Scientific Director

Nikolaos Kourogenis,

Professor, Department of Banking and Financial Management, University of Piraeus

Target Audience

The Course is aimed at executives of banks, insurance companies, payment institutions, brokerage firms and, more generally, executives of legal entities who work, or are about to work, in compliance units across the financial sector as a whole and who seek high-level training and specialisation in professional techniques and methodologies.

Admission Requirements

Participants must have:

• Basic computer skills
• Internet access
• A personal email account

Delivery Method

The Course is delivered using a blended learning method. More specifically, 18 teaching hours are delivered through synchronous distance learning and 6 hours are held in person. The distance learning component takes place online using simple educational software, while the in-person sessions take place in a classroom at the University of Piraeus. An attendance register is kept during the lectures, and Educational Material is provided that covers all the thematic units of the Course and includes the following: 1. Electronic notes. 2. Reporting templates (STRs / SARs). 3. Reports by international organisations. 4. Educational videos (Video Analysis). 5. Group simulation exercises (Group exercises). 6. Feedback.

Completion of the Course requires passing the examination on the Course content, passing the written assignments (a mark of at least 5 out of 10) and payment of the fees in full. In addition, total absences may not exceed 20% of the scheduled teaching hours.

Type of Certificate

Trainees who successfully complete the Course are awarded a Training Certificate by KEDIVIM of the University of Piraeus.

See a sample of the certificate awarded here

Units

1. Introduction – historical overview of the phenomenon - Definition of the offences
2. Common anti-crime policy models in combating the phenomenon - International organisations (FATF, Egmont Group, AMLA)
3. The Greek environment:
   • A) Public sector (Authority, supervisors, police, prosecutorial and judicial authorities)
   • B) Private sector (obliged entities)
4. Presentation of case studies
5. Best practices in detection and reporting by obliged entities
6. Practical exercises on hypothetical scenarios

Learning Outcomes

Upon successful completion of the Course, participants will be able to:

be able to distinguish and describe transactions potentially linked to money laundering be able to recognise money laundering typologies be able to determine when a report needs to be filed with the competent Authorities

be able to identify money laundering methods and practices be able to assess and estimate the scale of a suspicious activity be able to devise an appropriate strategy to prevent similar incidents in the future

be able to participate actively and effectively in processes relating to the organisation's regulatory compliance be able to apply and maintain best practice in addressing and assessing compliance-related issues

Assessment

The learning outcomes are assessed through multiple-choice questions (50%) and participation in group exercises during the lectures (50%).

Discount Policy

For students and graduates of the Department of Banking and Financial Management of the University of Piraeus, the fee is €380.

Payment of Fees

Fees are payable in a single payment into an account of the Special Account for Research Funds (ELKE) of the University of Piraeus.