Perform and apply the 5th AML updated provisions.
Eligible for HRDA Subsidy
05-06 November 2024 | 9:00 – 12:45
Eligible for 7 CPD units
Webinar Description
The introduction of the 5th Anti-Money Laundering Directive (AMLD5) which was published on June 19, 2018, amends the 4th Anti-Money Laundering Directive and intends to make the legal situation on the cryptocurrency market more transparent. Thus, the AMLD5 is enriched with regulations related to cryptocurrency businesses, aiming to strengthen the barriers to fighting against money laundering and restrain terrorist financing.
While the growth of the cryptocurrency market has been exponential, it still lacks a consistent legal and regulatory framework. In the light of this, the 5th Directive is of significant importance since it constitutes a key development and a uniform framework for regulators across the EU to adopt. Along with this, emerging technologies, like Blockchain, are revolutionizing the compliance framework by creating innovative and effective ways ranging from transaction monitoring and regulatory reporting to identity management and compliance improvement.
Benefits of attending:
- Perform and apply the 5th AML updated provisions and rules to internal AML policies and manuals to ensure compliance.
- Document whether their business falls within the updated AML provisions regarding obliged entities
- Comprehend emerging technology and blockchain-reliant businesses (like crypto exchange, and wallet providers) and how they operate
- Comprehend the main amendments and developments brought by the 5th Anti-Money Laundering Directive
Olesya Chrysanthou
Olesya Chrysanthou is the founder, Managing Director, and AML Compliance officer of CPV Corporate Services Ltd. A company specializing in providing accounting services to companies dealing with complex derivative transactions. She is also a co-founder of I.Q. Partnership, a bespoke consultancy.
She graduated from Saint-Petersburg State University of Finance and Economics in 2006 with a degree in accounting, analysis, and audit. In 2012, she obtained an ACCA qualification, becoming a member of the Association of Chartered Certified Accountants, and in 2017, she became a Fellow of this association. In 2019, she became a member of the International Compliance Association (ICA), completing the International Diploma in Anti-Money Laundering. In 2020 she obtained certification from the International Cyber Threat Task Force (ICTTF) with the Certified Cyber Risk Officer’s credential.
