The Cyprus Securities and Exchange Commission (CySEC) is the responsible authority for overseeing and supervising all investment services offered in and from Cyprus. CySEC’s main priorities are to ensure investor protection and the smooth operation of the market. Therefore, professionals operating within the investment services industry, must have the required knowledge to execute their duties and responsibilities with competence.

The CySEC Anti-Money Laundering Compliance Officer (AMLCO) examination was introduced in 2020 by CySEC and aims to mitigate risks associated with money laundering and terrorist-financing (ML/TF). The CySEC AML exam covers 8 chapters which are all dedicated to the European anti-money laundering regulation, national law, and CySEC Directives. The CySEC AML exam is a mandatory requirement for AML compliance officers working at Cyprus Investment Firms (CIF) and other regulated entities. With that said, CySEC and Central Bank of Cyprus (CBC) regulated entities such as banks, Payment Institutions, and Electronic Money Institutions (EMI) are obligated to employ a designated AML Compliance Officer. 

Successful CySEC AML exam candidates are inducted into the CySEC AML Compliance Officers Register and are qualified to handle the AML-related compliance duties and responsibilities indicated by their employer. 

Self-studying for the CySEC AML certification gives our learners the opportunity to prepare for successfully passing the exam at their own time and pace. Through a self-paced learning experience, professionals are able to choose the learning environment most suited to their needs whilst still maintaining the crucial contact time with the course instructor.