CPD Course Catalog Spring 2023 _ Continuing Professional Development

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 3 S P R I N G | C P D C O U R S E C A T A L O G U E

CPD COURSE 

CATALOGUE | 

FEBRUARY- 

JUNE 2023

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. 

“PERSONAL DEVELOPMENT IS 

THE BELIEF THAT YOU ARE 

WORTH THE EFFORT, TIME AND 

ENERGY NEEDED TO DEVELOP 

YOURSELF.” 

DENIS WAITLEY 

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outdated or obsolete; allowing individuals to continually ‘up skill’ or ‘re-skill’ 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 positively adjust to changes in work/industry requirements while 

also demonstrating a strong 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 . 

“LEADERSHIP AND LEARNING 

ARE INDISPENSABLE TO EACH 

OTHER.” 

JOHN F. KENNEDY 

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. 

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 

Classroom training is still a popular choice for many. For a practical approach 

to learning, our unrivalled portfolio of classroom training courses is delivered 

by subject experts. Our courses allow you to enjoy face-to-face interaction 

with both the trainer and other attendees, and are ideal for those who learn 

best in a social atmosphere. 

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 BASED CO UR S E S: P l eas e n o t e tha t as th e situ a tio n c a used by 

the coro navirus p andem i c, ke eps e vo l vi n g in a di zz yi n g spe ed , i f by the 

tim e of co mmen c i ng d a te i s not sa fe to r es ume f ac e - to - fa ce tui tio n th e 

co urse s wi l l be r un as ON LINE TU IT IO N L IVE ( 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. 

“LEARNING NEVER EXHAUSTS 

THE MIND.” 

LEONARDO DA VINCI 

T HE SC HOO L OF P RO FE SS IO NAL STUDIE S W ILL P R OVIDE A C ER T IF IC AT E O F 

AT TENDANCE UP ON S UCCESSFU L COMP LE TI ON O F A CPD CO U RSE .


‘ONE QUALITY OF LEADERS AND 

HIGH ACHIEVERS IN EVERY AREA 

SEEMS TO BE A COMMITMENT TO 

ONGOING PERSONAL & 

PROFESSIONAL DEVELOPMENT.’ 

BRIAN TRACY 



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 ROF E SSIONA L E DUCA TION L IMITED WIL L P ROV IDE A C E RT IFI C AT E OF 

AT TENDANCE UPO N SUCCE SSFUL C OMP L E T ION O F T HE ON L INE P RE - 

RE C O RDED C OU RSE.



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 

then …. 

THE PROCESS IS SIMPLE. 

1. Bring us your 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 

BESPOKE TRAIN ING FOR YOU AND YOUR ORGAN ISATION 

We can also design and deliver bespoke training and we are ready to work with 

you to find the perfect solution to your training needs. 

THE BENEFITS OF IN-HOUSE TRAINING 

PEACE OF MIND - Discussion on organisational scope, policy, and 

processes. 

LEARN FROM YOUR DESK - Convenience of training in the office with 

minimum time away from essential tasks. 

IMPROVE TEAMWORK - Team building can increase awareness and 

understanding of organisational structure. 

AN INVESTMENT IN KNOWLEDGE 

PAYS THE BEST INTEREST.” 

BENJAMIN FRANKLIN 

UNIQUE TO YOU - Focused exclusively on your organisation’s 

requirements. 

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.

CPD SEMINARS | 

FEBRUARY- JUNE 2023 

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 

CULT IVA TE & LEAD WITH EMOTIONA L INTELLI GENCE 

EX CELLENCE IN CU STOMER S ERVICE - BEYOND TH EORY 

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

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

V IRT UAL ASSET S (CRYPT OCURRENCIES) & AML 

BASIC ANTI-MONEY LAUND ERING (AML) PROCEDURES (LEVEL I) 

HRDA APPROVED SEMINARS 

N IC O S IA 

 

 

 

 

 

 

 

 

 

 

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

FINANCIAL SERVICES REGULAT ORY FRAMEWORK - CYSEC ADVA NC ED LEV EL EXA M PREP COURSE 

INT ERNATIONAL TAX PLANNING: UNDERS TANDING T HE NOT IONAL INT EREST DEDUCTION (NID), 

T HE NEW IP REGIME & THE NEW T RANSFER PRICING PROV ISIONS 

S TRAT EGIC S KI LL S FOR A DMINIST RATIV E PROFESSI ONALS : T EAM-UP WITH YOUR BOSS 

A NTI MONEY LAUNDERIN G LEGI SLATION - A HOLISTIC A PPROA CH (LEV EL II) 

IFRS 9 FIN ANCIAL IN ST RUMENTS – REC OG NITION, MEASUREMENT & IMPA IRMENT & IFRS 13 FAI R 

V ALUE MEASUREMENT 

IFRS 15 REVENUE FROM CONTRACTS WITH CUST OMERS & IF RS 16 LEA SES 

PROCUREMEN T FRAUD: THINKING BEYOND THE OBVIOUS 

FINAN CIAL ST AT EMENT ANALYSIS 

FINAN CIAL TRANSA CTIONS & F RA UD S CHEMES 

L I M A S SOL 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

INT ERNATIONAL TAX PLANNING: UNDERS TANDING T HE NOT IONAL INT EREST DEDUCTION (NID), 

T HE NEW IP REGIME & THE NEW T RANSFER PRICING PROV ISIONS – 

A NTI MONEY LAUNDERING LEGI SLATION - A HOLISTIC A PPROA CH (LEV EL II) 

IFRS 9 FINANCIAL INST RUMENTS – REC OG NITION, MEASUREMENT & IMPA IRMENT & IFRS 13 FAI R 

V ALUE MEASUREMENT 

IFRS 15 REVENUE FROM CONTRACTS WITH CUST OMERS & IF RS 16 LEA SES 

PROCUREMENT FRAUD: THINKING BEYOND THE OBVIOUS 

O N L INE P RE- RE C O R DED C O U RSES 

PROD UC ING AND PRESENTING FINANCIAL INF ORMATI ON WIT H IMPACT 

PRESENTA TI ON S KILLS 

T ECHNOLOGY REVOLUT ION AND T HE IMPACT ON FINANCE 

BIG DAT A 

BIT COI N & BLOC KCHAIN TECH NOLOGI ES 

D EALING WIT H CHANGE 

BOOST YOUR EMOTIONAL INTELLIGENCE, BOOST YOUR CA REER 

S MART ER THI NKING, SMARTER WORKING 

A RTIFICIAL INT ELLIGENC E 

FORECASTING & B UDGET ING WITH EXCEL 

G ENERAL DATA PROT EC TION REGULA TIONS (G DPR) - DATA SECU RITY 

G ENERAL DATA PROT EC TION REGULA TIONS (G DPR) - DIRECT MARKETING

`` 

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 O N C O UR S E 

FINANCIAL SERVICES 

REGULATORY 

FRAMEWORK: CYSEC 

ADVANCED LEVEL 

32 CPD UNITS 

C OST: €845 | 

HRDA SUBSID Y: €544 | 

FIN AL C OST: €301 | 

IN STR UC TOR: SOPHIA NEARCHOU 

DATES & TIMINGS 

27/02 – 03/04 

IMPLEMENTATION DATES 

27 .02 MON 1 8:1 5 - 21 :30 

02.03 THUR 18:15 - 21:30 

06.03 MON 1 8:1 5 - 21:30 

09.03 THUR 18:15 - 2 1:30 

1 3 .0 3 M ON 1 8 : 1 5 - 21:3 0 

16 .03 THUR 18:1 5 - 21 :30 

1 8 . 0 3 S A T 9 : 0 0 – 1 2 . 1 5 

2 0.03 MON 18:15 - 2 0:30 

23.03 THUR 18:15 - 2 0:30 

2 7.03 M ON 18 :1 5 - 20 : 30 

30.03 THUR 18:15 - 20:30 

03 . 04 M ON 1 8 :1 5 - 21 : 3 0 

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. 

TOPIC S TO BE C OV ERED 

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 

Internal Auditors 

AML Compliance Officers 

Risk Managers 

LAN GUAGE OF INSTRUC T ION: ENGL ISH 

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) 


Managers 

UCITS and AIF managers 

Financial & Professional Services 

Consultants1 

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. 

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

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

`` 

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 | 

HRDA SUBSIDY: €400 | 

FINAL COST: €100 | 


01/03 – 12/04 


01.03 WED 18:00 - 21:15 

08.03 WED 18:00 - 21:15 

15.03 WED 18:00 - 21:15 

18.03 SAT 09:00 – 12.15 

22.03 WED 18:00 - 21:15 

29.03 WED 18:00 - 21:15 

05.04 WED 18:00 - 21:15 

08.04 SAT 09:00 – 12.15 

12.04 WED 18:00 - 21:15 

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. 

T OP ICS TO BE C OV ER ED 

Introduction to Fraud 

Accounting Concepts 

Financial Statement Fraud 

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 



`` 

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 

LAUNDERING (AML) 

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 | 



INSTR UC TOR: MICHALIS CHRYSOSTOMOU 


07/03 – 18/03 


07.03 TUE 18:15 - 21:30 

09.03 THUR 18:15 - 21:30 

14.03 TUE 18:15 - 21:3 0 

16.03 THUR 18:15 - 21:30 

18.03 SAT 09:00 - 13:30 

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 wellknown 

Cyprus Investment Firm and AIF director. 


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 

T ARG ET GRO UP 

UCITS/AIF Managers 

Financial Controllers 

Legal Advisors 

AML Officers 

LAN GUAGE OF INSTRUC T ION: ENGLISH 

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 


tool that is integrated on the CySEC AML Workbook and assess 

readiness of candidates to pass the CySEC AML Examination. 



`` 

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. 


23/03 

THURSDAY 

09.00-13.30 

COST: €130+VAT 

DISCOUNTS ARE 

AVAILABLE FOR MULTIPLE 

REGISTRATIONS FROM THE 

SAME ORGANIZATION 

CALL US TO FIND MORE 

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 

Client Due Diligence (CDD) 

KYC and Due Diligence for individuals 

KYC and Due Diligence for legal entities 

Simplified Due Diligence (SDD) 

Enhanced Due Diligence (EDD) 

KYC and Due Diligence for other types of entities and legal 

arrangements 

Ongoing and transaction monitoring 

TARGET GROUP 

Back-Office Employees 

Risk Management Staff 

AML Administrators 

Accountants 


External Auditors 

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

Tax Advisors 

Lawyers 

Administrators and anyone else 

involved with KYC and due diligence 

procedures 



` 

STRATEGIC SKILLS 

FOR ADMINISTRATIVE 

PROFESSIONALS: 

TEAM-UP WITH 

YOUR BOSS 

This program, designed for administrative professionals, develops key 

administration management competencies, with a specific focus on 

communication skills, improved problem solving, decision making, and 

working within a dispersed work environment. The goal is for administrative 

professionals to build trust and credibility to strengthen their relationship 

with their boss and increase their effectiveness as to become an effective 

resource for peak performance within their organization. 

This administrative skills training course combines proven-by-practice 

methods with new insights and ideas that will improve delegates’ 

collaboration with their boss. Delegates will gain a wider perspective of 

their role through gamification and practical exercises. 


DATES & VENUE 

N IC O S I A 

21/03 

TUESDAY 

8.00-1 6.00 


HRDA SUBSIDY: €84 

FINAL COST: €70.70 

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 oversaw marketing and communications at EY Cyprus until 2008. 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 held the role of the CEO of the Ronald McDonald House Charities of Cyprus 

until 2022. Andrie is a Certified trainer by the Human Resource Development 

Authority of Cyprus. Her areas of expertise include Communication, Marketing, 

Customer Experience, Personal Branding, Public Speaking, Media Training, 

Management Skills, and Leadership. 

T OPIC S TO BE COV E RED 

Taking a Leadership Mindset 

Thinking & communicating more proactively with an executive frame of 

mind 

Developing an organizational mindset to improve your relationships with 

your boss and upper management 

Understanding Your Boss (and Yourself) 

Identify Your Own Behavioral Style Preferences 

Identify Your Boss’ Behavioral Style & Build a Better Working Relationship 

Identify How to Build Trust with Each Type of Behavioral Style and Make a 

Trust-Building Plan to Incorporate with Your Boss 

Anticipating your Boss’s needs with good Communication skills 

Barriers to Effective Communications 

Strategies for Improving Communications with “Difficult” People 

The Powerful Influence of ‘Body Language’: Speaking without Words 

Getting Your Point Across: Know What to Say and When to Say It 

Competencies and Time Management 

Team Working 

Managing Upwards 

Working Effectively as Part of a Team 

T ARG ET GR OUP 

This training course is designed for Executive/Management Secretaries, 

Executive Assistants and PA’s, Secretaries, Administrative Assistants, Office 

Assistants & Administrators, Senior Administrative Support Staff, Project / 

Team Assistants. 




`` 

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 



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 | 



INSTR UC TOR: MICHALIS CHRYSOSTOMOU 


25/04 – 16/05 


25.04 TUE 18:15 - 21:30 

02.05 TUE 18:15 - 21:30 

06.05 SAT 09:00 - 13:30 

09.05 TUE 18:15 - 21:30 

16.05 TUE 18:15 - 21:30 

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 wellknown 

Cyprus Investment Firm and AIF director. 


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: ENGLISH 

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 employees in Banks 

& any other regulated entity 


tool that is integrated on the CySEC AML Workbook and assess 

readiness of candidates to pass the CySEC AML Examination. 



`` 

ANTI-MONEY 


LEGISLATION – A 

HOLISTIC APPROACH 

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 

NICOSIA 

28/04 

FRIDAY 

9.00-16.00 



FINAL COST: €124 .10 


















TOPIC S T O BE C OV ER ED 

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 


DATES & VENUE 

LIMASSOL 

11/05 

THURSDAY 

9.00-17.00 

COST: €19 0+VAT 



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

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

COMPLIANCE & TAX 

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. 

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 also 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 (BSc Accounting and Finance). 

Worked for a number of years 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. 

Participated in several professional training courses and gained substantial 

experience related to his fields of expertise. 

 

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. 

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: 

Brief history of Transfer Pricing in Cyprus 

Why there is a need for Transfer Pricing legislation. 

Relevant aamendments & additions to the Cyprus tax laws 

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 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. 

Abolition of Interpretative Tax Circular 3 as from 01/01/2022 

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 


Tel: 25867500 | Email: SPSLimassol@cycollege.ac.cy

`` 

DATES & VENUE 

NICOSIA 

16/05 

TUESDAY 

9.00-17.00 

COST: €19 0+VAT 



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

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

COMPLIANCE & TAX 

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. 

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 also 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 (BSc Accounting and Finance). 

Worked for a number of years 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. 

Participated in several professional training courses and gained substantial 

experience related to his fields of expertise. 

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. 

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: 

Brief history of Transfer Pricing in Cyprus 

Why there is a need for Transfer Pricing legislation. 

Relevant aamendments & additions to the Cyprus tax laws. 

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 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. 

LA NG UAGE OF INSTR UCT ION: E NGLISH 


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. 

Abolition of Interpretative Tax Circular 3 as from 01/01/2022 

TARGET GR O UP 

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. 



`` 

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 O N C O UR S E 

FINANCIAL SERVICES 

REGULATORY 

FRAMEWORK: CYSEC 

ADVANCED LEVEL 


As per EU Directives, professionals wishing to provide Investment 



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 | 


03/05 – 03/06 


03.05 W ED 18:15 - 21:30 

08.05 MON 1 8:15 - 21 :30 

1 0.05 WED 1 8 : 1 5 - 2 1 : 30 

1 5 .05 MON 1 8 : 1 5 - 21:30 

1 7 .05 WED 1 8 : 1 5 - 21:30 

22.05 MON 1 8:15 - 2 1 :30 

24.05 W ED 1 8:15 - 2 1 :30 

29.05 MON 1 8:15 - 2 1 :30 

3 1 .05 W E D 1 8: 1 5 - 2 1 : 30 

03. 06 SA T 09.0 0 - 14:30 

IN STR UC TOR: KONSTANTINOS MICHAELIDES (BENG, MBA, ACA) 

Konstantinos Michaelides currently leads the Compliance Function of Flashpoint 

Venture Capital. In the past, Konstantinos worked with Arthur Andersen and BDO in 

Audit Departments and held a number of Finance and Accounting Head in 

multinational and listed organizations like Coca Cola Hellenic and P&G. He has 

extensive experience in streamlining Finance functions, reorganizations, and debt 

restructuring. Konstantinos has demonstrated unique teaching abilities in University 

and Finance Industry courses integrating theory with practical life examples to 

trigger students' interest. He is a CySEC Advanced, Basic & AML Examination tutor 

for Fund Industry professionals and a Chartered Accountant, member of ICAEW and 

ICPAC. 


Investment Services Law 2017 


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) 


Managers 

UCITS and AIF managers 

Financial & Professional Services 

Consultants1 


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

assess readiness of candidates to pass the CySEC Advanced Revised 

Examination. 



`` 

ANTI-MONEY 


LEGISLATION – A 

HOLISTIC APPROACH 







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 

05/05 

FRIDAY 

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 




`` 

IFRS 9 FINANCIAL 

INSTRUMENTS – 

RECOGNITION, 

MEASUREMENT & 

IMPAIRMENT & 

IFRS 13 FAIR VALUE 

MEASUREMENT 


International Financial Reporting Standards are the 

principles/standards used globally by accountants and auditors to 

prepare and audit the financial statements of both private and public 

companies. In the context of Continuous Professional Development, 

accountants and auditors are required to have deep knowledge and 

understanding of these standards in order to respond to the current 

professional environment and demands. Both IFRS 9 and IFRS 13 

affect the majority of companies’ financial statements. The aim of this 

course is to provide an overview of the main principles and technical 

issues needed for the purposes of the appropriate application of both 

IFRSs. 


NICOSIA 

17/05 

WEDNESDAY 

9.00-16.00 




INSTR UC TOR: CHRISTOS PATZINAKOS BSC, ACA 

Christos is a qualified Chartered Accountant and holds a bachelor's degree in 

Accounting and Finance from the University of Warwick. He was employed for 10 

years in the Auditing – Assurance Services Department in one of the Big Four 

accounting firms of Cyprus, where he held the position of the Senior Manager. His 

duties included the handling of a broad portfolio of clients in the banking, 

investment management and financial services sector. Christos was also involved 

in advisory and consulting projects in the banking industry. He was an active 

member of the Learning and Education team of the firm, participating as an 

instructor for internal training programs focusing on audit methodology and the 

development of soft skills. Between May 2015 and May 2019, Christos held the 

position of CFO for the biggest card acquirer and processor of Cyprus, while also 

acting as the Company Secretary and Secretary of the Board of Directors. Christos 

is an experienced and highly qualified tutor delivering with great success the 

ICAEW - Business Planning Banking and Financial Management papers as well as 

the ACCA -Financial Reporting and Advanced Audit & Assurance papers. 


IFRS 9 Financial Instruments - Recognition and initial measurement 

Overview of the classification in different categories for 

financial assets and financial liabilities 

Apply the principles of the initial measurement of financial 

assets and liabilities 

IFRS 9 Financial Instruments - Subsequent measurement 

Overview of the accounting treatment for the subsequent 

measurement of the different categories of financial assets and 

liabilities 

IFRS 9 Financial instruments - Impairment 

Scope, approach and 3 stages of impairment model 

IFRS 13 Fair Value Measurement 

Fair Value – 3 Level hierarchy 


The seminar is primarily addressed to Chief Financial Officers, Financial 

Controllers, Chief Accountants, Accountants, Auditors in the profession 

or industry. It is also relevant and appropriate to any individual having 

an active role in preparing, analyzing and presenting financial 

statements. 




`` 

PROCUREMENT 

FRAUD: THINKING 

BEYOND THE 

OBVIOUS 


Procurement Fraud comes in many forms and can increase the cost of 

procurement by an additional staggering amount of 10%. Consequently, 

this additional cost will create problems with the project’s budget and 

have important financial and other implications for an organization. 

Other critical implications consist of Reputational damage and Health 

and Safety issues. Therefore, it is universally accepted that combating 

procurement fraud is vital because of the devastating impact it can 

have on organizations. 

Enhancing fraud awareness and introducing effective preventative and 

detective measures are necessary tools in successfully combating 

procurement fraud and avoiding significant financial losses. For private 

companies, successfully addressing procurement fraud can increase 

profits and for governments minimizing the risk of procurement fraud 

can effectively enhance its reputation and improve its public services 

thus attracting more foreign investment as it will become a more 

attractive destination. 

DATES & VENUE 

L IM AS S O L 

17/05 

WEDNESDAY 

9.00-17.00 



FINAL COST: €107.1 0 

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















What is Procurement Fraud 

Procurement Fraud Triangle 

Procurement Methods & Process 

Collusion among Contractors 

Analysis of Schemes 

Warning signs 

Collusion Between Contractors and 

Employees 

How perpetrators can commit 

procurement fraud 

Ways to identify 

Defective Pricing Schemes 

Analysis of Schemes & Red flags 

Analysis of Case Studies 

(Public/Private Sector) 


• Internal & External Auditors 

• Accountants 

• Procurement Officers 

• Lawyers 

• Risk Managers & Compliance Officers 

• Chief Operating Officers & Financial Controllers 

• Executive Management 

LAN G UAGE OF IN STRUCT ION : ENGL ISH 

Performance Schemes 



Tel: 25867500 | Email: SPSLimassol@cycollege.ac.cy 

 

How to identify 

performance schemes 

Prevention Measures 

Training & Effective Internal 

Control System 

 

Monitoring & Third-Party 

Risk Management 

Real Cases 


(Public/Private Sector)

`` 

FINANCIAL 

STATEMENT 

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 | 




22/05 – 14/06 


2 2 .0 5 M O N 18 :15 - 21: 15 

24. 05 WED 18:15 - 21:15 

29. 05 MON 18:15 - 21:15 

31. 05 W ED 18:15 - 21:15 

07 . 06 WED 1 8 :15 - 2 1 : 15 

1 2 . 0 6 M O N 1 8 : 1 5 - 2 1 : 1 5 

1 4 . 0 6 WED 1 8 :15 - 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. 

T OP ICS TO BE C OV ER ED 

Introduction to Financial Statement 

Analysis 

Financial Reporting Standards 

Understanding Income Statements 

Understanding Balance Sheets 

Understanding Cash Flow 

Statements 

Financial Analysis Techniques 

Inventories 

TARGET GR OUP 

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. 


Long-Lived Assets 

Income Taxes 

Non-Current (Long-Term) 

Liabilities 

Financial Reporting Quality 

Financial Statement Analysis: 

Applications 

Financial Reporting Mechanics 



`` 

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. 


23/0 5 

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. 



`` 

IFRS 9 FINANCIAL 

INSTRUMENTS – 

RECOGNITION, 

MEASUREMENT & 

IMPAIRMENT & 

IFRS 13 FAIR VALUE 

MEASUREMENT 












IFRSs. 


LIMASSOL 

23/05 

TUESDAY 

9.00-16.00 




INST RUC T OR: CHRISTOS PATZINAKOS BSC, ACA 

Christos is a qualified chartered accountant and holds a Bachelors’ degree in 

Accounting and Finance from the University of Warwick. Christos was employed for 

10 years in the Auditing – Assurance Services Department in one of the Big Four 

accounting firms of Cyprus. His duties included the handing of a broad portfolio of 

clients in the banking, investment management and financial services sector. He 

was also involved in advisory and consulting projects in the banking industry. He 

was an active member of the Learning and Education team of the firm, participating 

as an instructor for internal training programs focusing on audit methodology and 

the development of soft skills. Between May 2015 to May 2019, Christos held the 

position of CFO for the biggest card acquirer and processor of Cyprus (JCC Payment 

Systems Ltd). He was also acting as the Company Secretary and secretary of the 

Board of Directors. As of July 2017 Christos was also delivering the ACCA Advanced 

Audit and Assurance course with great success at the School of Professional 

Studies. As of May 2019, he joined the School of Professional Studies as a full-time 

tutor, delivering both ICAEW courses and ACCA courses. Christos has also delivered 

tailor made technical seminars (Audit related, Ethics and Regulatory matters) to 

accounting firms. 


IFRS 9 Financial Instruments - Recognition and initial 

measurement 

Overview of the classification in different categories for 

financial assets and financial liabilities 

Apply the principles of the initial measurement of financial 

assets and liabilities 

IFRS 9 Financial Instruments - Subsequent measurement 

Overview of the accounting treatment for the subsequent 

measurement of the different categories of financial assets 

and liabilities 

IFRS 9 Financial instruments - Impairment 

Scope, approach and 3 stages of impairment model 

IFRS 13 Fair Value Measurement 

Fair Value – 3 Level hierarchy 

TARG ET GROUP 




an active role in preparing, analyzing, and presenting financial 

statements. 


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

25867500 | Email: SPSLimassol@cycollege.ac.cy

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. 

`` 



26/05 

FRIDAY 

18.00- 21.15 

C OST: €110+ VA T 

DISCOUNTS ARE 


REGISTRATIONS FROM THE SAME 

ORGANIZATION 

CALL US TO FIND MORE! 


















TOP IC S T O BE COV ER ED 

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 

T ARGET GRO UP 

Virtual Asset Service Providers 


Compliance officers 

Auditors 


Accountants 

Lawyers 

Fund Managers 

Bank employees 

Tax advisors 

LAN GUAGE OF INSTR UC T ION: ENGL ISH 



` 

EFFECTIVE 

COMMUNICATION 

SKILLS FOR 

MANAGERS & 

SUPERVISORS 

Communication is vital to management. Whether working for a 

manufacturer, restaurant, service firm, hospital, or software developer, 

somewhere between 70-90% of a manager's time is spent communicating. 

Organizational decisions are highly dependent on the quality and quantity 

of information being exchanged. Poor or incomplete information can 

negatively impact a manager's ability to successfully make decisions. 


This training course helps managerial employees and supervisors better 

understand the importance of communication skills in management and 

improve their own communication skills. The session assists participants 

in developing the confidence and competence they need to communicate 

with ease, influence others to achieve desired results, and have a lasting 

impact on the people around them. 

DATES & VENUE 

N IC O S I A 

30/05 

TUESDAY 

9.00-17.00 




N STR UC TOR: ANDRIE PENTA (BA (HONS), MSC, CIM, AICI) 


















Management Skills and Leadership. 


Taking a Leadership Mindset 

Communication Skills for Leaders 

Adapting to different communication styles 

Active Listening 

Transparency-a culture of speaking openly 

Clarity in communicating responsibilities 

Empathy 

Giving and Receiving Feedback: The Risks and the Benefits 

Communication Barriers 

Communicating effectively is easier said than done 

Common types of communication barriers 

Strategies for Improving communications with “Difficult” People 

Developing Communication Skills 

The Powerful Influence of ‘Body Language’: Speaking without Words 

Getting Your Point Across: Know What to Say and When to Say It 

How do Leaders Develop Communication Skills? 

The three components that leaders should focus on 

Finding a voice and being yourself 

Being genuine and authentic 

T ARG E T G R OU P 

This seminar is ideal for Managers, Organizational/Team Leaders, 

Supervisors, Rising Managers & Supervisors, Executives and anyone leading 

other people. 




`` 

CULTIVATE & LEAD 

WITH EMOTIONAL 

INTELLIGENCE 


We are living through a period of extraordinary uncertainty—about our 

physical safety, our economic security, and the daily conditions in 

which we are operating. One consequence: an undercurrent of 

emotional disturbance characterized by rising levels of anxiety, 

depression, fear, and stress. This course provides how to confront 

these challenges on an individual level, to support a wide crosssection 

of people, all of whom have their own range of experiences, 

emotions, and resources for responding. With hands-on approach, you 

will also cover Empathy in your communication, to promote strong 

workplace relationships and apply emotionally intelligent Listening, 

Supporting and Questioning Skills to Coaching. 


NICOSIA 

02/06 

FRIDAY 

9.00-16.00 


DISCOUNTS ARE 


REGISTRATIONS FROM THE 



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. 


Emotional Intelligence 

The Core of Emotional Intelligence – Five Components 

• Self-Awareness 

• Self-Management 

• Social Awareness 

• Empathy 

• Relationship Management 

Emotional Intelligence Process 

Improving Your Emotional Intelligence 

Use Emotional Intelligence in Coaching 

Why Coaching is Important 

Setting the Stage 

Levels of Listening 

Exploratory Questions 

Building Rapport 

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 & 

Team Leaders. 




`` 

IFRS 15 REVENUE 

FROM CONTRACTS 

WITH CUSTOMERS 

& IFRS 16 LEASES 












IFRSs. 


NICOSIA 

08/06 

THURSDAY 

9.00-16.00 




IN STR UC TOR: CHRISTOS PATZINAKOS BSC, ACA 

Christos is a qualified chartered accountant and holds a Bachelors’ degree in 

Accounting and Finance from the University of Warwick. Christos was employed 

for 10 years in the Auditing – Assurance Services Department in one of the Big Four 

accounting firms of Cyprus. His duties included the handing of a broad portfolio of 

clients in the banking, investment management and financial services sector. He 

was also involved in advisory and consulting projects in the banking industry. He 

was an active member of the Learning and Education team of the firm, participating 

as an instructor for internal training programs focusing on audit methodology and 

the development of soft skills. Between May 2015 to May 2019, Christos held the 

position of CFO for the biggest card acquirer and processor of Cyprus (JCC Payment 

Systems Ltd). He was also acting as the Company Secretary and secretary of the 

Board of Directors. As of July 2017 Christos was also delivering the ACCA Advanced 

Audit and Assurance course with great success at the School of Professional 

Studies. As of May 2019, he joined the School of Professional Studies as a full-time 

tutor, delivering both ICAEW courses and ACCA courses. Christos has also delivered 

tailor made technical seminars (Audit related, Ethics and Regulatory matters) to 

accounting firms. 


IFRS 15 Revenues from Contracts with customers 

Overview and analysis of the 5 steps to recognition of revenue 

Practical application of common types of transactions 



Overview of the satisfaction of performance obligation over time 

- Construction contracts 

IFRS 16 Leases 

Overview of the process of identifying a lease under IFRS 16 

Recognition exemptions 

Initial recognition and subsequent measurement of lease liability 

Accounting for the right-of-use of asset 






statements. 




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 



09/06 

FRIDAY 

18.00- 21.15 

C OST: €110+ VA T 

DISCOUNTS ARE 



ORGANIZATION 



















TOP IC S T O BE COV ER ED 

Defining Sanctions 

The international context of sanctions 

Sanctions compliance obligations 

Screening of customers and transactions 

Reporting matches and breaches of the sanction’s regime 

Sanctions evasion techniques 

Sanctions related red flags 

Assessment 

T ARGET GRO UP 


Auditors 


Accountants 

Lawyers 

Fund Managers 

LAN GUAGE OF INSTR UC T ION: ENGL ISH 



Tax advisors 

Real Estate Agents 

Art dealers 

Virtual Asset Service Providers 



`` 

IFRS 15 REVENUE 

FROM CONTRACTS 

WITH CUSTOMERS 

& IFRS 16 LEASES 












IFRSs. 


LIMASSOL 

13/06 

TUESDAY 

9.00-16.00 




INSTR UC TOR: CHRISTOS PATZINAKOS BSC, ACA 

Christos is a qualified Chartered Accountant and holds a bachelor's degree in 

Accounting and Finance from the University of Warwick. He was employed for 10 

years in the Auditing – Assurance Services Department in one of the Big Four 

accounting firms of Cyprus, where he held the position of the Senior Manager. His 

duties included the handling of a broad portfolio of clients in the banking, 

investment management and financial services sector. Christos was also involved 

in advisory and consulting projects in the banking industry. He was an active 

member of the Learning and Education team of the firm, participating as an 

instructor for internal training programs focusing on audit methodology and the 

development of soft skills. Between May 2015 and May 2019, Christos held the 

position of CFO for the biggest card acquirer and processor of Cyprus, while also 

acting as the Company Secretary and Secretary of the Board of Directors. Christos 

is an experienced and highly qualified tutor delivering with great success the 

ICAEW - Business Planning Banking and Financial Management papers as well as 

the ACCA -Financial Reporting and Advanced Audit & Assurance papers. 



Overview and analysis of the 5 steps to recognition of revenue 




Overview of the satisfaction of performance obligation over time 

- Construction contracts 

IFRS 16 Leases 

Overview of the process of identifying a lease under IFRS 16 

Recognition exemptions 

Initial recognition and subsequent measurement of lease liability 

Accounting for the right-of-use of asset 






statements. 




` 

EXCELLENCE IN 

CUSTOMER SERVICE - 

BEYOND THEORY 

Customer service excellence is an integral component of business 

growth. Organizations must commit to a high-quality service culture and 

recognize the customer service team’s responsibility in maintaining and 

improving position in sales efforts. The strong relationship between a 

business’ customer service team and the business’ success has long been 

established. Improving this essential skill not only builds customer 

satisfaction, but also helps to retain loyal customers and expand the level 

of repeat clients. 


Having a customer service team that understands your customers and 

their problems and knows how to relate to customers in a way that builds 

trust will ultimately help your organization increase sales and establish 

a culture of service excellence. 

DATES & VENUE 

N IC O S I A 

15/06 

THURSDAY 

9.00-16.00 


DISCOUNTS ARE AVAILABLE FOR 

MULTIPLE REGISTRATIONS FROM THE 


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


















Management Skills, and Leadership. 


Understanding the Customer 

What is the profile of today's customer? 

Segmenting and understanding the various types of clients that call-in for 

service 

Customer-centricity during service delivery 

Quality Telephone Customer Service 

New customers vs Returning customers 

Tailoring the customer service provision 

The good, the bad and the ugly service 

How to show that you care 

Customer Dissatisfaction 

Meeting Customer Expectations 

What gets in the way of meeting or exceeding customer expectations? 

Why do customers stop coming back? 

Customer evaluation service quality points 

Better Service Through Advanced Communication 

Problem and Complaint Handling 

Turning a Customer Complaint into a Positive Experience 


This training course is designed for Sales and Marketing professionals, 

Customer services professionals and anyone in an organization dealing with 

customers. 




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. 

`` 



16/06 

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 


Auditors 


Accountants 

Lawyers 

Fund Managers 



Tax advisors 




`` 

PROCUREMENT 

FRAUD: THINKING 

BEYOND THE 

OBVIOUS 


Procurement Fraud comes in many forms and can increase the cost of 

procurement by an additional staggering amount of 10%. Consequently, 

this additional cost will create problems with the project’s budget and 

have important financial and other implications for an organization. 

Other critical implications consist of Reputational damage and Health 

and Safety issues. Therefore, it is universally accepted that combating 

procurement fraud is vital because of the devastating impact it can 

have on organizations. 

Enhancing fraud awareness and introducing effective preventative and 

detective measures are necessary tools in successfully combating 

procurement fraud and avoiding significant financial losses. For private 

companies, successfully addressing procurement fraud can increase 

profits and for governments minimizing the risk of procurement fraud 

can effectively enhance its reputation and improve its public services 

thus attracting more foreign investment as it will become a more 

attractive destination. 

DATES & VENUE 

N IC O S IA 

20/06 

TUESDAY 

9.00-17.00 



FINAL COST: €107.1 0 

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















What is Procurement Fraud 

Procurement Fraud Triangle 

Procurement Methods & Process 

Collusion among Contractors 


Warning signs 

Collusion Between Contractors and 

Employees 

How perpetrators can commit 

procurement fraud 

Ways to identify 

Defective Pricing Schemes 

Analysis of Schemes & Red flags 




• Internal & External Auditors 

• Accountants 

• Procurement Officers 

• Lawyers 

• Risk Managers & Compliance Officers 

• Chief Operating Officers & Financial Controllers 

• Executive Management 

LAN G UAGE OF IN STRUCT ION : ENGL ISH 

Performance Schemes 


How to identify 

performance schemes 

Prevention Measures 

Training & Effective Internal 

Control System 

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

 

Monitoring & Third-Party 

Risk Management 

Real Cases 



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

`` 

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. 

AVAILABLE TITLES 

PRESENTATION SKILLS | CPD POINTS 1.5 | €40+VAT 

Do you feel daunted at the thought of giving a presentation? Are you confused 

about how to begin to put a presentation together, let alone deliver it? Do you 

wish that you could create and present an elegant, compelling and influential 

message easily and seemingly effortlessly? If the answer to one or more of 

these questions is yes, then this highly practical and results-focused course is 

for you and will increase your confidence and ability. 

TECHNOLOGY REVOLUTION AND THE IMPACT ON FINANCE | CPD POINTS 1 | 

€30+VAT 

We are witnessing an acceleration in the pace of technological changes. The 

revolution driven by new tools such as robotic process automation, intelligent 

search, visualisation, big data, and business analytics has the potential to 

impact the scope and skill sets of the finance manager’s role. This online 

course will provide a bite-sized explanation of the concepts and will reflect on 

the shape of a future finance function role. 

PRODUCING & PRESENTING FINANCIAL INFORMATION WITH IMPACT | 

CPD POINTS 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. 

DEALING WITH CHANGE | CPD POINTS 1 | €30+VAT 

Change is inevitable. Disruptive technologies, globalization, everincreasing 

competition, and uncertainties in the political and economic 

contexts all result in change upon change to the organisations in which 

we work. It is quite natural to fear change and to want to cling on to the 

security of the status quo – change can be difficult and stressful, and it 

can cause us a lot of anxiety. But it doesn’t need to be that way. Change 

can also bring opportunities of which we can take advantage: progress 

and growth on individual, organisational and societal levels all come from 

change. This course looks at positive responses to change so that the 

individual and the organisation can prosper through change and use it to 

their advantage. 

BOOST YOUR EMOTIONAL INTELLIGENCE, BOOST YOUR CAREER | 

CPD POINTS 1 | €30+VAT 

Emotional intelligence (EI) is nowadays recognized as being as important 

as IQ. Understanding what EI is and utilizing emotional intelligence in the 

workplace can play a large part in career success. This course explores 

various aspects of emotional intelligence and explains how you can apply 

EI to your own particular circumstances. 

FOR BOOKING : 

Call us at 22713230 or email us at SPSNicosia@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.

`` 


ON DEMAND 













BIG DATA | CPD POINTS 1.5 | €40+VAT 

The world of business is being transformed by a data revolution. We now have 

access to unprecedented volumes of data. Never before in history have 

companies collected and had access to more data. And never before have we 

had the ability to analyse it to gain new insights and completive advantages. 

What’s more, we are only at the beginning of this revolution. Data volumes are 

growing at exponential rates – just think of all the internet transactions, 

searches, social media conversations, YouTube videos, etc. This offers new 

opportunities and challenges for every business. Would you like to understand 

this data revolution and the benefits it could bring you and your company? 

Would you like to learn how leading companies – big and small, private, and 

public – are leveraging big data to deliver business benefits? 

BITCOIN & BLOCKCHAIN TECHNOLOGIES | CPD POINTS 1 | €30+VAT 

A new world of cryptocurrency is seeing exponential growth, causing a turn in 

the economy as well as presenting new challenges in the way we do business. 

While there are around 1600 types of cryptocurrencies available over the 

internet, it is Bitcoin that has experienced the fiercest value fluctuation of all. 

Meanwhile, an accidental discovery has led to much hype around the 

formations of a decentralised digital ledger, a new and exciting technology that 

we now call Blockchain. This has sparked a global debate as to whether this 

new way of recording transactions could be the solution we have been 

searching for, in bridging the gap with data protection, digital security and 

authentication. Many organisations and research facilities already have a 

taste for the types of answers to digital problems that this new technology 

could bring. 

ARTIFICIAL INTELLIGENCE | CPD POINTS 1 | €30+VAT 

From Siri to self-driving cars, AI (Artificial Intelligence) is progressing 

rapidly. More will change in the next two decades than in the past 200 

years. A captivating conversation is taking place about the future of AI and 

what it could mean for humanity. Fascinating controversies where the 

world’s leading experts disagree, e.g.: AI’s impact on the job market: 

whether it will lead to an intelligence explosion; and whether it’s 

something we should welcome or fear. But there are also many cases of 

pseudo-controversies caused by people misunderstanding and talking 

past each other. To help focus on the interesting controversies and open 

questions, not on the misunderstandings, we attempt to clear up some of 

the most common myths. This informative course will benefit anyone who 

is interested in an overview of the evolution and progression of AI in 

today’s world, and how it is poised to disrupt the way we work. 

SMARTER THINKING, SMARTER WORKING | CPD POINTS 1 | €30+VAT 

Accountants and other managers wanting to know how to use both halves 

of their brain to get more from it, think both logically and strategically, 

and keep one step ahead of colleagues. 

FOR BOOKING : 

Call us at 22713230 or email us at SPSNicosia@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.

`` 


ON DEMAND 













FOREC ASTING & B UDG E T ING WI T H EXC EL | CPD POI NT S 1 | €3 0 +VA T 

The course covers an insight into powerful and effective trending techniques 

for forecasting and budgeting and includes industry-standard Excel models 

which can be applied with any business data easily. 

GE NER A L DATA PR OT EC TI O N R EG ULA TI O NS (G D PR ) - DA T A SECURI T Y | 

CPD PO INTS 1 .5 | €4 0 + VA T 

This course summarises the key provisions of the General Data Protection with 

regards to security. It explains what the key changes are and what needs to be 

done in response to them. 

GE NER A L D ATA PR OTEC T ION R EG ULA TI O NS (GDPR) - DI R EC T 

M A RKETI NG | CPD POI NT S 1 .5 | €40+VAT 

This course summarises the key provisions of the General Data Protection 

Regulation and the Privacy and Electronic Communications Regulations 2003 

with regards to direct marketing and explains how organisations can comply 

with their key provisions. It also includes a brief summary of the key content 

of the draft Regulation on Privacy and Electronic Communications Regulation. 

FOR BOOKING : 

Call us at 22713230 or email us at SPSNicosia@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.

Registration Form 

Fax back now on: +(357) 22 660257 or email at SPSNicosia@cycollege.ac.cy 

to reserve your place. 

Seminar Details 

Seminar Title: 

–––––––––––––––––––––––––––––––––––– 

Seminar Date(s): ––––––––––––––––––––––––––––––––––––– 

Town: NICOSIA LIMASSOL ONLINE 

Delegate 1 Details 

Title: Mr. Mrs. Ms. Dr 

Full Name: ––––––––––––––––––––––––––––––––––––– 

Job Title: ––––––––––––––––––––––––––––––––––––– 

Telephone: –––––––––––––––– Mobile: –––––––––––––––– 

Fax: ––––––––––––––––––––––––––––––––––––– 

Email: ––––––––––––––––––––––––––––––––––––– 

HRDA Eligibility (if applicable to the course) 

YES NO 

Incentives to participate in the program 

Ensure opportunities of permanent competence growth 

Development of managerial competence in the company 

Pursue comprehensive career plans 

Meet the goals and needs of the company 

Personal development 

Other (please specify) 

––––––––––––––––––––––––––––––– 

–––––––––––––––––––––––––––––––––––––––––––––––––––– 

Payment Details 

Delegate 2 Details 

Please invoice my company 

Title: Mr. Mrs. Ms. Dr I enclose a cheque payable to European University- Cyprus Ltd 

Full Name: 

Job Title: 

Telephone : 

Fax: 

––––––––––––––––––––––––––––––––––––– 

––––––––––––––––––––––––––––––––––––– 

–––––––––––––––– Mobile: –––––––––––––––– 

––––––––––––––––––––––––––––––––––––– 

Email: ––––––––––––––––––––––––––––––––––––– 

Company Details 

Name: ––––––––––––––––––––––––––––––––––––– 

Address: ––––––––––––––––––––––––––––––––––––– 

––––––––––––––––––––––––––––––––––––– 

Town: ––––––––––––––– Postcode: –––––––––––––– 

Telephone: ––––––––––––––––––––––––––––––––––––– 

Contact Person: ––––––––––––––––––––––––––––––––––––– 

Job Title: ––––––––––––––––––––––––––––––––––––– 

Telephone: ––––––––––––––––––––––––––––––––––––– 

Email: ––––––––––––––––––––––––––––––––––––– 

Signature: –––––––––––––––––––––– Date: –––––––––– 

Statement of Consent 

I wish to pay by: 

VISA Mastercard Bank Transfer 

Terms & Conditions 

Bookings 

Can be made by fax, post, email or online and are regarded as confirmed 

bookings when made. You will receive confirmation of your registration in 

approximately two business days. If you don’t receive confirmation, please 

email SPSNicosia@cycollege.ac.cy 

Cancellations 

Written notification of cancellation of the seminar booking within three business 

days (inclusive) of the course/workshop start date, or failure to attend the 

seminar/workshop without prior written notification, will be subject to a 100% 

cancellation charge. The full seminar/workshop fee must be paid immediately. 

If payment has already been made no refund of fee is due. 

Payments 

Fees must be paid in full no later than five business days prior to the start date 

of the seminar/workshop or immediately for late bookings. Settlement of the 

invoice is only deemed to have happened when the full amount has been paid 

and cleared. 

Cancellation of seminar/workshop 

Cyprus College reserves the right to amend seminar/workshop times or dates or 

to cancel any seminar/workshop due to low enrollment, or any other reason 

making it practically inadvisable to contact the event. 

1. The information you provide on this form will be processed by the EUROPEAN UNIVERSITY CYPRUS and its affiliated companies – which includes the S P 

S Institute of Education Ltd (hereinafter all together the “Company”) and will be processed in accordance with the Company’s privacy policy. The information 

will be processed by: 

a. the Company for the purpose of communicating with you and/or informing you in relation to the aforesaid programs of study for which you have hereby 

expressed your interest (hereafter the “Admission Purpose”), 

and/or 

b. research companies with which the Company cooperates (hereinafter the “Research Company”) for the purpose of (i) conducting a research, on behalf 

of the Company (hereafter the “Survey Purpose”) and (ii) communicating with you, either by post, telephone, email or any other way, regarding any 

information relating to the Survey Purpose (provided you have positively opt-in herein below). 

2. I acknowledge that in the event that I, the applicant, do not wish to be contacted further by the Company and/or the Research Company, I may at any time 

inform the Company and/or the Research Company in accordance with the available communication methods. 

3. For the avoidance of any doubt, the following apply: - 

I. Any information and data provided herein by the applicant to the Company and which will be used, either directly or indirectly, by the Company and/or 

the Research Company for the performance of the Admission Purpose and/or the Survey Purpose (as the case may be), shall at all times be identified, 

clearly marked and recorded by the Company and/or the Research Company as the personal data of the applicant.

i. All personal data acquired from the applicant pursuant to this form shall be solely used by the Company and/or the Research Company for the 

performance of the Admission Purpose and/or the Survey Purpose (as the case may be) and shall not be further processed or disclosed to any third 

party, without the consent of the applicant unless this is required and/or allowed pursuant to the provisions of the Regulation (EU) 2016/679 on the 

Protection of Personal Data and/or the provisions of the applicable local legislation in relation to the protection of personal data (as amended from time 

to time) and/or the provisions of any other applicable legislation. 

ii. 

The applicant has been notified of his/her rights in relation to his/her data contained herein. The aforesaid rights are outlined analytically in the Privacy 

Notice of the Company which is also available at https://euc.ac.cy/en/privacy-notice-gdpr and upon request. For the avoidance of any doubt the 

applicant hereby confirms that the applicant is fully aware of his/her rights in relation to his/her data contained herein. 

4. ONLINE TEACHING AND LEARNING/USE OF ONLINE PLATFORMS 

The applicant understands and agrees to the following: 

a) For students registered in Distance Learning Programs of study: all classes and other sessions will be conducted online and the same may apply to all 

examinations. 

b) For students of Conventional and all other Programs of Study: classes, examinations and other sessions may be conducted online, as may be 

considered appropriate by the University. 

Furthermore, the applicant agrees to the terms and conditions of BPP Professional Education, the provider of ready-made online courses. A copy of the BPP 

Professional Education terms and conditions is available at https://bppassets.s3-eu-west-1.amazonaws.com/public/assets/pdf/termsconditions/ECR+(and+OCR)+Terms.pdf 

The applicant has read the University’s detailed notice on “Online Teaching and Learning -Personal Data”, which describes how and for what purposes 

student personal data are processed in the context of online teaching and learning available at https://sps.cycollege.ac.cy/easyconsole.cfm/id/1711. 

I consent to receiving marketing information (by email, phone, text, or other ways) concerning other programs of study or other activities and other news 

and services offered by the Company. 

I consent to the processing of my personal information by Research Companies as specified above. 

Full Name________________________________ Signature___________________________________ 

Date: ________________________________

ONLINE PRE-RECORDED COURSES 

REGISTRATION FORM 

School of Professional Studies 

OCR COURSE NAME 

Please select the course you want to enroll 

PRODUCI NG A ND PRES ENTING FIN ANCIAL INF ORMAT ION WIT H 

IMPACT 

PRESEN TA TION SKILLS 

TECHNOLOGY REVOLUT ION AN D IT S IMPA CT ON FINANCE 

BIG DATA 

BIT COIN & BLOC KCHAIN TECH NOLOGI ES 

DEALING WIT H CHA NGE 

BOOST YOUR EM OTIONAL INTELLIGENCE, BOOST YOUR CA REER 

SM ART ER THINKI NG, SMART ER WORKING 

ART IFICIAL INT ELLIGENC E 

FORECA STING & BUDGET ING WITH EXCEL 

GENERAL DA TA PROTEC TION REGU LA TIONS (G DPR) - DATA 

SECURIT Y 

GENERAL DA TA PROTEC TION REGU LA TIONS (G DPR) - DIRECT 

MA RKETI NG 

DELEGATE DETAILS 

Title: Mr. Mrs. Ms. 

Full Name: ––––––––––––––––––––––––––––––––––––– 

Job Title: ––––––––––––––––––––––––––––––––––––– 

Telephone: –––––––––––––––– Mobile: –––––––––––––––– 

Fax: ––––––––––––––––––––––––––––––––––––– 

Email: ––––––––––––––––––––––––––––––––––––– 

COMPANY DETAILS 

Name: ––––––––––––––––––––––––––––––––––––– 

INCENTIVES TO PARTICIPATE IN THE PROGRAM 

Ensure opportunities of permanent competence growth 

Development of managerial competence in the company 

Pursue comprehensive career plans 

Meet the goals and needs of the company 

Personal development 

Other (please specify) ––––––––––––––––––––––––––––– 

––––––––––––––––––––––––––––––––––––––––––––––––––– 

PAYMENT DETAILS 

Please invoice my company 

I enclose a cheque payable to European University - Cyprus Ltd 

I wish to pay by: 

VISA Mastercard Bank Transfer 

TERMS & CONDITIONS 

BOOKINGS 

Can be made by email and are regarded as confirmed bookings 

when made. You will receive confirmation of your registration in 

approximately two (2) business days. If you don’t receive 

confirmation, please email SPSNicosia@cycollege.ac.cy 

. 

PAYMENTS 

The full course fee is payable upon registration. No access to the 

course or material can be granted without full settlement of the 

amount. The provision of the Course is contingent upon SPS 

having received cleared funds from you or your employer (if you 

select to invoice your employer) in respect of the Fee for the 

relevant Course. 

Address: ––––––––––––––––––––––––––––––––––––– 

Town: ––––––––––––––– Postcode: –––––––––––––– 

Telephone: ––––––––––––––––––––––––––––––––––––– 

Contact Person: ––––––––––––––––––––––––––––––––––––– 

Telephone: ––––––––––––––––––––––––––––––––––––– 

Signature: ––––––––––––––––––––––––– Date: –––––––––– 

Email: ––––––––––––––––––––––––––––––––––––– 

Statement of Consent 

1. The information you provide on this form will be processed by the EUROPEAN UNIVERSITY CYPRUS and its affiliated companies – which includes the S P 

S Institute of Education Ltd (hereinafter all together the “Company”) and will be processed in accordance with the Company’s privacy policy. The information 

will be processed by: 

a. the Company for the purpose of communicating with you and/or informing you in relation to the aforesaid programs of study for which you have hereby 

expressed your interest (hereafter the “Admission Purpose”), 

and/or 

b. research companies with which the Company cooperates (hereinafter the “Research Company”) for the purpose of (i) conducting a research, on behalf of 

the Company (hereafter the “Survey Purpose”) and (ii) communicating with you, either by post, telephone, email or any other way, regarding any information 

relating to the Survey Purpose (provided you have positively opt-in herein below). 

2. I acknowledge that in the event that I, the applicant, do not wish to be contacted further by the Company and/or the Research Company, I may at any time 

inform the Company and/or the Research Company in accordance with the available communication methods. 

3. For the avoidance of any doubt, the following apply: - 

I. Any information and data provided herein by the applicant to the Company and which will be used, either directly or indirectly, by the Company and/or the 

Research Company for the performance of the Admission Purpose and/or the Survey Purpose (as the case may be), shall at all times be identified, clearly 

marked and recorded by the Company and/or the Research Company as the personal data of the applicant.

i. All personal data acquired from the applicant pursuant to this form shall be solely used by the Company and/or the Research Company for the performance 

of the Admission Purpose and/or the Survey Purpose (as the case may be) and shall not be further processed or disclosed to any third party, without the 

consent of the applicant unless this is required and/or allowed pursuant to the provisions of the Regulation (EU) 2016/679 on the Protection of Personal 

Data and/or the provisions of the applicable local legislation in relation to the protection of personal data (as amended from time to time) and/or the 

provisions of any other applicable legislation. 

ii. 

The applicant has been notified of his/her rights in relation to his/her data contained herein. The aforesaid rights are outlined analytically in the Privacy 

Notice of the Company which is also available at https://euc.ac.cy/en/privacy-notice-gdpr and upon request. For the avoidance of any doubt the applicant 

hereby confirms that the applicant is fully aware of his/her rights in relation to his/her data contained herein. 

4. ONLINE TEACHING AND LEARNING/USE OF ONLINE PLATFORMS 

The applicant understands and agrees to the following: 

a) For students registered in Distance Learning Programs of study: all classes and other sessions will be conducted online and the same may apply to all 

examinations. 

b) For students of Conventional and all other Programs of Study: classes, examinations and other sessions may be conducted online, as may be 

considered appropriate by the University. 

Furthermore, the applicant agrees to the terms and conditions of BPP Professional Education, the provider of ready-made online courses. A copy of the BPP 

Professional Education terms and conditions is available at https://bppassets.s3-eu-west-1.amazonaws.com/public/assets/pdf/termsconditions/ECR+(and+OCR)+Terms.pdf 

The applicant has read the University’s detailed notice on “Online Teaching and Learning -Personal Data”, which describes how and for what purposes student 

personal data are processed in the context of online teaching and learning available at https://sps.cycollege.ac.cy/easyconsole.cfm/id/1711. 

I consent to receiving marketing information (by email, phone, text, or other ways) concerning other programs of study or other activities and other news 

and services offered by the Company. 

I consent to the processing of my personal information by Research Companies as specified above. 

Full Name________________________________ Signature___________________________________ 

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 Spring 2023 _ Continuing Professional Development

Transform your PDFs into Flipbooks and boost your revenue!

Delete template?

Save as template ?