Antonis Frangos and Costas Christofides attended the seminar on Introduction to Anti Money Laundering by Charalambos Anastasiades and Demetris Loucaides Directors of CiSero Ltd. During the seminar, the Panellists explained in their introduction what is money laundering, which are the stages of money laundering and the law-regulations that are relevant for compliance purposes.
Reference was also made to the essence to maintain client identification procedures, the types of transactions which are likely to materialise and the recognition-reporting of suspicious transactions or activities. Specific attention was paid to the risk based approach that offices should implement in their internal procedure.
The seminar took place on 3rd of July 2014 at Hilton Hotel in Nicosia.
