The role of Regulatory Technology for an effective AML & CFT framework-HRDA

This virtual seminar will provide a comprehensive overview of the key provisions of the legislation to ensure compliance with current laws. It will outline methods for effectively identifying, preventing, and suppressing activities related to money laundering and terrorist financing.

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Course Highlights:

1. The evolution of Anti-Money Laundering (AML) legislation:
- AML compliance lapses across regions
- Lessons learned from the enforcement actions
- Scandals in a world map and the global effect
- From the 5th to the 6th AMLD | Key requirements of the 6th AMLD
- Ultimate Beneficial Owners (UBOs)
- Politically Exposed Persons (PEPs)

2. Financial Crime (FC)​

- Financial Crime – a global threat
- Global efforts to combat FC
- Key Initiatives to combat FC
- Prevent FC and protect your firm’s reputation

3. Key Challenges for Supervised Entities

4. Key challenges in implementing safeguards for preventing FC via RegTech

- Key challenges for regulated financial institutions (FIs)
- Technology, a necessity not a choice!
- RegTech can moderate the compliance’s complexity
- Challenges to incorporate RegTech
- Key Takeaways

5. Common deficiencies in AML Compliance Programs

- Client Acceptance Policy
- Economic Profile
- CDD, EDD, AML Screening,
- Source of Funds (SoF), Source of Wealth (SoW), Corroboration of Wealth
- Risk Based Approach (RBA) – key deficiencies
- Sound compliance framework

Who should attend?
The course is designed for professionals and individuals across various roles in the financial sector, including AMLCO, Risk Managers, Compliance Officers, Regulators & Government Officials, Fraud Prevention Specialists, Financial Analysts, Banking and FinTech Professionals, Regulatory and Compliance Experts, Auditors, Data Privacy Officers, Technology Solution Providers, Legal and Policy Experts and Consultants in Financial Service. It caters to a diverse audience aiming to enhance their expertise in the field.

Facilitator:

Giorgos Konstantinou| Guest Speaker | Advisor | Regulatory Technology

Giorgos has over 17 years of senior management experience in FinTech and Financial Services, specializing in sales and business development, regulatory risk advisory, financial crime, regulatory compliance, AML risk assessments, and international and corporate banking.

He is a recognized Subject Matter Expert (SME) in AML advisory, compliance services, and Regulatory Technology (RegTech), with a focus on delivering end-to-end AML solutions for process digitalization and automation. Throughout his career, he has collaborated with a broad range of regulated financial institutions across Europe and the Gulf region, as well as various regulatory authorities.

He is the Founder and Managing Director of K.G.K. ReguTech Advisors Ltd (“ReguTech”), a boutique firm specializing in high-level AML advisory and compliance services, compliance retainers, regulatory inspection preparation and response, and AML assessments. ReguTech offers comprehensive AML RegTech solutions for process automation to both regulated financial institutions (FIs) and regulatory authorities.

Prior to founding ReguTech, Giorgos served as Regional Director at Identomat, where he led business development and operational efforts for the markets under the Cyprus representative office. Before that, he was Group AML Director for a regulated group of companies, spearheading the implementation of the group’s Compliance and AML strategy in alignment with business objectives.

Previously, as a Senior Manager in Deloitte’s Risk Advisory Department, he advised financial institutions and regulatory authorities across Cyprus, Southern Europe, and the Gulf (Saudi Arabia, UAE, Qatar), including credit institutions, insurance companies, and investment firms, focusing on AML compliance, risk assessments, and regulatory readiness. Earlier in his career, he led PwC’s Risk & Quality team and founded the Central Compliance Services team. He began his professional journey at Barclays Bank, managing relationships with international corporate clients from the CIS, CEE, Middle East, and Asia.

From an educational and professional qualifications standpoint, Giorgos holds a strong academic and industry-certified background in financial compliance and business management. He is a Certified Anti-Money Laundering Specialist (CAMS) and holds both the CySEC Anti-Money Laundering (AML) Certificate and the CySEC Advanced Certificate, covering areas such as portfolio management, capital advisory, and investment advice. Additionally, he is an HRDA Approved Trainer, further supporting his role in professional development and training. Academically, he holds a Master in Business Administration (MBA) and a BA (Hons) in Accounting & Finance.

The seminar will be delivered in English.

*The programme specifications have been approved by HRDA.

Total duration (excluding breaks): 6 hours

CPDs: 6

HRDA programme code: 465703