CPD COURSE CATALOG FALL 2022_ THE SCHOOL OF PROFESSIONAL STUDIES

K E E P Y O U R C A R E E R M O V I N G W I T H 

PROFESSIONAL DEVELOPMENT 

TRAINING SOLUTIONS 

2 0 2 2 F A L L | C P D C O U R S E C A T A L O G U E

CPD COURSE 

CATALOGUE | 

SEPTEMBER- 

DECEMBER 2022

CONTINUING 

PROFESSIONAL 

DEVELOPMENT SEMINARS 

T H E S M A R T S O L U T I O N F O R W O R K I N G P R O F E S S I O N A L S 

Continuing Professional Development- CPD, is the ongoing process of 

developing, maintaining, and documenting your professional skills. These skills 

may be gained formally, through courses or training, or informally, on the job 

or by watching others. 

Some professions use the term 'continuing professional development’ formally 

and require a certain amount of development activity to be carried out and 

documented each year as a condition of maintaining your membership of, or 

registration with, a professional body, or a license to operate in that field. In 

other areas, CPD is used more informally. A commitment to learning and 

improving is, however, generally expected of anyone in a professional capacity. 

FOR ORGANIZATIONS: In today’s testing business environment, with 

organizational transformation and regulatory change constant features, a 

flexible and cost-effective workforce is critical. High-quality training is a 

crucial element of innovative talent management, to improve performance and 

ensure your teams can respond to today’s challenges and are equipped for 

career success. 

FOR INDIVIDUALS: Engaging in Continuing Professional Development 

ensures that both academic and practical qualifications do not become 

outdated or obsolete; allowing individuals to continually ‘up skill’ or ‘re-skill’ 

themselves, regardless of occupation, age, or educational level. CPD enables 

individuals to adapt positively to changes in work/industry requirements. CPD 

shows a clear commitment to self-development and professionalism.

WAYS TO STUDY WITH US 

C H O O S E A D Y N A M I C W A Y O F L E A R N I N G , R E G A R D L E S S 

O F H O W Y O U C H O O S E T O S T U D Y . 

Our courses are built to provide the skills professionals need to grow in their 

profession, as our teaching methodology is well planned, structured, and 

student-centered. Whether you choose to study face-to-face, online or 

through online pre-recorded courses, you will get expert guidance from a 

panel of highly qualified and experienced tutors committed to the success of 

every student in all subjects. 

SPS CPD courses count as formal CPD as they offer a structured approach, 

where learning objectives/outcomes can easily be identified, and the member 

is essentially ‘taught’ something that enhances their knowledge and/or 

technical skills. Many of our seminars are approved by HRDA and suitable 

subsidies will, therefore be available to all HRDA qualifying participants. 

CLASSROOM BASED COURSES 

Throughout the year, to keep our clients well informed and up to date we 

offer a wide range of CPDs covering a wide range of topic areas, which reflect 

current market needs and training priorities as to help professionals develop 

their knowledge and skills. All our CPDs ensure that delegates maintain the 

highest standards as their career progresses. The subjects are announced 

per semester, and they can help you stay motivated and on track by studying 

at specific times at our campuses in Nicosia and Limassol. 

You can benefit from the following: 

 

 

 

Daytime, evening courses available (dependent on course and location) 

Networking and socializing with fellow professionals. 

The opportunity to focus on-task and to discuss things off-task in 

smaller groups, which provides informal support and reassurance that 

we are often in the same boat as many of professionals in the same 

field. 

*C L A S SR O O M BA SE D C O URSES: P l e as e n o te t hat a s t h e s itu ati on c au se d 

by t he c or on a vir us pan de m ic, k eeps e vo l vi n g i n a d iz zy in g s peed, i f by 

the time o f c om menc i n g d ate is n o t s a f e to r es ume f ac e- to- f a ce t ui t io n 

the cour s es w il l be ru n as ONL INE TUITION L IV E ( OT L ).




LIVE ONLINE INSTRUCTOR - LED COURSES 

For all the challenges that physical, event-based training can pose for 

learners and training decision-makers alike, live virtual training offers a 

compelling, cost-effective, and results-oriented solution to those challenges. 

Live Online Instructor-led courses provide interactive online sessions at 

scheduled dates and times. This is an ideal approach if you want a structured 

class, but with the flexibility of studying from the comfort of office or home. It 

provides everything a student would expect from a traditional face to face 

classroom but delivered live online. 

You can take advantage of the following: 

 

 

 

 

Offers a highly adaptive, effective, and continuous learning model that 

focuses on application, reflection and reinforcement of new knowledge 

and skills over time. 

A highly trained virtual delivery team that includes multiple “on-air” 

presenters engaging dialogue rather than monologue 

Daytime, evening, and weekend courses available (dependent on 

course) 

Can fit it in around a busy schedule much more easily. 

T HE SC HOOL O F P ROFE S SIONA L STU DIE S W ILL P ROV I DE A C E RT IF ICA T E 

OF AT TE NDANCE UP O N SU C CE SS F UL C OM P LET IO N OF A C P D COURSE .




ONLINE PRE-RECORDED COURSES 

For online-prerecorded courses, we work in partnership with BPP a trusted 

training provider for leading firms in the UK and abroad. As pioneers of new 

learning delivery methods, BPP has a well-established online learning 

platform for professionals seeking further training and development 

throughout their career, and for businesses looking to develop their 

employees. 

The innovative range of online pre recorded sessions offer an engaging, 

interactive environment that uses a wide range of engagement tools as to 

ensure that employees maintain a competitive edge. All sessions allow 

employees to replay, review and catch up on demand to refresh their 

knowledge whenever it suits. The comprehensive library of pre-recorded 

online content offers a wide variety of subjects, all delivered by expert 

speakers, providing comprehensive coverage of each topic in an effort to 

increase the breadth of knowledge and assist companies to achieve their 

professional development goals regardless of size of budget. 

BPP pre-recorded sessions are available on demand, and they are designed 

to fit around fast-paced business requirements and schedules while at the 

same time they can be re-watched to refresh knowledge when needed, 

enabling your employees to complete their professional development or 

training, when and where it's convenient. 

The available BPP online pre-recorded sessions have a duration of 1 to 1.5 hr. 

and would count as formal CPD as they offer a structured approach, where 

learning objectives/outcomes can be easily identified, and the member is 

essentially ‘taught’ something that enhances their knowledge and/or 

technical skills. 

Access to the course will be available for 12 months from purchase date. 

BPP P R OF E S S ION AL E D UC A TIO N L I M ITED W ILL P ROV ID E A C ERT IF ICA T E 

OF A TTENDANCE UPON S UC C ESSF UL C OM P LE TI ON OF THE O NL INE P RE - 

RE C O RDED C OU RSE.


C H O O S E A D Y N A M I C W A Y O F L E A R N I N G , R E G A R D L E S S O F 

H O W Y O U C H O O S E T O S T U D Y 

IN-COMPANY TRAINING 

To complement our range of open courses, almost all of our CPD seminars 

can be delivered in-house at our premises or at your site or via our online 

learning solutions. In case you are interested to bring one of our seminars in 

your site or to custom design a course, we are ready to work with you to find 

the perfect solution to your training needs. 

T H E P R O C E S S I S S I M P L E . 

1. Bring us your problem/requirements 

2. Look at our content and choose 

3. Pick and mix a blend of delivery modes and content 

4. Agree the learning journey 

5. Get a quote and kick-off 

G E T I N C O N T A C T 

N I C O S I A C A M P U S 

6, Diogenous Str., Engomi, 

P.O. Box: 22006, 1516 Nicosia 

TEL +357 22 713230 

FAX +357 22 660257 

E: SPSNicosia@cycollege.ac.cy 

HOW TO BOOK 

Ready to increase your potential with one of our training courses? 

We can’t wait to help you get started. Once you’ve selected your course, 

secure your place by completing our CPD Registration Form and email it back 

to us duly completed, dated, and signed at SPSNicosia@cycollege.ac.cy or 

SPSLimassol@cycollege.ac.cy, or by calling us on 22.713.230 | 25.867.500. 

L I M A S S O L C A M P U S 

56, Archbishop Makarios III Ave, 

P.O. Box 57163, 3313 Limassol 

Tel +357 25 867500 

Fax +357 25 736427 

E: SPSLimassol@cycollege.ac.cy

CPD SEMINARS | 

SEPTEMBER- DECEMBER 2022 

P R O F E S S I O N A L D E V E L O P M E N T P R O G R A M M E S T O H E L P D R I V E 

Y O U R B U S I N E S S F O R W A R D 

 

 

 

 

 

 

 

 

A PRACTICAL APPROACH TO THE AML LEGISLATION - THINKING OUT OF THE "BOX" (LEVEL III) 

VIRTUAL ASSETS (CRYPTOCURRENCIES) & AM L 

DIGITAL CUSTOMER CARE, CUSTOMER EXPERIENCE & AR TIFICIAL INTELLIGENCE (A.I) 

REDEFINING HR PRACTICES IN THE POST COVID-19 ERA 

H ΔΙΑΧΕΙΡΙΣΗ ΤΟΥ KINΔΥΝΟΥ ΣΤΟΝ ΓΕΝΙΚΟ ΚΑΝΟΝΙΣΜΟ ΓΙΑ ΤΗΝ ΠΡΟΣΤΑΣΙΑ ΔΕΔΟΜΕΝΩΝ (GDPR) 

EFFECTIVE PRESENTATION TECHNIQUES 

VIRTUAL ASSETS (CRYPTOCURRENCIES) & AM L 

TRA NSFER PRICING: 2022 TAX AM ENDMENTS & RELEVANT CON SIDERATIONS 

H R DA A P P R O V E D SEMINARS 

ANTI-MONEY LAUNDERING (AML): REGULATION & UPDATES –CYSEC AML EXAM PREP COURSE 

FINANCIAL SERVICES REGULATORY FRAM EWORK - CYSEC ADVANCED LEVEL EXAM PREP 

COURSE (REVISED) 

INTERNATIONA L TAX PLANNING: UNDERSTANDING THE NOTIONAL INTEREST DEDUCTION 

(NID), THE NEW IP REGIM E & THE NEW TRANSFER PRICING PROVISIONS 

INTERNATIONA L TAX PLANNING: UNDERSTANDING THE NOTIONAL INTEREST DEDUCTION 

(NID), THE NEW IP REGIM E & THE NEW TRANSFER PRICING PROVISIONS - LIMASSOL 

ESSENTIAL SKILLS FOR NEW MANAGERS 

LEADERSHIP SKILLS: DEVELOP YOURSELF AS A LEADER' 

MEDIA TR AINING ESSENTIALS: ARE YOU R EA DY TO HAR NESS THE POWER OF THE MEDIA? 

BASIC ANTI-MONEY LAUNDERING (AML) PROCEDURES (LEVEL I) 

BASIC ANTI-MONEY LAUNDERING (AML) PROCEDURES (LEVEL I) - LIMASSOL 

ANTI MONEY LAUNDERING LEGISLATION - A HOLISTIC APPROACH (LEVEL II) 

ANTI MONEY LAUNDERING LEGISLATION - A HOLISTIC APPROACH (LEVEL II) - LIMASSOL 

THE FUNDAMENTALS OF CORPORATE FRAUD 

THE FUNDAMENTALS OF CORPORATE FRAUD - LIMASSOL 

MANAGING FRAUD RISK: ADVANCED FRAUD CONCEPTS AND CURRENT TRENDS 

FRAUD RISK MANAGEMENT – A HOLISTIC APPROACH (LEVEL I) 

FRAUD RISK MANAGEMENT ADVANCED FRAUD CONCEPTS AND CURRENT TRENDS (LEVEL II) 

AUDITING ETHICS CHALLENGES AND CHANGES POST PANDEMIC 

FINANCIAL REPORTING AND ANALYSIS 

FINANCIAL TRANSACTIONS & FRAUD SCHEM ES 

MANAGING MENTAL HEALTH AND WELLBEING IN THE WORKPLACE 

O N L IN E P RE- RE C O R D ED C O U RS E S 

 

 

 

 

 

T H E ACCOU NTA NT AS S TR ATEGIC IN FLUE NCER A N D A DVI S ER 

T H E ACCOU NTA NT AS S TR ATEGIC IN FLUE NCER A N D A DVI S ER 

C O M MERCIAL NO U S AN D AD DI NG V ALUE AS A FIN ANC E PR O FESSI O NA L 

C O M MERCIAL SKILLS FO R FI NAN CE PR OFESSI ONA LS 

PRODU CING AN D PR ESE NT ING FINA NCIAL INFORM ATION WITH IMPA C T

`` 

BASIC ANTI-MONEY 

LAUNDERING (AML) 

PROCEDURES 

6 CPD UNITS 

This is a seminar addressed to newcomers in the profession with no 

experience or little experience in the AML legislation or KYC procedures. 

It aims at familiarizing participants with the procedures they need to 

follow during client acceptance and ongoing monitoring. The approach 

used in this seminar involves the use of case studies as a tool to a 

practical approach on the KYC and due diligence procedures. 

Participants will be able to apply the procedures in practice during the 

seminar. 

DATES & VENUE 

L I M AS SO L 

30/09 

FRIDAY 

9.00-16.00 

COST: €150+VAT 

HRDA SUBSIDY: €102 

FINAL COST: €76.50 

INSTR UC TOR: ELENA XHOLLO (BA (HONS), MSC, ACA) 

Elena is a qualified Chartered Accountant (ACA) with a BA (Hons) in Business 

Administration and an MSc in Monetary and Financial Economics. She has 

worked for a decade in the profession, initially as an auditor of investment 

holding companies and financial institutions at PricewaterhouseCoopers (PwC). 

Later, she worked from the position of a manager in the Corporate Compliance 

Department of Abacus Ltd and PwC. During her involvement in the audit and 

corporate compliance sector, Elena was responsible for a large portfolio of 

clients and had hands on experience on compliance with the Anti – Money 

Laundering (AML) legislation of the portfolio she was managing. She has a 

thorough knowledge and understanding of the legislation and the ICPAC 

requirements regarding AML Compliance. 

In 2016, she joined on a full-time basis the School of Professional Studies of 

Cyprus College, where she teaches professional courses which lead to the ACA 

and ACCA qualification. She specializes in the taxation and financial and 

management accounting papers. Furthermore, she is involved in the delivery 

of HRDA approved seminars in her areas of expertise. 

TOPIC S T O BE C OV ERED 

Introduction to the AML/CFT 

procedures 

Client Acceptance Policy 

Risk Assessment 

Client Due Diligence (CDD) 

KYC and Due Diligence for 

individuals 

KYC and Due Diligence for legal 

entities 

Simplified Due Diligence (SDD) 

T ARG ET GRO UP 

Back-Office Employees 

Risk Management Staff 

AML Administrators 

Accountants 

Internal Auditors 

External Auditors 

L AN G UAGE OF IN STRUC TION : EN GL ISH 

Enhanced Due Diligence (EDD) 

KYC and Due Diligence for other 

types of entities & legal 

arrangements 

Trusts 

Funds 

Partnerships 

Third party reliance 

Ongoing & transaction monitoring 

Assessment 

Tax Advisors 

Lawyers 

Administrators and anyone else 

involved with KYC and due diligence 

procedures 

Take the next step UP in your career. Sign up now! 

Tel: 22713230 | Email: SPSNicosia@cycollege.ac.cy

FRAUD PREVENTION 

& DETECTION SKILLS 

FOR EXTERNAL 

AUDITORS 

As Al Pacino said in the movie The Recruit, “Things are not what you 

think they are.” Undeniably, nowadays organizations face increased 

financial challenges due to the negative consequences of the Covid-19 

pandemic. Fraud cases are rapidly increasing, and corporate accounting 

scandals become public everyday like Toshiba, Tesco, Luckin Coffee. 

Consequently, distrust has recently become a major issue in the 

accounting profession especially with the public backlash of the 

collapse of Enron, one of the world’s leading energy, natural gas, 

communication giants with a claimed revenue of nearly US$ 101bln in 

the year 2000, but suddenly collapsed in 2001 which brought distrust, 

uncertainty to the business world and lack of confidence in the financial 

reports of companies. 

As external auditors, it is important to build a good reputation but 

sustaining it is of greater value; this is specifically true of the 

accountancy and audit profession, which lives off its credibility. The 

main purpose of the seminar is to help external auditors obtain a 

fundamental understanding of Financial Statement fraud, through 

discussion and practical examples, relevant to their work. 

`` 


DATES & TIMINGS 

12/10 

WEDNESDAY 

9.00-17.00 




INSTR UC TOR: CHRYSTALLA KAZARA (BBA, ABA, MBA, ACCA, CFE) 

Chrystalla is a holder of a Bachelor Degree in Business Administration, an MBA 

from CIIM and a Banking Certificate from the American Bankers Association. 

She is a Chartered Certified Accountant (ACCA) and a Certified Fraud Examiner 

(CFE), member of the Board of Directors and Training Director of ACFE Cyprus 

and member of ACFE Global. She is also a member of ICPAC, of the Cyprus 

Institute of Internal Auditors and of ISACA Cyprus Chapter. She has 20 years of 

experience in the Banking sector, in two of the largest financial institutions in 

Cyprus, and has also experience in the Corporate Services sector. Her expertise 

mainly focuses on Risk Management, Regulatory Compliance/AML, Corporate 

Governance, Internal Audit, Corporate Ethics, Fraud Risk Management and 

Fraud Investigations. Currently, she is the Head-Internal Audit Function of a 

private company, a corporate trainer of Professional Development courses and 

an Internal Audit/Fraud Investigations Consultant. 


Introduction to Fraud 

The Triad of Fraud 

Profiling of Fraudsters 

The Cost of Fraud 

Audit program: Factors to consider 

Financial Statement Fraud 

Overstatement 

Understatement 

Analysis of Financial Statement 

Fraud schemes 

Ratio Analysis and important areas 

Case study 

Detection of Financial Statement Fraud 

Financial Statement Analysis 

Data Analytics and how to use them 

effectively 

Case study 


Textual Analytics 

Analysis of Sentiments 

Case study 

Prevention of Financial 

Statement Fraud 

Senior Management 

Board of Directors 

Internal Auditors and their 

responsibility against fraud 

External Auditors-elements 

to include in the audit 

program 

Key elements of an effective 

Internal Control System 

Real life examples 


This seminar is primarily addressed to external auditors, who are 

responsible for the statutory audit of financial reports. Professionals 

from other disciplines can also participate in the seminar i.e. 

accountants. 



`` 

C y S E C A M L E X A M P R E P A R A T I O N C O U R S E 

ANTI-MONEY 


REGULATION & 

UPDATES 


As per EU Directives, any person wishing to provide Investment 

Services and employed by Cypriot Investment Firms, Credit 

Institutions, Management Companies, and Investment Companies of 

Variable Capital, is required to undergo through Continuous 

Professional Development courses as to be updated on new Directives 

and Regulations. AML is considered as one of the most important 

topics and it is one of the riskiest areas in a Financial Institution. 

The aim of this seminar is to educate professionals on how they can 

apply realistic and efficient risk-based approach, on their every-day 

work environment. Financial institutions are vulnerable to be used as 

a stepping-stone for criminals and must have enhanced protection for 

each potential insider threats a well as outsider threats for their 

organization. The syllabus covers the contents of the CySEC AML 

Workbook. During the course, candidates will be provided with insight 

about the CySEC AML Certification and practical real-life examples. 

COST: €540 | 

HRDA SUBSIDY: €272 | 

FINAL COST: €268 | 

INSTR UC TOR: MICHALIS CHRYSOSTOMOU 


13/10 – 01/11 

IMPLEMENTATION DATES 

13.10 TH UR 18:30 - 21:30 

1 8 . 1 0 T U E 1 8 : 3 0 - 2 1 : 3 0 

20.10 THUR 18:30 - 21:30 

2 5 . 1 0 T U E 1 8 : 3 0 - 2 1 : 30 

27.10 THUR 18:30 - 21:30 

0 1 . 1 1 T U E 1 8 : 3 0 – 2 0 . 50 

Michalis is an analytical and result-driven professional ex banker at Bank of 

Cyprus, with extensive experience in Regulatory and Ethics issues as well as 

Anti-Money Laundering regulations, procedures, and practices of Central Bank 

and CySEC. In-depth knowledge of International Business Services in a great 

number of foreign jurisdictions. Strong professional, with a degree in Business 

Data Processing. Holding both CySEC’s Advance and Anti-Money Laundering 

Certifications and a Certified Trainer for the Human Resource Development 

Authority (HRDA). Currently he holds the position of the Executive Head of 

Regulatory & AML Compliance of a well-known Cyprus Investment Firm and 

AIF director. 

TOPIC S TO BE C OV ERED 

The Cyprus Securities & Exchange 

Commission -CySEC 

Becoming an AML Certified 

Compliance Officer 

The objectives of the CySEC AML 

Certification 

Understanding Money Laundering, 

Terrorist Financing & Sanctions 


UCITS/AIF Managers 

Financial Controllers 

Legal Advisors 

AML Officers 

LAN GUAGE OF INSTRUC T ION: ENGL ISH 

Legal & Regulatory Requirements 

The AML Compliance Culture 

Assessing & Managing Risks 

Know Your Customer (KYC) & 

Customer Due Diligence (CDD) 

Transaction Monitoring & 

Suspicious Reporting 

Regulation (2016) 

Compliance Officers 


Compliance employees in Banks & 

any other regulated entity 

Participants will be given FREE access to a web-based examination 

tool that is integrated on the CySEC AML Workbook and assess 

readiness of candidates to pass the CySEC AML Examination. 



`` 

TRANSFER PRICING: 

2022 TAX AMENDMENTS 

& RELEVANT 

CONSIDERATIONS 


Transfer pricing is one of the most important tax issues faced by 

enterprises and tax administrations at an international level. 

Essentially, it relates to the conditions of related party transactions, 

being different from those that would have been agreed between 

independent parties in comparable transactions and circumstances. 

As such, transfer pricing can result in the misallocation of profits 

within a multinational group and thus lead to base erosion and profit 

shifting. Transfer pricing has also been one of the main subjects of 

the OECD BEPS project. 

The objective of the seminar is to bring participants up to speed with 

the latest amendments voted on 30/6/2022 by the Cyprus Parliament 

and applicable as from 01/01/2022, in relation to the: 

Income Tax Law and the Assessment & Collection of Taxes Law 

as well as 

the new Regulations in effect regarding transfer pricing. 


NICOSIA 

17/1 0 

MON DAY 

10 .30-13.0 0 

C OST: €50+VAT 

IN ST R UCTOR: EFTHYMIOS KANARIS (BSC, FCA, ADIT, BFP) 

DIRECTOR AT KANARIS, DEMETRIADES & ASSOCIATES (KDA) | HEAD OF 

COMPLIANCE & TAX 

Chartered Accountant (ACA), member of the Institute of Chartered Accountants 

in England and Wales (ICAEW), the Institute of Certified Public Accountants of 

Cyprus (ICPAC) and international tax affiliate of the UK’s Chartered Institute of 

Taxation (CIOT). 

Graduated in 2003 from the London School of Economics with a First Class (Hons) 

degree in Accounting and Finance. 

From 2003 until 2010, worked at PwC in Cyprus and London, in the Financial 

Services Audit Department and the Insurance and Investment Markets Audit 

Department, respectively. 

Member of the Tax Committee of ICPAC from 2016 until 2019. 

Co-founded KDA in 2010, holds the position of Director and leads the Compliance 

and Tax service lines. Advises clients with respect to cross border M&A and 

financing transactions, reorganizations, and transfer pricing engagements. 

Participated in several professional training courses and gained substantial 

experience related to his fields of expertise. 

TOPIC S T O BE C OV ER ED 

Brief history of Transfer Pricing in Cyprus 

Why there is a need for Transfer Pricing legislation: 

Transfer Pricing risk 

BEPS issues 

Link with Article 9 (‘’Associated Enterprises’’) as per the 

OECD Model Tax Convention on Income & Capital 

Other alternatives to Arm’s Length Principle 

Detailed analysis of the new provisions i.e.: 

Transfer Pricing compliance obligations 

application and procedure for Advance Pricing Arrangements 

introduction of new administrative fines in case of noncompliance 

T ARG ET GR OUP 

This course is designed for Corporate and M&A lawyers, Tax 

Practitioners & Tax Managers, Junior Auditors & Accountants, 

Financial Controllers & Account Managers, Service Providers dealing 

with International Clients. 

LAN G UAGE OF IN STRUCT ION : ENGL ISH 



`` 

C y S E C A D V AN C E D E X A M P R E P A R A T I ON C O UR S E 

FINANCIAL SERVICES 

REGULATORY 

FRAMEWORK: CYSEC 

ADVANCED LEVEL 


As per EU Directives, professionals wishing to provide Investment 

Services and employed by Cypriot Investment Firms, Credit Institutions, 

Management Companies, and Investment Companies of Variable Capital, 

is compulsory to acquire a Professional Competence Certificate that 

reflects the ability to carry out such activities. These certifications are 

offered by the Cyprus Securities and Exchange Commission (CySEC) and 

can be obtained through the exams: a) Basic Financial Services Legal 

Framework Examination and b) Advanced Financial Services Legal 

Framework Examination. This course is preparing participants to attend 

the Advanced Level CySEC exam. Aim of the exam is to ensure that 

candidates can apply an appropriate level of knowledge and 

understanding of the financial services regulatory framework that will 

assist them in the performance of their duties. Successful candidates 

will be certified and eligible to perform all the investment 

services/activities of paragraph 4 of the Directive. The CySEC Advanced 

Examination is addressed to individuals who wish to be certified for all 

the investment services/activities of paragraph 4 of the Directive. 

C OST: €845 | 

HRDA SUBSID Y: €544 | 

FIN AL C OST: €301 | 


17/10 – 21/11 


1 7 . 1 0 M O N 1 8 : 1 5 - 2 1 : 30 

20.10 THUR 18 :15 - 21 : 30 

2 4 . 1 0 M O N 18:15 - 2 1 : 3 0 

27.10 T HUR 1 8:15 - 21 : 30 

3 1 . 1 0 M O N 1 8 : 1 5 - 2 1 : 3 0 

03 .11 THUR 18:15 - 2 1 : 30 

0 7 . 1 1 M O N 1 8 : 1 5 - 2 1 : 30 

1 0.11 TH UR 1 8: 15 - 21:30 

1 4 . 1 1 M O N 1 8 :1 5 - 2 1 : 3 0 

1 7 .1 1 T HU R 18 : 1 5 - 21:30 

21 .1 1 M ON 1 8 :15 - 20:30 


Investment Services Law 2017 

Cypriot Investment Firms (CIFs) 

Cypriot Investment Firms (CIFs) & Banks 

Open-Ended Undertakings for Collective 

Investment (UCI) Laws (2012–2019) 

Alternative Investments 

The Business of Credit Institutions Laws 

of 1997–2016 

The Prevention & Suppression of Money 

Laundering & Terrorist Financing Laws 

TARGET GROUP 

Compliance Officers in Banks & 

any other regulated entity 


AML Compliance Officers 

Risk Managers 

Markets in Financial Instruments 

Regulation (MiFIR) 

Capital Adequacy Requirements 

European Market Infrastructure 

Regulation (EMIR) 

Recovery and Resolution Laws 

Prospectus Law 

Transparency Laws 

Insider Dealing & Market 

Manipulation Regulation (2016) 

Cypriot Investment Firms (CIFs) 

Managers 

UCITS and AIF managers 

Financial & Professional Services 

Consultants1 

INSTR UC TOR: SOPHIA NEARCHOU 

Sophia Nearchou currently leads the Compliance Function of a law firm in 

Limassol. She has extensive experience in streamlining Finance functions, has 

advise clients from all financial sectors regarding regulatory compliance 

matters and has also delivered a number of courses relating to compliance. 

Sophia has demonstrated unique teaching abilities in University and Business 

Law courses integrating theory with practical life examples to trigger 

students' interest. She is a CySEC Advanced, & AML Examination holder, 

member of CAMS and CISI and a licensed lawyer by the Cyprus Bar. 

Participants will be given FREE access to a web-based examination 

tool that is integrated CySEC Advanced Revised Workbook (v.4.0) and 

assess readiness of candidates to pass the CySEC Advanced Revised 

Examination. 




`` 

FINANCIAL 

TRANSCATIONS & 

FRAUD SCHEMES 

Fraud is a global problem affecting economies, businesses, and 

individuals. A serious threat to any company independent of sector 

and size – and it is on the rise globally and nationally. It is estimated 

that a typical organization loses 5% of its annual revenue because of 

fraud. Consequently, all organizations, irrespective of their business 

sector, are nowadays more susceptible to fraudulent acts and there 

is an increased need for enhancing fraud awareness in 

organizations. 

The course explores the types of fraudulent financial transactions 

incurred in accounting records and helps gain a deeper 

understanding of the following concepts: basic accounting and 

auditing theory, fraud schemes, internal controls to deter fraud, and 

other auditing and accounting matters. 

This course is a supplemental study tool for the Certified Fraud 

Examiner (CFE) Exam Prep course. The Certified Fraud Examiner 

(CFE®) is a globally accepted certification for professionals, by far 

the world’s best known and the standard by which individuals can 

demonstrate their competency in the anti-fraud fields. 


COST: €500 | 




19/10 – 30/11 


19.10 WED 18:00 - 21:15 

22.10 SAT 09:00 – 14.00 

02.11 WED 18:00 - 21:15 

05.11 WED 18:00 - 21:15 

16 .11 WED 18:00 - 21:15 

19.11 SA T 09:00 – 14.00 

23.11 WED 18:00 - 21:15 

30.11 WED 18:00 - 21:15 







Institute of Internal Auditors and of ISACA Cyprus Chapter. She has 20 years 

of experience in the Banking sector, in two of the largest financial institutions 

in Cyprus, and has also experience in the Corporate Services sector. Her 

expertise mainly focuses on Risk Management, Regulatory Compliance/AML, 

Corporate Governance, Internal Audit, Corporate Ethics, Fraud Risk 

Management and Fraud Investigations. Currently, she is the Head-Internal 

Audit Function of a private company, a corporate trainer of Professional 

Development courses and an Internal Audit/Fraud Investigations Consultant. 

T OP ICS TO BE C OV ER ED 


Accounting Concepts 


Bribery & Corruption 

Asset Misappropriation Schemes 

Theft of Intellectual Property 

Financial Institution Fraud 

T ARG ET GROUP 

Attorneys & Legal Professionals 

Controllers | Corporate Managers | Executive Managers 

Forensic & Management Accountants | Accounts Payable 

Governance | Risk Management & Compliance Officers 

Internal, External, Forensic Auditors | CPAs 

Financial Managers & Risk Managers | Financial Analysts 

Employees from Banks & Insurances 

Loss Prevention & Security Professionals 

National State & law Enforcement Officers 

Prosecuting Authority & Specialized Investigators 

LAN G UAGE OF IN STRUCT ION : ENGLISH 

Check & Credit Card Fraud 

Insurance Fraud 

Healthcare Fraud 

Public Sector Fraud 

Consumer Fraud 

Computer & Internet Fraud 

Contract & Procurement Fraud 



AUDITING & ETHICS 

CHALLENGES AND 

CHANGES POST- 

PANDEMIC 

Since the start of the pandemic, we have all been facing with a great 

challenge. Those who are participating in the audit in the same way they 

were before the pandemic are the minority. The majority of auditors have 

had to change their plans and reprioritize audit activities during the 

pandemic in order to optimize effectiveness, efficiency and productivity. 

In a dynamic environment of increased pressure levels and challenges, 

culture is constantly evolving and takes on a greater significance for 

organizations. Given this importance, audit has a critical role in 

understanding and assessing the impact employees have on processes, 

risks and controls in an organization. Recurring incidents of unethical 

behavior show the need for dedicated measures to raise employees’ 

awareness and integrity at work. The provision of dedicated trainings can 

address the risk of undesired conduct committed by unknowing or unskilled 

employees. 

This seminar is addressed to professionals of all levels working both in 

industry and in practice in order to remain informed and aware of changes. 

The cornerstone of this training is finding the right balance between 

knowledge, skills and motivation. The participants should not only gain 

relevant knowledge but also train their skills on applying this know-how in 

their daily business and should also be motivated to do so. 

` 


IN STR UC TOR: ELENA FOKA 

DATES & VENUE 

N IC O S I A 

26/10 

WEDNESDAY 

9.00-17.00 




Elena Foka holds a BSc Hons in Accounting and Finance from the Lancaster University, 

UK and the SUNY Binghamton University, New York. She has obtained her professional 

qualification from the Institute of Chartered Accountants in England and Wales and is 

also a member of the Institute of Certified Public Accountants of Cyprus (ICPAC). Over 9 

years of experience in the Audit Department of Big 4 companies both in London and 

Cyprus holding a group senior manager role. Her experience is across a wide range of 

business sectors, predominantly retail, consumer and travel, agricultural, insurances, 

both as auditor and advisor. Strong technical abilities in accounting, audit, IFRS, business 

processes, finance transformation and financial control. A result driven audit group 

senior manager with an extensive and successful track record in auditing a wide range 

of portfolios across department and boarders and holding a number of leadership roles, 

managing large teams, and liaising with different department simultaneously. She is 

actively involved in a number of committees and groups within her firm, namely the 

training group providing training and support within the firm, member of the external 

training group for technical and soft skills and the International Financial Reporting 

Standards group (“IFRG”) providing insights, consultation, and training on financial 

reporting issues both internally and externally. She is also a part time visiting lecturer 

at the University of Cyprus. 

T OPIC S TO BE COV E RED 

Auditing & Ethics Challenges & Changes 

Post-Pandemic 

• Post-pandemic evolution in audit and 

ethics 

• How agile are you? 

• Auditing challenges in the years ahead 

• Client acceptance 

• Continuance procedures 

• Pre-conditions for the Audit 

• Engagement letter 

• Reporting 

• Risk assessment process 

• Understanding the client and its 

environment 

• Planning analytics 

• Calculation of materiality- ISA 320 


Determination of significant 

accounts and assertions 

Initial Audit Engagement -ISA 510 

Completion of the audit 

• Final analytics 

• Subsequent events review 

• Auditors report/reporting 

NOCLAR 

Cyber-risk concern 

Ethics 

• FRC/IFAC code of ethics 

T ARG E T GR OUP 

This seminar is addressed to all professional practitioners who audit by 

working both in industry and in practice, or play a substantial role in 

auditing, public company financial statements in order to remain informed 

and aware of changes as well as auditing professionals not performing the 

attest function and who need to maintain continuous professional 

development and technical competence in auditing. 



` 

EFFECTIVE 

PRESENTATION 

SKILLS 


DATES & VENUE 

N IC O S I A 

01/11 

TUESDAY 

9.00-17.00 


DISCOUNTS ARE 

AVAILABLE FOR MULTIPLE 

REGISTRATIONS FROM THE SAME 

ORGANIZATION 

CALL US TO FIND MORE! 

IN STR UCTOR: ANDRIE PENTA (BA (HONS), MSC, CIM, AICI) 

Andrie studied Marketing and Business Management in London where she also acquired 

the Advanced Certificate from the Chartered Institute of Marketing London. She was in 

charge of marketing and communications at EY Cyprus. At the same time, she graduated 

with Distinction from London and was awarded a master’s degree in Strategic Marketing. 

In 2008, she founded Penta Marketing Art, which provided marketing and public relations 

solutions for private and public companies. In 2010, she founded the Cyprus Image 

Institute after obtaining the title of Certified Image Maker (with attendance in London) 

and joined as an associate member of the Association of Image Consultants International. 

At 27, Andrie was the youngest nominated Ambassador for Female Entrepreneurship for 

Europe, serving since then as a business advisor and mentor. In 2013, Andrie was 

designated as the Goodwill Ambassador of the Hope in Life Foundation and a Cypriot 

Woman of the Year (2013) finalist. She was a Senior Manager at the Markets department 

of KPMG in Cyprus, and she currently holds the role of the Organizational Leader of the 

Ronald McDonald House Charities of Cyprus. Andrie is a Certified trainer by the Human 

Resource Development Authority of Cyprus and has over 15 years of hands-on 

management, leadership & training. She served well-known international and local 

brands and she is often invited to give public speeches and share good practice. 

The ability to present powerfully and in a persuasive manner is a key 

competency and a critical business tool. Whether your communication 

goal is to persuade, sell, or inspire, your presentation is what will 

differentiate you from your competitors. As somebody new to presenting, 

or whose role now requires presenting more frequently, a solid 

understanding of what makes a good presentation is essential. A good 

presentation and a talented speaker will not only impress a group of 

people, but it will also add a positive dimension to any decision-making 

process. A poor presentation will have the opposite effect. This course is 

designed to offer you a practical, hands-on demonstration of how you can 

improve the quality and effectiveness of your presentations and achieve 

your business goals with more interesting, engaging, and meaningful 

presentations. 


Communication Style 

• Adjusting communication style according to the needs & 

expectations of your audience 

• Improving Communication Skills 

Capture Your Audience’s Attention within 60’ 

Professional Appearance 

• Appropriate business attire | Creating a positive image 

Overcoming Nervousness 

• Regain control that comes from losing your thought 

• Impromptu Speaking 

Creating Compelling PowerPoint Presentations 

• Personalize the presentation to address your audience’s needs and 

objectives 

• Making effective use of multimedia technology | Use proper visual aids to 

support your presentation 

• Encourage Discussion & Dealing with questions 

T ARG E T GR OUP 

This training course is designed primarily for business professionals in all 

areas including Sales, Technical and Management sectors as Supervisors, 

Managers, Executives, Head of Departments, Team Leaders, Technical 

Personnel, and Executive Assistants who are interested in developing the 

skills, techniques, and confidence to enjoy making presentations in all state 

of affairs. 




`` 

ESSENTIAL SKILLS 

FOR NEW 

MANAGERS 


Management must be effective for the success of any business. 

Unfortunately, it is all too easy to overlook the training and 

development of new managers. As a first-time manager and 

employee, you need to develop certain task and people-oriented skills 

that allows you function effectively and built a meaningful relationship 

with the people you will be leading. There is a discrete line between 

executing assigned tasks and managing or leading others. This training 

aims to introduce new supervisors or managers to the expectations of 

such an assignment. Participants will have the opportunity to get 

familiar with the basic skills needed to easily adapt to their new tasks. 

The end-purpose of the seminar is to teach emerging managers the 

importance of acquiring appropriate skills for the role they are 

assigned. 

DATES & VENUE 

N IC O S I A 

03/11 – 04/11 

THURSDAY & FRIDAY 

9.00-17.00 



FINAL COST: €119 




















Understanding the Business Motivation factors 

Business Values, Vision, Culture, Staff motivation factors 

Corporate Image 

Non-monetary rewards & 

Knowledge of our products & 

their significance 

competition 

Performance monitoring & 

Management vs Leadership 

guidance for better 

Being a Role Model 

performance 

Interpersonal relationships with staff Recognition & criticism 

Branding yourself | Branding your Teamwork & intra / inter 

business 

departmental collaboration 

Communicating effectively 

The importance of Empathy 

Clear communication on the Managing Emotions 

organization's strategy, actions, Listening Skills 

decisions or changes 

Action Plan 

Successful meetings with staff 

Personnel performance management 

TARG ET GROUP 

This program is ideal for new managers, supervisors who are looking to 

rapidly increase their management skills and strategic perspective, 

taking on additional responsibility, and seeking to be effective in their 

organization. The program is also appropriate for individuals who are 

seeking an understanding of high-level business concepts in an intensive 

format. 




`` 

FRAUD RISK 

MANAGEMENT – A 

HOLISTIC APPROACH 


Research indicates that scammers take advantage of crises, 

exploiting people at their most vulnerable moments to propagate 

fraud attacks. Currently, as a result of Covid-19 pandemic, fraud 

incidents are increasing rapidly and constitute a significant threat to 

any organization. Undoubtedly, no organization is immune to fraud 

incidents which can have a devastating impact on companies and can 

even result in bankruptcy. It is estimated that entities lose an average 

of 5% of their annual revenue as a result of fraudulent acts. 

Consequently, all entities are nowadays more susceptible to 

fraudulent acts and there is an increased need for having a formal 

Fraud Risk Management Program in place to address and manage the 

risk of fraud. 

This course will help participants to acquire the necessary knowledge 

and skills they need to implement a holistic approach in managing 

fraud risk by developing an appropriate Fraud Risk Management 

program, enhancing both generic and specific internal controls, 

conducting Fraud Risk Assessments and Fraud Investigations and 

taking remediation measures where necessary. 

DATES & VENUE 

N IC O S IA 

CYPRUS COLLEGE 

04/11 & 07/11 

FRIDAY & MONDAY 

9.00-17.00 




I N S T R U C T O R : CHRYSTALLA KAZARA (BBA, ABA, MBA, ACCA, CFE) 














T OP IC S TO BE COV ER ED 


Fraud Awareness 

Fraudster’s Mindset 

Fraud Risk Management Frameworks 

Fraud Risk Management program 

(FRM) 

Fraud Risk Assessment 

Factors affecting level of risk 

Benefits of conducting a Fraud 


Designing and conducting a Fraud 


Entity level Anti-Fraud Controls 

TARG ET GROUP 

Internal Auditors | External Auditors 

Chief Financial Officers | Finance Directors 

Lawyers 

Chief Executive Officers 


Risk Management Officers |Members of Audit & Risk Committees 

Accountants 

LAN GUAGE OF INSTRUC T ION: EN GL ISH 

Ethical Corporate Culture 

Corporate Governance 

Characteristics of effective 


structure 

Importance in Fraud 

Prevention 

Core Values 


Guidelines 

Monitoring Fraud Risk 

Investigation of detected Fraud 

Incidents 



`` 

BASIC ANTI-MONEY 


PROCEDURES 


This is a seminar addressed to newcomers in the profession with no 

experience or little experience in the AML legislation or KYC procedures. 

It aims at familiarizing participants with the procedures they need to 

follow during client acceptance and ongoing monitoring. The approach 

used in this seminar involves the use of case studies as a tool to a 

practical approach on the KYC and due diligence procedures. 

Participants will be able to apply the procedures in practice during the 

seminar. 

DATES & VENUE 

N IC O S I A 

09/11 

WEDNESDAY 

9.00-16.00 






















Introduction to the AML/CFT 

procedures 

Client Acceptance Policy 


Client Due Diligence (CDD) 

KYC and Due Diligence for 

individuals 

KYC and Due Diligence for legal 

entities 

Simplified Due Diligence (SDD) 

T ARG ET GROUP 

Back-Office Employees 


AML Administrators 

Accountants 


External Auditors 


Enhanced Due Diligence (EDD) 

KYC and Due Diligence for other 

types of entities & legal 

arrangements 

Trusts 

Funds 

Partnerships 

Third party reliance 

Ongoing & transaction monitoring 

Assessment 

Tax Advisors 

Lawyers 

Administrators and anyone else 

involved with KYC and due diligence 

procedures 



`` 

FINANCIAL 

REPORTING & 

ANALYSIS 


The need to offer the program arose after realizing the great 

difficulties faced by professionals in the field of implementing good 

practices in the field of Financial Reporting and Analysis and more 

specifically to be able to analyze and interpret the results of financial 

statements of companies in order to is able to perform high quality 

analyzes that take into account recent developments regarding 

International Financial Reporting Standards (IFRS) as well as US 

Generally Accepted Accounting Practices and the adoption of wellinformed 

investment decisions. 

The module aims to provide delegates with a thorough understanding 

of the financial accounting techniques at an advanced level and gain 

an appreciation of the regulatory and social environment within 

which financial reporting takes place. They will also be able to 

analyze corporate financial statement information and to make 

performance evaluations and investment decisions. 

COST: €400 | 




09/11 – 14/12 


09 . 1 1 WED 18:0 0 - 2 1 :15 

1 6 . 1 1 WE D 1 8 : 0 0 - 2 1 : 1 5 

2 3 .1 1 WE D 1 8 :00 - 2 1 : 15 

3 0. 1 1 W ED 1 8 :0 0 - 21:15 

01.12 THUR 18:00 - 21:15 

07.12 WED 18 :00 - 21:15 

14. 1 2 WED 18:0 0 - 20:15 

INSTR UC TOR: CHRISTOS VOTSIS (BSC, MSC, CFA) 

Christos has been a CFA Charterholder since 2006. His other credentials 

include an MSc in Investment Management (CASS Business School), a BSc in 

Business Administration (Cardiff University) and a certificate in Asset 

Management (Agence de Transfer de Technologie Financière, Luxembourg). He 

is a financial professional since 2003 and his career has been split between 

Corporate Finance and buy side Investment Research. His experience ranges 

from the valuation of highly complicated exotic financial instruments to the 

completion of multi-million M&A deals. He is also a highly experienced 

instructor and since 2010 has held part-time University lecturer positions and 

delivered numerous professional seminars. Christos is the founder and CEO of 

A.F.S. Analytica Financial Solutions Ltd, a company specialized in the provision 

of bespoke financial and business analytics. 


Introduction to Financial Statement 

Analysis 

Financial Reporting Standards 

Understanding Income Statements 

Understanding Balance Sheets 

Understanding Cash Flow 

Statements 

Financial Analysis Techniques 

Inventories 

TARGET GROUP 

This course has been designed for professionals interested in 

understanding, analyzing, and using financial reports, including, but 

not limited to, finance and accounting professionals, financial analysts 

and engineers, as well as people working within banks, sales, 

procurement, contracts, credit risk, public relations management, and 

those engaged in speculative trading in shares and securities. In 

general, the most beneficiaries of this course are those who have 

limited experience of accounting and financial analysis and wish to 

enrich their knowledge and skillset. 

LAN GUAGE OF INSTRUC T ION : ENGL ISH 

Long-Lived Assets 

Income Taxes 

Non-Current (Long-Term) 

Liabilities 

Financial Reporting Quality 

Financial Statement Analysis: 

Applications 

Financial Reporting Mechanics 



`` 

INTERNATIONAL TAX 

PLANNING: 

Understanding the 

Notional Interest 

Deduction (NID), the New 

IP Regime & the New 

Transfer Pricing 

provisions 

The objective of the seminar is to bring participants up to speed with the 

amendments to the Income Tax Law in relation to the Notional Interest 

Deduction and the New Intellectual Property Regime, together with the 

tax circulars and Regulations issued (where applicable). The seminar 

will also cover in detail the new transfer pricing amendments that were 

approved by the Cyprus Parliament on the 30th of June 2022, together 

with a Back-to-Back Financing update. 


DATES & VENUE 

LIMASSOL 

10/11 

THURSDAY 

9.00-17.00 

COST: €19 0+VAT 


















financing transactions, reorganizations and transfer pricing engagements. 



TOP ICS T O BE C OVERED 

Detailed analysis of the Notional Interest Deduction (NID) applicable as from 

01.01.2015 including: 

in-depth analysis of tax circular 2016/10 on the application of NID issued on 

18/07/2016 together with practical examples and relevant rulings obtained 

New Transfer Pricing provisions: 


Why there is a need for Transfer Pricing legislation 

Relevant aamendments & additions to the Cyprus tax laws 




introduction of new administrative fines in case of non-compliance 

Analysis of the New Intellectual Property (IP) regime: 

Explanation of the New IP regime 

Regulation 336/2016 applicable as from 01/07/2016 that provides for the 

application of the said regime 

Back-to-Back Financing Update 

Abolition of the minimum margins as from 01/07/2017 

Interpretative Tax Circular 3 issued on the 30/06/2017 re transfer pricing studies 

FAQs issued by the Tax Department on 24/1/2022 re Back-to-back financing 

T ARGET GR OUP 

This course is designed for Corporate and M&A lawyers, Tax Practitioners & Tax 

Managers, Junior Auditors & Accountants, Financial Controllers & Account Managers, 

Service Providers dealing with International Clients. 

LA NG UAGE OF INSTR UCT ION: E NGLISH 



`` 

ANTI-MONEY 


LEGISLATION – A 


Compliance with the Anti-Money Laundering legislation and 

regulations have become critical for various sectors of the economy 

such as the financial, the legal etc. Auditors, accountants, lawyers, 

and administrative service providers are required to always comply 

with the demanding regulations placed by the EU regulations, local 

legislation, and local Regulatory Authorities (e.g., ICPAC, CYSEC, 

Central Bank of Cyprus etc.). The local legislation and EU regulations 

are continuously amended, so that the use of professional judgement 

and skepticism is required at all stages of the Anti - Money 

Laundering procedures followed by all parties involved. The aim of 

this course is to offer a thorough understanding, for the junior staff 

up to the senior executive, of the current AML legislation as well as 

the compliance requirements. The course blends smoothly the 

legislation and the various regulations with real scenarios making 

this a very attractive course to its audience. 


DATES & VENUE 

LIMASSOL 

16/11 

WEDNESDAY 

9.00-16.00 



FINAL COST: €124 .10 



















What is Money Laundering? 

Money Laundering Legislation 

A risk-based approach (RBA) to due diligence procedures 

Client due diligence (CDD) procedures 

Enhanced due diligence procedures (EDD) 

Conducting due diligence procedures 

Identification and verification of individuals 

Beneficial owner of private legal entities 

Source of wealth versus source of funds 

Record keeping and data protection 

Identifying and dealing with suspicion 

Red flags of potentially suspicious activities 

Reporting procedures within a firm | Reporting procedures to MOKAS 

Compliance in a pandemic era 



Auditors & Compliance Officers 


Lawyers 


AML Staff & Accountants 

Internal/ External Auditors 

Fund managers 

Fiduciary service providers 



`` 

INTERNATIONAL TAX 

PLANNING: 

Understanding the 

Notional Interest 

Deduction (NID), the New 

IP Regime & the New 

Transfer Pricing 

provisions 

The objective of the seminar is to bring participants up to speed with the 

amendments to the Income Tax Law in relation to the Notional Interest 

Deduction and the New Intellectual Property Regime, together with the 

tax circulars and Regulations issued (where applicable). The seminar 

will also cover in detail the new transfer pricing amendments that were 

approved by the Cyprus Parliament on the 30th of June 2022, together 

with a Back-to-Back Financing update. 


DATES & VENUE 

NICOSIA 

16/11 

WEDNESDAY 

9.00-17.00 

COST: €19 0+VAT 


















financing transactions, reorganizations and transfer pricing engagements. 



TOP ICS T O BE C OVERED 

Detailed analysis of the Notional Interest Deduction (NID) applicable as from 

01.01.2015 including: 

in-depth analysis of tax circular 2016/10 on the application of NID issued on 

18/07/2016 together with practical examples and relevant rulings obtained 

New Transfer Pricing provisions: 


Why there is a need for Transfer Pricing legislation 

Relevant aamendments & additions to the Cyprus tax laws 




introduction of new administrative fines in case of non-compliance 

Analysis of the New Intellectual Property (IP) regime: 

Explanation of the New IP regime 

Regulation 336/2016 applicable as from 01/07/2016 that provides for the 

application of the said regime 

Back-to-Back Financing Update 

Abolition of the minimum margins as from 01/07/2017 

Interpretative Tax Circular 3 issued on the 30/06/2017 re transfer pricing studies 

FAQs issued by the Tax Department on 24/1/2022 re Back-to-back financing 

T ARGET GR OUP 

This course is designed for Corporate and M&A lawyers, Tax Practitioners & Tax 

Managers, Junior Auditors & Accountants, Financial Controllers & Account Managers, 

Service Providers dealing with International Clients. 

LA NG UAGE OF INSTR UCT ION: E NGLISH 



`` 

REDEFINING HR 

PRACTICES IN THE 

POST COVID-19 ERA 


The COVID-19 pandemic crisis has thrown a curveball at humanity, 

disrupting almost all walks of life and with severe economic 

consequences. In organizations, HR teams have been at the frontline, 

quickly providing employees with the organization’s response to the 

pandemic. While rolling out new guidelines for working and providing 

infrastructural and social support, they have endeavored to keep 

employee spirits and productivity levels high during the lockdowns. 

Still, as we are not aware how long the crisis will last and what the 

“new normal” will look like HR teams have more than a handful of 

challenges to tackle. HR and corporate companies are investigating 

whether the ways of operating that have served them well in the past 

will be fit for the future and challenging their status quo. They will now 

need to look ahead and make changes to policies, structures, and 

practices to align with the new way of working. With organisations now 

on the cusp of recovery, the role of HR is becoming even more 

important.HR actually is leading the “new normal” and without 

knowing it, the “new” HR can play a defining role in shaping the future 

of organizations. To sum up, people, policies, and processes will be the 

three broad pillars on which they can build a new foundation for HR 

excellence. 


17/11 

TH URSD AY 

09.00-1 7. 00 

C OST: €190+ V AT 

DISCOUNTS ARE 



ORGANIZATION 


IN STR UC TOR: FANIS ARITZIS (MBA, MSC, MA, BA) 

HEAD OF PHYGITAL RETAIL MARKETING @WIND HELLAS - NEURO LINGUISTIC 

PROGRAM MASTER, ACCREDITED AGILE BUSINESS COACH & AUTHOR 

For the last 15 years Fanis Aritzis worked in the biggest companies in Greece, the 

Netherlands, Cyprus & Greece. To name a few: PAPASTRATOS/ Philip Morris 

International, one of the 3 contributors of successful product launch IQOS in 

different locations: Athens, Munich, Cyprus & Lausanne. WIND HELLAS | Coca Cola 

HBC | Inditex SA | Fashion TV | Stavros Niarchos Foundation With proven track of 

records in all business departments and diverse business portfolio, Fanis Aritzis is 

a C+ strategist with a 360 rounded commercial business expertise covering both 

academically & professionally those areas. More specific/ Areas of expertise & 

Awarded 3 times by the Marketing Association in Greece: Human Resources | 

Phygital Retail Marketing & Trade Marketing | Digital Marketing & Consumer 

Engagement | Remote Operations, Sales & AI Customer Care | Brand Advocacy & 

Leads Generation | Product Management Firm and AIF director. Since December of 

2010, he is a trainer at the National School of Public Administration and Local 

Government. The areas of his specialization are Training & Development, Human 

Resource Management, Project Management and Technology. 


 

 

 

 

 

 

 

 

The ‘New’ HR after COVID-19 Era 

The extender roles of the ‘New’ HR 

Challenges and Opportunities in The Post-Pandemic Era 

The after COVID-19 employees’ psychology & approach 

Remote Working as the new norm and new ways of 

effectiveness 

Accelerating new ways of digital transformation 

HR & METAVERSE, are you ready to combine physical & 

digital/ remote presence 

METAVERSE how to find & acquire those talents 

TARG ET GROUP 

This program is designed for HR professionals, Coaches, Department 

Heads, Executives and Officers, Marketing, Sales, Product Managers; 

Portfolio/Wealth/Asset Management Managers or in general employees 

who deal with Human Resource matters. 




`` 

ANTI-MONEY 


LEGISLATION – A 








Central Bank of Cyprus etc.). The local legislation and EU regulations 

are continuously amended, so that the use of professional judgement 

and skepticism is required at all stages of the Anti - Money 

Laundering procedures followed by all parties involved. The aim of 

this course is to offer a thorough understanding, for the junior staff 

up to the senior executive, of the current AML legislation as well as 

the compliance requirements. The course blends smoothly the 

legislation and the various regulations with real scenarios making 

this a very attractive course to its audience. 


DATES & VENUE 

NIC O SIA 

22/11 

TUESDAY 

9.00-17.00 






















What is Money Laundering? 

Money Laundering Legislation 

A risk-based approach (RBA) to due diligence procedures 

Client due diligence (CDD) procedures 

Enhanced due diligence procedures (EDD) 

Conducting due diligence procedures 

Identification and verification of individuals 

Beneficial owner of private legal entities 

Source of wealth versus source of funds 

Record keeping and data protection 

Identifying and dealing with suspicion 

Red flags of potentially suspicious activities 

Reporting procedures within a firm | Reporting procedures to MOKAS 

Compliance in a pandemic era 



Auditors & Compliance Officers 


Lawyers 


AML Staff & Accountants 

Internal/ External Auditors 

Fund managers 




VIRTUAL ASSETS 

(CRYPTOCURRENCIES) 

& ANTI-MONEY 


AML regulations and legislations are continuously evolving. 

Especially, in the era of virtual assets the need for the development 

of guidance and regulations as to how professionals can protect 

their business from unknowingly getting involved in Money 

Laundering is becoming critical. 

FATF has already issued various relevant guidance and countries 

around the world are slowly adapting their local regulations and/or 

legislations accordingly. 

This course, therefore, has been based upon the FATF issued 

guidance’s on virtual assets and aims to introduce the participants 

to the terminology of virtual assets as well as the red flags present 

when virtual assets are involved. The participants will be shown 

various cases of money laundering where virtual currencies were 

involved. The course is relevant for virtual asset service providers, 

auditors, external accountants, tax advisors, trust and/or company 

service providers, lawyers, investment firms, financial institutions, 

and their staff in Cyprus. 

`` 



25/11 

FRIDAY 

18.00- 21.15 

C OST: €110+ VA T 

DISCOUNTS ARE 



ORGANIZATION 




















Virtual Assets Terminology 

FATF Approach 

Overview of Risk 

Initial Risk Assessment 

Registration of Virtual Asset Service Provider’s in Cyprus 

Customer due diligence 

Enhanced due diligence 

Virtual Assets Red Flag Indicators 

Industry Trends 


Virtual Asset Service 

Providers 

Compliance officers 

Auditors 


Accountants 

Lawyers 

Fund Managers 


Bank employees 

Tax advisors 




`` 

H ΔΙΑΧΕΙΡΙΣΗ ΤΟΥ ΚΙΝΔYΝΟΥ 

ΣΤΟΝ ΓΕΝΙΚΟ ΚΑΝΟΝΙΣΜΟ 

ΓΙΑ ΤΗΝ ΠΡΟΣΤΑΣΙΑ 

ΔΕΔΟΜΕΝΩΝ (GDPR) 


Μία από τις σημαντικότερες εξελίξεις στον τομέα της προστασίας των 

προσωπικών δεδομένων κατά την τελευταία εικοσαετία είναι η ολοένα 

αυξανόμενη εστίαση στην έννοια του κινδύνου ως μία από τις 

θεμελιώδεις παραμέτρους για τη δημιουργία νομοθετικών ρυθμίσεων 

και για την επίτευξη της απαιτούμενης συμμόρφωσης. Υπό το πρίσμα 

αυτό, ο ΓΚΠΔ ακολουθεί μία προσέγγιση βασισμένη στον κίνδυνο (riskbased 

approach), προδιαγράφοντας την απαίτηση για ανάλυση του 

κινδύνου και σχεδιασμού αντίστοιχων μέτρων που τον αντισταθμίζουν 

αναλόγως. Ωστόσο, προς το παρόν υπάρχουν περιορισμένες και 

διάσπαρτες μεθοδολογίες που ενσωματώνουν πλήρως τον κίνδυνο για 

την προστασία των προσωπικών δεδομένων, όπως απορρέει από τις 

διατάξεις του ΓΚΠΔ. 


29/1 1 

ΤΡΙΤΗ 

09.00-15.00 

€170 + ΦΠΑ 

ΠΡΟΣΦΕΡΕΤΑΙ 15% ΕΚΠΤΩΣΗ ΓΙΑ 

ΠΕΡΙΣΣΟΤΕΡΟΥΣ ΑΠΟ ΔΥΟ (3+) 

ΣΥΜΜΕΤΕΧΟΝΤΕΣ ΑΠΟ ΤΗΝ ΙΔΙΑ 

ΕΠΙΧΕΙΡΗΣΗ 

ΕΚΠΑΙΔΕΥΤΗ Σ: ΝΙΚΟΛΑΟΣ ΛΟΥΚΑΣ (MSC, PHD, C/DPO,PRINCE2/P, 

FOUNDER STREAMLINE TRAINING AND CONSULTING, FOUNDING MEMBER 

DPO ACADEMY) 

O Νικόλαος Λουκάς έχει 25ετή εμπειρία στον σχεδιασμό, την ανάπτυξη, τη 

διαχείριση, την έρευνα και την παροχή συμβουλευτικών υπηρεσιών στον 

τομέα των δικτύων επικοινωνιών, πληροφοριακών συστημάτων, ασφάλειας 

και προστασίας προσωπικών δεδομένων. Είναι μηχανικός τηλεπικοινωνιών, 

κάτοχος MSc και PhD από το Τμήμα Πληροφορικής και Τηλεπικοινωνιών του 

Εθνικού και Καποδιστριακού Πανεπιστημίου Αθηνών (ΕΚΠΑ). Είναι 

πιστοποιημένος Data Protection Officer (DPO) από τους οργανισμούς 

πιστοποιήσεων PECB και TUV Austria και πιστοποιημένος Διαχειριστής 

Έργων (PRINCE2/P). Είναι εξωτερικός εισηγητής σε θέματα προστασίας 

δεδομένων στο Cyprus College (School of Professional Studies), στη ΝΟΜΙΚΗ 

ΒΙΒΛΙΟΘΗΚΗ (NB Learning) και στην TUV Austria Academy. Είναι 

επιστημονικός συνεργάτης του περιοδικού ΔΙΤΕ (Δίκαιο Τεχνολογίας και 

Επικοινωνίας) που εκδίδεται από τη ΝΟΜΙΚΗ ΒΙΒΛΙΟΘΗΚΗ καθώς και του 

διεθνούς περιοδικού COSE (Computers & Security) που εκδίδεται από τον 

εκδοτικό οίκο Elsevier σε θέματα προστασίας προσωπικών δεδομένων και 

ασφάλειας συστημάτων. 

Το σεμινάριο αυτό παρουσιάζει μία ολιστική και ολοκληρωμένη 

μεθοδολογία για τη συνολική αντιμετώπιση της διαχείρισης του κινδύνου 

από τους υπεύθυνους επεξεργασίας και τους εκτελούντες την 

επεξεργασία προσωπικών δεδομένων στο πλαίσιο των απαιτήσεων του 

ΓΚΠΔ, χρησιμοποιώντας πρακτικά παραδείγματα και περιπτωσιολογικές 

μελέτες (case studies). 

ΘΕΜΑ ΤΟΛΟΓΙΑ 

Εισαγωγή στις έννοιες της διαχείρισης του κινδύνου 

Ο κίνδυνος στο πλαίσιο του Γενικού Κανονισμού Προστασίας Δεδομένων 

Διαχωρισμός κατηγοριών κινδύνου στον ΓΚΠΔ και αξιολόγηση πράξεων 

επεξεργασίας με βάση τον κίνδυνο 

Η διαχείριση του κινδύνου μέσω της υποχρέωσης για διεξαγωγή της εκτίμησης 

αντίκτυπου σχετικά με την προστασία προσωπικών δεδομένων (DPIA) 

Η προστασία των δεδομένων από τον σχεδιασμό (data protection by design) με 

βάση τον κίνδυνο 

Αξιολόγηση του κινδύνου στο πλαίσιο της παραβίασης δεδομένων (personal 

data breach) 

Κίνδυνοι σχετικά με την ασφάλεια της επεξεργασίας 

Transfer Impact Assessments – αξιολόγηση του κινδύνου στα πλαίσια 

διαβιβάσεων εκτός Ε.Ε. 

Ο ρόλος και τα καθήκοντα του Υπεύθυνου Προστασίας Δεδομένων (DPO) ως 

προς τη διαχείριση του κινδύνου 

ΣΕ ΠΟ ΙΟΥ Σ ΑΠΕΥΘ ΥΝΕΤΑΙ 

Το σεμινάριο απευθύνεται σε Υπεύθυνους Προστασίας Δεδομένων (DPOs), 

Δικηγόρους που ασχολούνται με ζητήματα συμμόρφωσης με τον ΓΚΠΔ, 

Δικηγορικές Εταιρίες, Νομικούς Συμβούλους Εταιριών, Στελέχη 

Κανονιστικής Συμμόρφωσης και διοικητικά στελέχη (CEO, COO, ΓΔ, 

Marketing, Production, κ.λπ.), Project Managers, IT & Information Security 

Consultants, Εξωτερικούς ή Εσωτερικούς Ελεγκτές. 



` 

MEDIA TRAINING 

ESSENTIALS: ARE YOU 

READY TO HARNESS 

THE POWER OF THE 

MEDIA? 


There are more opportunities than ever to get your ideas in front of 

large audiences. You have TV, radio, and digital news, but you also have 

podcasts and social media sites. Many of these interviews can also be 

conducted from almost anywhere in the world. In this course, Andrie 

Penta, an experienced trainer and speaker, shares ways in which you 

can prepare for any media interview, navigate the conversation 

strategically using your words, tone of voice, and body language. She 

outlines the key factors that assist interviewees project selfconfidence, 

clarity, and credibility even under conditions of stress, 

pressure, and uncertainty. After attending this course, you’ll be better 

prepared to project confidence and control your own narrative in all 

media interview settings without being fake or feeling inauthentic. 

DATES & VENUE 

N IC O S I A 

30/11 

WEDNESDAY 

9.00-17.00 























Why is media training important? 

• Which media skills are needed? 

• What would the benefit be? 

Effective chunking 

• What would the interviewer want 

to know? 

• Do journalists care about 

everything you tell them? 

• How to identify & express your top 

three messages? 

Taking control of the situation 

• The control is in your hands 

• Steer the course of the 

conversation 

• How to gather up your thoughts 

TARG ET GROUP 

• Executives , Managers and Supervisors 

• Marketing personnel 

• HR Managers and personnel 

• IT Managers 

• PR officer and PR Account Executive 

• Frontline Customer Care personnel 

• Reception and Security personnel 


Prepare for tough questions 

• An interviewer’s role is to 

ask tough questions 

• How to avoid being 

ambushed? 

Practice your crisis 

communication 

Avoid social faux pas 

• Media etiquette that you 

need to be aware of 

Dress for the occasion 

The various outlets 

TV, Radio, Phone, Skype, 

social media 

Action Plan 



DATES & VENUE 

N IC O S IA 


30/11 

WEDNESDAY 

9.00-17.00 


















THE FUNDAMENTALS 

OF CORPORATE 

FRAUD 

Undeniably, nowadays organizations face increased challenges and 

risks due to the Covid-19 pandemic and the unstable globalized 

economy. The 2021 Global Fraud Survey conducted by the ACFE (USA) 

indicated that a typical organization loses 5% of its revenue in a given 

year as a result of fraud. 

Economic globalization and the international financial environment 

have created an increased need for enhancing fraud awareness in all 

organizations: 

 

 

 

 

 

`` 

what constitutes fraud 

who can perpetrate fraud? 

the reasons behind fraudulent acts 

possible impacts of fraud on organizations & 

ways to identify fraud. 

This seminar aims to address all the above issues and also analyze 

the evolution of fraud from traditional methods to current trends. 

Finally, the course will outline and explain, through discussion and 

practical examples, the three main types of Occupational Fraud: 

Corruption, Asset Misappropriation and Financial Statement Fraud. It 

will provide delegates with an increased awareness and 

understanding of the above concepts and equip them with important 

knowledge and skills on how to prevent these types of fraud in 




Occupational Fraud 

The Triad of Fraud | Profile of 

Fraudsters | Red flags 


Moving from Traditional Methods 

to Current Trends 

Corruption 

Conflict of Interest 

Bribery 

Warning signs of Corruption 

Asset Misappropriation 

Cash thefts 



Inventory theft 

Misuse of assets 

Red flags of Asset 

Misappropriation 


Omission of transactions & 

disclosures 

Falsification of accounting 

records 

Misapplication of financial 

reporting standards 

Indicators of Financial 


TARGET GROUP 

Lawyers | Law Enforcement personnel | Specialized Investigators 

Controllers & Corporate Managers | Accountants & Financial Managers 

Forensic & Management Accountants | Risk & Executive Managers 

Accounts payable & Financial Analysts | Prosecuting Authority 

Governance, Risk Management & Compliance Officers 

Internal, External & Forensic Auditors 




SANCTIONS 

ESSENTIALS OF 

COMPLIANCE 

Failure to comply with sanctions entails risks and challenges for a 

business. Regulations are continually changing in response to 

changing geopolitical events. Therefore, developing up to date, 

essential understanding of sanctions compliance requirements is 

crucial to ensure that your firm complies with local &/or 

international regulations. 

One of the main challenges professionals are faced with, is to not 

knowingly or unknowingly provide sanctioned individuals/entities 

with tools that make possible the evasion of sanctions. The basic idea 

behind how to handle sanctioned individuals and entities is clear and 

easy to understand, but the details behind the risks and threats that 

may arise for a firm are significant. 

The expected learning outcomes from this seminar are the following: 

 

 

 

 

 

`` 

Understand what sanctions are 

Understand how sanctions impact your business 

Get a grasp of the essential compliance obligations 

Identify red flags 

Learn about the current geopolitical hotspots 



01/12 

TH UR SD AY 

18.00- 21.15 

C OST: €110+ VA T 

DISCOUNTS ARE 



ORGANIZATION 




















Defining Sanctions 

The international context of sanctions 

Sanctions compliance obligations 

Screening of customers and transactions 

Reporting matches and breaches of the sanction’s regime 

CTF and CPF 

Geopolitical Hotspots 

Sanctions evasion techniques 

Sanctions related red flags 



Auditors 


Accountants 

Lawyers 

Fund Managers 




Tax advisors 

Real Estate Agents 

Art dealers 

Virtual Asset Service Providers 



`` 

DIGITAL CUSTOMER CARE, 

CUSTOMER EXPERIENCE 

& ARTIFICIAL 

INTELLIGENCE (A.I.) 


Η εξυπηρέτηση πελατών είναι ένας κρίσιμος τομέας για κάθε 

επιχείρηση. Ο τρόπος που γίνεται, οι προσφερόμενες επιλογές, η 

παρεχόμενη ποιότητα, η αξιοπιστία και η τεχνολογική υποστήριξη 

διαμορφώνουν και τα αποτελέσματα που φαίνονται άμεσα στις 

πωλήσεις και κατ’επέκταση στα κέρδη της επιχείρησης. Η σύγχρονη 

τεχνολογία έχει αλλάξει τον τρόπο που αλληλεπιδρούν οι εταιρείες 

με τους πελάτες. Νέα προϊόντα, υπηρεσίες, τύποι καταναλωτών και 

ανταγωνιστές έχουν εμφανιστεί και συνεχίζουν να εξελίσσονται. Η 

τεχνολογία μεταμορφώνει την εμπειρία του πελάτη. Μέσα από αυτό 

το σεμινάριο οι συμμετέχοντες θα έχουν την ευκαιρία να μάθουν τις 

έννοιες του Customer Experiences, το πως σε συνδυασμό με την 

Τεχνική Νοημοσύνη μπορούν να αφουγκράζονται τους πελάτες τους 

προκειμένου να βελτιώσουν την καθημερινή εμπειρία του πελάτη, 

να δημιουργούν το στρατηγικό τους πλάνο και φυσικά πως η νέα 

μετα COVID-19 εποχή ενισχύει την εξ αποστάσεως εργασία η οποία 

μπορεί να αυξήσει την κερδοφορία μιας επιχείρησης. 


01/12 

ΠΕΜΠΤΗ 

09.00-17.00 

COST: €190+ ΦΠΑ 

ΠΡΟΣΦΕΡΕΤΑΙ 15% ΕΚΠΤΩΣΗ ΓΙΑ 

ΠΕΡΙΣΣΟΤΕΡΟΥΣ ΑΠΟ ΔΥΟ (3+) 

ΣΥΜΜΕΤΕΧΟΝΤΕΣ ΑΠΟ ΤΗΝ ΙΔΙΑ 

ΕΠΙΧΕΙΡΗΣΗ 

ΕΚΠΑ ΙΔΕΥΤ ΗΣ: ΦΑΝΗΣ ΑΡΙΤΖΗΣ (MBA, MSC, MA, BA) 

HEAD OF PHYGITAL RETAIL MARKETING @WIND HELLAS - NEURO LINGUISTIC 

PROGRAM MASTER, ACCREDITED AGILE BUSINESS COACH & AUTHOR 

Ο Φανης Αριτζης (MBA, MSc, MA, BA, NLP) είναι στέλεχος επιχειρήσεων, 

Σύμβουλος Διοίκησης Ανθρώπινου Δυναμικού, πιστοποιημένος Life/ 

Transformation Coach και NLP Practitioner & Time Line/ Hypnotherapist από το 

American Board of NLP. Αποφοίτησε με Άριστα από το College of Human & 

Business Efficiency του Ηνωμενου Βασίλειου, από το European University, το 

Οικονομικό Πανεπιστήμιο Αθηνών (ΑΣΟΕΕ), Πανεπιστήμιο Πειραιά και το Πάντειο 

Πανεπιστήμιο Κοινωνικών και Πολιτικών Επιστημών. 

Εργάζεται τα τελευταία 15 χρόνια ως στέλεχος επιχειρήσεων σε πολυεθνικές 

εταιρείες στην Ελλάδα, Αγγλία, Γερμανία, Ολλανδία και Κύπρο, ως Project 

Manager, Sales Executive, Sales Trainer, Product Owner, Customer Care Manager, 

Phygital Retail Transformation Head και HR Partner. Από το 2017 έως σήμερα 

ασχολείται με θέματα business coaching, ψυχολογίας, ψυχοθεραπείας και 

αυτοβελτίωσης, ενώ παράλληλα διδάσκει σε Μεταπτυχιακά Business σε Ελλάδα 

και Εξωτερικό. 

ΘΕΜΑΤΟΛΟ ΓΙΑ 

 

 

 

 

 

 

 

 

 

 

Customer Experience Management 

Εργασία εξ Αποστάσεως: 

Ποια είναι η Ψυχολογία των εργαζομένων στην μετα COVID-19 

εποχή 

Έλεγχος απόδοσης & Εργασία Εξ αποστάσεως 

Τεχνολογία & Νέα κανάλια Επικοινωνίας 

Customer Care & Artificial Intelligence (A.I.) 

Remote Sales & Tips 

ΣΕ ΠΟΙΟΥ Σ ΑΠΕ ΥΘ ΥΝΕΤΑΙ 

Στελέχη τμημάτων Εξυπηρέτησης Πελατών, Στελέχη τμημάτων 

Πωλήσεων & Logistics 

CX Professionals & Managers 

HR Managers 

Στελέχη Μάρκετινγκ 

Διευθύνοντες Σύμβουλοι & Ανώτατα Διευθυντικά στελέχη 

Ιδιοκτήτες επιχειρήσεων Μικρομεσαίων Επιχειρήσεων (ΜΜΕ) 



DATES & VENUE 

LIMASSOL 


02/12 

FRIDAY 

9.00-17.00 


















THE FUNDAMENTALS 

OF CORPORATE 

FRAUD 

Undeniably, nowadays organizations face increased challenges and 

risks due to the Covid-19 pandemic and the unstable globalized 

economy. The 2021 Global Fraud Survey conducted by the ACFE (USA) 

indicated that a typical organization loses 5% of its revenue in a given 

year as a result of fraud. 

Economic globalization and the international financial environment 

have created an increased need for enhancing fraud awareness in all 

organizations: 

 

 

 

 

 

`` 

what constitutes fraud 

who can perpetrate fraud? 

the reasons behind fraudulent acts 

possible impacts of fraud on organizations & 

ways to identify fraud. 

This seminar aims to address all the above issues and also analyze 

the evolution of fraud from traditional methods to current trends. 

Finally, the course will outline and explain, through discussion and 

practical examples, the three main types of Occupational Fraud: 

Corruption, Asset Misappropriation and Financial Statement Fraud. It 

will provide delegates with an increased awareness and 

understanding of the above concepts and equip them with important 

knowledge and skills on how to prevent these types of fraud in 





The Triad of Fraud | Profile of 



Moving from Traditional Methods 

to Current Trends 

Corruption 

Conflict of Interest 

Bribery 

Warning signs of Corruption 

Asset Misappropriation 

Cash thefts 



Inventory theft 

Misuse of assets 

Red flags of Asset 

Misappropriation 


Omission of transactions & 

disclosures 

Falsification of accounting 

records 

Misapplication of financial 

reporting standards 

Indicators of Financial 


TARGET GROUP 










A PRACTICAL 

APPROACH TO THE 

AML LEGISLATION: 

‘THINKING OUT OF 

THE BOX ‘ 







Central Bank of Cyprus etc.). This workshop targets professionals 

that have already attended the basic AML course and would like to 

work exclusively with scenarios/case studies. 

The participants will be exposed to various scenarios some of which 

will be fictitious, and some will be derived from real life examples 

and will have to identify risks involved and the course of action as to 

comply at all times with the AML legislation and/or regulations. The 

workshop will be run using a hands-on approach and is very 

interactive. 

`` 



05/12 

MONDAY 

18.00- 21.15 

C OST: €110+ VA T 

DISCOUNTS ARE 



ORGANIZATION 




















Virtual Assets Terminology 

FATF Approach 

Overview of Risk 

Initial Risk Assessment 

Registration of Virtual Asset Service Provider’s in Cyprus 

Customer due diligence 

Enhanced due diligence 

Virtual Assets Red Flag Indicators 

Industry Trends 


Virtual Asset Service Providers 



Auditors 


Accountants 

Lawyers 

Fund Managers 


Tax advisors 




DATES & VENUE 

N IC O S IA 


07/12 

WEDNESDAY 

9.00-17.00 




I N S T R U C T O R : CHRYSTALLA KAZARA (BBA, ABA, MBA, ACCA, CFE) 














`` 

FRAUD RISK 

MANAGEMENT II: 

ADVANCED FRAUD 

CONCEPTS & 

CURRENT TRENDS 

The rapid and continuous evolution of technology gave the opportunity 

to potential perpetrators of fraud to discover new methods and made 

detection of fraud even more difficult. Consequently, all organizations, 

irrespective of business sector, are nowadays more susceptible to 

fraudulent acts and there is an increased need for enhancing fraud 

awareness in organizations. Therefore, it is of the utmost importance 

that all professionals gain knowledge of advanced fraud concepts and 

become familiar with all current trends/fraud schemes. In this way, 

they will be able to take appropriate measures and introduce enhanced 

anti-fraud controls to help protect their companies and clients by 

offering them significant and valuable advice. 

The main purpose of the seminar is to update participants on the most 

significant, emerging trends in fraud explaining in-depth and analyzing 

each concept through discussion and practical examples. 

Furthermore, all attendees will benefit from the various real cases 

which will be analyzed throughout the seminar and obtain practical 

knowledge as the cases to be used will cover a variety of industries for 

example banking, insurance, trading, and health care sectors. 


Defining & Understanding Fraud Consumer Fraud 

The Triad of Fraud | Profile of Consumer Fraud Schemes 


Identity Theft 

Real Life Examples 

Indicators of Consumer Fraud 


& Identity Theft 

Cybercrime 

Preventive Measures | 

Cybercrime Schemes 

Internal Controls 

Indicators of Cybercrime Data theft & Intellectual Property 

Preventive Measures | Internal Intellectual Property Theft 

Controls 

Schemes 

Procurement Fraud 

Indicators of Intellectual 

Procurement Fraud Schemes Property Theft 

Indicators of Procurement Fraud Preventive Controls 

Preventive Controls 

T ARG ET GR OUP 








LAN G UAGE OF IN STRUCT ION : ENGL ISH 




` 

LEADERSHIP 

SKILLS: DEVELOP 

YOURSELF AS A 

LEADER 


The main difference between a leader and a manager is that a leader is 

able to identify problems, propose solutions and take advantage of 

opportunities in ways that inspire others to trust and follow. A manager 

can be a leader, too, but he/she can also simply maintain the status quo, 

and no one would really complain. These days, too many companies are 

over-managed and under-led. If you want your business to remain 

competitive in the new, global economy, you need more leaders and fewer 

managers. A great way for managers at all levels to improve their 

capabilities, inspire their teams and achieve outstanding business results 

is through leadership skills training. Successful leaders are able to 

transform organizations, enhance value creation, create efficiencies, and 

engage their employees to deliver better results. 

The purpose of this Leadership Skills seminar is to turn good managers 

into great leaders. This fast-paced, highly interactive training program 

helps participants to identify their strengths as a manager and as a leader 

and refine them for even greater effectiveness. 

DATES & VENUE 

N IC O S I A 

09/12 

FRIDAY 

9.00-17.00 























Self-discovery and honest self-reflection 

Are you purpose-fit? 

• Being a manager (and a leader) 

• Understand your leadership profile 

How to develop yourself as a leader? 

Set clear leadership goals to help you increase your professional influence & 

impact to others 

• Building trust | Managing teams | Dealing with conflict | Handling emotions 

Design a leadership development path that builds relevant skillsets 

Are you setting the right example? Being a role model 

Preparing yourself for a thriving career 

Lead at a strategic level 

• Understanding Your Current Operational Mission: Your Team, Your Customers 

and Your Competitors 

How to grow leaders in your organisation 

T ARG E T G R O UP 

This program is ideal for managers, CEOs and leaders, C-level executives, 

upper management, large and small business owners, entrepreneurs, 

senior-level managers, supervisors, executives who want to develop the 

tools and techniques to actively manage their leadership trajectory and 

grow their influence and impact across their organization. The program is 

also appropriate to top-performing and high-potential individuals with 5-15 

years of experience in roles of increasing responsibility. 




`` 

MANAGING MENTAL 

HEALTH AND 

WELLBEING AT THE 

WORKPLACE 


The pandemic has undoubtedly affected people’s mental and 

behavioral health, no one is untouched, either directly or indirectly, 

by mental health issues. Even before the pandemic, many suffered 

stress, anxiety, or substance-use disorder. Not surprisingly that 

figure has risen sharply during the long, stress-inducing COVID-19 

health crisis. This reminds us of the need to scale up quality mental 

health services at the workplace. 

This program provides leaders insights on mental health issues, dive 

deeper into key topics such as stressors and coping mechanisms. 

You will also explore intervention strategies and design a better 

mental health future for employees by prioritizing communicating 

and supporting wellness at the workplace. 


09/12 

FRIDAY 

9.00-16.00 




INSTR UC TOR: ELISABETH KESTERLIAN-CORPORATE TRAINER 

Elisabeth is a holder of a bachelor’s degree in business administration and 

joined Reuters/Thomson Reuters Nicosia in 2007. She launched her first 

Customer Service Six Sigma project in 2013 through Siebel CRM to reduce 

responsiveness time to customers in Financial Services, FTSE London and MSCI. 

In 2016, she played a key role in migrating to the new generation Salesforce 

software solution, Service Cloud, and continued her journey with several 

projects in Data Quality Management with BlackRock, MSCI and HSBC. In 2017, 

Elisabeth refocused and empowered frontline teams in different locations to 

shift from a Service to an Experience mindset and eventually launched the first 

Experience Pulse project within Content Customer Operations team globally, 

leading and improving Net Promoter Survey (NPS) scores with key clients such 

as STOXX, MSCI, FTSE/LSE, JPMorgan, and others. As an advocate for great 

Customer Experience in Cyprus, Elisabeth continues her journey as a corporate 

trainer of professional development courses. She recently joined the Cyprus 

Mail and is also contributing to Cyprus 4.0, the fourth Industrial Revolution, a 

paradigm created by McKinsey Consultants and the World Economic Forum. 


Mental Health Definition 

Influencing Factors 

Stress & Myself 

Warning signs and causes of stress 

Stressors 

Peak Performance Indicator 

Coping Mechanisms 

Body: Sleep, Physical Exercise, Nutrition 

Mind: Meditation, Introspection, perspective 

Spirit: Purpose, Renewal, Connection 

Managing Mental Health in the Workplace 

Integrated Intervention Strategies 

Five ways to design a better Mental Health future for Employees 

Priority, Support, Communication, inclusive work culture and measure 

and meet the need 

TARG ET GROUP 

This course is designed for: Human Resources, Marketing, Sales, 

Financial, Accounting, Technology, Operations, Back Office, Call 

Centre, Customer Support/Service/Retention/Experience, People 

Managers and Team Leaders 




`` 

ONLINE CPD 

COURSES ON 

DEMAND 

The pre-recorded sessions are available on demand, and they are 

designed to fit around fast-paced business requirements and 

schedules. Plus, they can be re-watched to refresh knowledge when 

needed. All courses are delivered by expert speakers providing 

comprehensive coverage of each topic. They offer a consistent 

training approach for the whole team, across multiple locations, 

wherever in the world your business is based. Enabling your 

employees to complete their professional development or training, 

when and where it’s convenient. BPP Professional Education Ltd will 

provide a CERTIFICATE OF ATTENDANCE upon successful completion 

of the online pre-recorded course 

AVAILABL E TITLES 

THE ACCOUNTANT AS S TRATEGIC INFLUENCER AND ADVISER | BECOMING 

A BUSINESS PARTNER | C PD P OINT S 1 .5 | €40+VAT 

The accountant as strategic influencer and adviser - the role of business 

partner', we considered the changing role of the finance professional and 

looked at some of the ways they can bring greater efficiency and productivity 

through building closer links to the business, developing the role of business 

partner. This second course looks to highlight some of the inter personal 

skills required to be an excellent Business Partner. There is no doubt that 

some people were born with a high level of Emotional Intelligence while 

others need to work hard to develop it. The good news is that while IQ tends 

to level out the older you get, Emotional Intelligence (EQ) can be developed. 

This course looks to provide some tools and skills to employ and develop to 

help the finance professional build rapport with their counter parts with in 

the business - and in doing so fulfil the ever-challenging role of the finance 

business partner. 

THE ACCOUNTANT AS STRATEGIC INFLUENCER AND A DVISER | THE ROLE 

OF BUSINESS PARTNER | CPD PO I NT S 1.5 | €40+VAT 

As the world changes and finance becomes an ever-increasing priority for 

most organizations, there is a recognized need for the role of the finance 

professional to change. No longer can the finance professional sit behind a 

spreadsheet or spend hours simply playing with a chart of accounts. There is 

now a need, and in a lot of cases a pull from the business, for a finance 

professional to play a greater part in the strategic decision making and 

planning within a business. This has created the developing role of the 

finance business partner. This course explains what that role looks like and 

briefly considers how the finance professional might get more involved in 

ensuring the strategy of an organisation gets implemented. 

. 

C OMM ERCIAL NOUS AND AD DIN G V A LUE AS A FI NANC E 

PROFESS IONA L | CPD P OINTS 1 | €30 +VAT 

Thinking more commercially in these challenging financial times whilst 

spotting all the opportunities available is now more vital than ever for 

finance professionals. This highly practical online course has been 

specially designed to help finance professionals improve their 

commercial acumen and ensure they can deliver more value for their 

organisation. 

C OMM ERCIAL SKILLS FOR FINA NCE PR OF ES SIO NALS | CPD 

POINTS 1 | €30+VAT 

This course focuses on the finance functions’ relationship with other 

departments, exploring how to understand their needs, appreciate how 

finance is perceived, communicate more effectively, and gain influence 

through clarifying the link between financial outcomes and value 

creation. 

PRODUCING AND PRESENTING FINANCIAL INFORMATION WITH 

IMPACT | CPD PO I NT S 1 | €30+VAT 

This course is an informative look at how non-financial managers can 

present financial information with credibility and flair. For those people 

who find figures difficult, presenting financial information can be 

daunting. This will also help you make sure that your point is made 

clearly to enable informed decisions to be made based on the figures 

presented. 

FOR BOOKING : 

Call us at 22713230 or email us at SPSNicodia@cycollege.ac.cy as to guide 

you through on your registration and payment of the course. Access to the 

course will be available for 12 months from purchase date.

GET IN CONTACT 

THE SCHOOL OF PROFESSIONAL STUDIES 

N I C O S I A C A M P U S 

6, Diogenous Str., Engomi, 

P.O. Box: 22006, 1516 Nicosia 

T: +357 22 713230 

F: +357 22 660257 

E: SPSNicosia@cycollege.ac.cy 

L I M A S S O L C A M P U S 

56, Archbishop Makarios III Ave, 

P.O. Box 57163, 3313 Limassol 

T: +357 25 867500 

F: +357 25 736427 

E: SPSLimassol@cycollege.ac.cy

CPD COURSE CATALOG FALL 2022_ THE SCHOOL OF PROFESSIONAL STUDIES

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