial services industry, business and academia.
The course was delivered by two speakers. One was Christian Pelaghias, a Swedish advocate practising as a Registered European Lawyer in the Republic of Cyprus where he is the Anti-Money Laundering (AML) compliance officer in Chr. G. Pelaghias & Co LLC, a law firm based in Larnaca. He is a member of the Association of Certified Anti-Money Laundering Specialists (ACAMS) and is a founding member, and a member of the board of directors, of the Cyprus Chapter of ACAMS. The other speaker was Dr. Klearchos A. Kyriakides, an Assistant Professor of Law at UCLan Cyprus, who qualified as a solicitor in England before leaving private practice to dedicate himself to undergraduate, postgraduate and executive legal education in England and in Cyprus with a focus on professional skills and conduct.
The course provided delegates with a realistic and practical insight into various important topics including:
• The meaning and implications of money laundering and terrorist financing;
• The key steps to take in order to structure an Anti-Money Laundering / Counter-Terrorist Financing (‘AML/CTF’) compliance programme and to promote a culture of compliance;
• The relevant treaties, laws, guidelines and other texts which are relevant to AML/CTF;
• The main AML/CTF laws in England and the Republic of Cyprus.
If the course had any overarching theme, it was that those working in the legal profession and the financial services industry must uphold the rule of law while remaining on their guard in case any of their clients may be involved in fraud, bribery, theft, false accounting, tax evasion, narcotics trafficking, human trafficking, terrorism or any other crime which is prevalent in the eastern Mediterranean region or in the wider world.
At the close of the course, each attendee received a certificate of attendance as evidence of their participation in an event which assisted in their continuing professional development.
The School of Law of UCLan Cyprus is grateful to the attendees. It is also grateful for the very positive feedback which they gave and for their suggestions as to which topics may be considered in future courses of this nature. The School of Law looks forward to offering additional professional courses and, in the meantime, it welcomes suggestions as to which compliance-related topics might be chosen for the benefit of attendees in the future.
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