Understanding Your Obligations to Build a Solid Risk-Based AML Program

  • When: 4 November 2015, 14.00 – 17.30
  • Where: Nicosia, Cyprus
  • Venue: Filoxenia Conference Center, 17 Thrakis Street, 1311 Nicosia, Cyprus
Note: This venue for this seminar was recently changed to Filoxenia Conference Center

AML continues to evolve, and the regulated sector is under ever increasing pressure to ensure that its AML compliance is of the highest order, and conforms to all applicable standards. Failure to achieve those standards not only exposes companies and individuals to administrative and criminal sanctions, but will increasingly make it impossible to engage in international trade with countries that have strict AML regulation themselves. This half day seminar aims to address the essential aspects of policy that are the bedrock of any successful AML regime.

Learning Points:

  • Understanding the full range of obligations under AML legislation
  • Ensuring AML policies are fit for purpose
  • Staying up to date with AML evolution


Simon Dilloway
  • Simon Dilloway BSc (Hons); MSc; CSyp; FSyI

  • Principal
  • Lopham Consultancy


Simon Dilloway had a career of over 30 years in the Metropolitan Police in London. He specialised in the investigation of corruption, financial crime and terrorist financing by the use of financial investigation methods and collection and analysis of financial intelligence. Whilst leading a team in the Special Branch National Terrorist Financial Investigation Unit (NTFIU) at New Scotland Yard he used these techniques to great effect in the aftermath of the London bomb attacks of 2005, preparing, after detailed investigation of the crime scene and suspects’ accounts, the definitive report to government on the cost of the attack, how it was funded and by whom. He subsequently led the financial investigation and intelligence gathering operation that led to the arrest and conviction of the terrorists involved in the conspiracy to bring down seven airliners en route to North America.

Since retiring from the police and founding Lopham Consultancy Ltd, he provided the complete brand protection and anti-counterfeiting support to international fashion brand Ben Sherman Group. Furthermore, he has assisted the European Commission, Council of Europe and United Nations Office on Drugs & Crime in capacity building missions around the globe. His training on AML and in particular CFT has been well received by law enforcement personnel from Russia, the Balkans, the Middle East (including Iraq) and North Africa, as well as the UK. He has worked with the police and as an international expert in almost 50 countries. He has addressed many international conferences, and presented on terrorist finance to the NATO TF Committee in Brussels. In 2011, he re-wrote the national anti-money investigation and prosecution handbooks for the Republic of Vietnam on behalf of the UNODC. He provides advice to UK Regulated Companies on the AML regimes, and trains their staff. He is currently providing AML e-learning and online KYC capabilities with his company KYC Cube Ltd. Since June 2011 he has been a member of the Panel of Experts advising the UN Security Council Libya Sanctions Committee on the assets freeze sanctions.

He has a BSc (Hons) in Police Studies, an MSc in Criminal Justice and a BTEC level 5 Diploma in Financial Investigation. He is a Chartered Security Professional (CSyP), a member of ACAMS (Past Chair of the UK Chapter) and the Institute of Directors, and is a Fellow (FSyI) and past Director of the UK Security Institute.

Silver Sponsor

Bank of Cyprus

CDDS Luxembourg SA

Christodoulos G. Vassiliades & Co. LLC

Central Cooperative Bank


ACAMS Members Non-Members
USD$120 USD$155
Registration for this event is now closed. Join ACAMS




14.00 – 14.15

Welcome Remarks

14.15 – 15.15

Exploring Anti-Money Laundering and Financial Crime

  • Brief overview of international AML standards, regulations and established procedures
  • Understanding your obligations under the relevant legislation
  • Understanding ‘suspicion’ and levels of responsibility
  • SAR/STR reporting
  • The potential consequences of failure
  • The position of Terrorist Financing within the AML process

15.15 – 15.30

Networking and Refreshment Break

15.30 – 16.30

Building an Effective AML Process

  • Understanding Due Diligence and Know Your Customer requirements
  • Application of the Risk Based Approach
  • Establishing an effective Sanctions and Politically Exposed Persons policy/process
  • Outlining the AML officer’s role and responsibilities
  • The importance of staff training

16.30 – 17.00

Latest Developments

  • Impact of the 4th EU ML Directive
  • Other news

17.00 – 17.30

Question and Answer Session & Closing Remarks

18.30 – 21.30

Maximize your learning and networking and join us for cocktails and VIP presentations at the Hilton Hotel Nicosia. Please RSVP to reserve your place as capacity is limited to 150 attendees. Registration will be taken in the order of receipt: first come first served.

To speak to an ACAMS representative about registration, contact Margo Vakharia at mvakharia@acams.org or on +44 20 7956 8886.