iSPIRAL sponsored the ACAMS Cyprus Chapter event on the General Data Protection Regulation. Ms Irene Loizidou Nikolaidou, Commissioner for Personal Data Protection, Cyprus provided a holistic presentation on the regulation, informing ACAMS members on the upcoming changes resulting from the enforcement of the regulation. The event provided an excellent opportunity to ACAMS Chapter members to discuss and resolve issues especially with regards to the implementation of the regulation in relation to Anti Money Laundering. The seminar took place at Bank of Cyprus Head offices, Ayia Paraskevi, Nicosia on the 13th of September 2017.
How do you know that your Anti-money laundering (AML) Compliance program is effective?
Transaction testing:How it is conducted ➡ Reviewing a sample of transactions to identify potential instances of money laundering or terrorist financing.Purpose 👉 To identify weaknesses
