Seminar's Overview
The regulatory landscape is evolving rapidly, introducing new compliance obligations and requirements that significantly impact financial services entities and, in certain areas, other organisations as well. Failure to keep pace with these developments may result in regulatory penalties, operational disruptions, and reputational damage, while implementing new requirements often necessitates substantial changes to business processes and day-to-day operations.
Join our training programme and gain a practical understanding of the latest regulatory developments that are shaping the financial services sector and the wider business environment.
- Stay informed about key developments in anti-money laundering and counter-terrorist financing (AML/CFT) requirements.
- Understand the implications of the Digital Operational Resilience Act (DORA) and Information and Communications Technology (ICT) risk management obligations.
- Explore recent changes to the Capital Requirements prudential framework, the Digital Euro initiative, and the EU AI Act.
- Assess how new regulatory requirements may affect your organisation’s operations, governance, and compliance responsibilities.
- Prepare proactively for upcoming regulatory changes and strengthen your organisation’s compliance and resilience framework.
Register today to stay ahead of regulatory developments, minimise compliance risks, and equip your organisation for a rapidly changing regulatory environment.
Seminar's Goals
By the end of the training, participants will be able to:
- Identify the key developments in the regulatory obligations of financial institutions.
- Build a clear understanding of AML/CFT regulatory developments and AMLA-driven expectations impacting obliged entities.
- Recognise how different DORA chapters interconnect in a Business As Usual (BAU) operating model.
- Describe the main changes introduced by the Capital Requirements Regulation (CRR) III and Capital Requirements Directive (CRD) VI.
- Distinguish digital euro with traditional banking practices.
- Strengthen the ability to navigate across newly issued regulatory text and understanding of the new supervisory reality.
- Distinguish between documentation prepared for readiness and evidence required for supervision.
- Explain the key drivers of the CRR III & CRDVI impact on their organisation.
- Define the underpinning rationale of the EU AI Act.
- Promote a proactive, compliance-aware mindset and a strong, sustainable AML compliance culture.
- Encourage collaboration across risk, IT, compliance and management functions.
- Urge management to adopt AI tools and an AI mindset.
- Consider the areas that need enhancements in light of the regulatory developments discussed in the training.
- Collaborate with the right experts to apply changes introduced by the said regulatory changes.
- Approach challenges with resilience and a proactive problem-solving mindset.
Participants*
This seminar is addressed to officers serving in a number of functions within entities that include but are not limited to banks, investment firms, payment service institutions, e-money institutions, Crypto-Asset Service Providers (CASP entities) and Administrative Service Providers (ASPs), including Directors, General Managers, CEOs, CFOs, Heads of Risk Management, Compliance, AML, Internal Audit and Information Security Functions, and any other relevant professionals involved in Regulatory Reporting, Information Systems and operations.
All participants should be currently employed.
*The number of participants is restricted to 28.
Agenda
1. Introduction (1h)
- Purpose of this training.
- Overview of key regulatory developments.
- Digital euro.
- EU AI Act.
- DORA.
- AML/CFT.
- CRR/CRD.
- Other topics.
- Implementation challenges for entities.
2. DORA Day 2: Operationalising Digital Resilience as Business as Usual (2h)
- DORA Day 2 Overview.
- Key insights into on-site inspections.
- ICT Incident Management: Consistency between framework and practice.
- Third-party risk management: Managing compliance and oversight.
3. AML/CFT Framework (2h)
- Upcoming Regulatory Text.
- EU AML Package and other regulatory changes expected.
- Relevant due dates.
- Regulatory Technical Standards.
- Implementing Technical Standards.
- The new EU AML regime.
- AMLA Setup Timeline.
- AMLA Functions & Structure.
- AMLA keys features and tasks.
- AML- Regulation harmonizes AML rules throughout the EU.
- Anticipated AMLA focus areas and recommended early actions.
4. Evolution of prudential requirements (1h)
- Drivers and purpose of the revisions to the Basel III framework.
- Summary of key changes introduced by the Capital Requirements Regulation (CRR) III / Capital Requirements Directive (CRD) VI rules.
- Challenges in Capital Requirements Regulation (CRR) III implementation.
Services
Our services include:
- Handouts, including the hard copy presentation, examples, case studies, exercises, and additional notes if applicable.
- Stationery, such as pads, pens, and files.
- Drinks (coffee, tea, etc.), snacks and a buffet lunch.
- A fully equipped training room with WiFi access.
- Certificate of completion.
Registration & Contact
If you wish to register for the seminar, please complete the registration form.
Once your registration is submitted, you will receive an email stating how to proceed with your HRDA registration through the Ermis platform. Upon completion of this step, you will receive a confirmation email which will include the participation fee, including any discounts, if applicable. Kindly note that the payment should be settled at least two days prior to the seminar’s date for your registration to be confirmed.
The programme has been approved by the HRDA. Enterprises participating with their employees who satisfy HRDA’s criteria, are entitled to subsidy. Please note that there are limited seats available, therefore enroll in this seminar as soon as possible.
If you do not receive our confirmation e-mail regarding your registration, your participation cannot be guaranteed.
Cost
€150 net investment after the HRDA subsidy: €120 for all eligible participants*
€270 + VAT (19%) for all participants who are not-eligible for the HRDA subsidy.
*Last Date for 10% Early Bird Discount: 16/11/2026 (This is set around three weeks ahead of the seminar’s date.)
Extra discounts may apply to the initial price, before the VAT and HRDA subsidy. Please view options below.
Note
We do not provide a soft copy of the presentation for face-to-face seminars. However, if you would like to request one, please contact us. We may be able to provide it, subject to approval. In this case, the cost of the soft copy will be €50 for participants who have already attended the relevant training, or €100 for those who have not.
HRDA Note
All individuals who wish to attend our HRDA approved training courses, should not only fill out our registration form, but also complete the registration process through the ERMIS platform in order to be approved by the HRDA. Regardless of whether they are claiming the HRDA subsidy or not, each participant will need to complete their registration through ERMIS as a physical person and then register to our training in order to be able to attend (either as an employee whose company is claiming the subsidy or as an individual who is not claiming the subsidy). Please reach out to the HRDA Ermis officers on 22 390 300 for more details regarding the registration as a physical person.
Eligibility of self‑employed individuals: The Schemes are open to any natural person who is registered as self‑employed with the Social Insurance Registry and carries out their activities in areas controlled by the Republic of Cyprus.
Discounts available
- For three or more (3+) participants from the same company, a 10% discount is available on the total cost, before the VAT and HRDA subsidy. This discount only applies for participants who enroll in the same seminar, on the same day. This discount can only be combined with the early bird discount and the HRDA subsidy, when applicable.
- For individuals/legal entities who/which register in more than three (3+) seminars during the same semester (January-June & July-December), a 10% discount is available on the total cost, before the VAT and HRDA subsidy. This discount only applies for individuals/legal entities who/which enroll in more than three (3+) seminars during the same semester, on the same day. This discount can only be combined with the early bird discount and the HRDA subsidy, when applicable.
- There is a 10% discount for alumni members. This discount should be applied before the VAT and HRDA subsidy and can only be combined with the early bird discount and the HRDA subsidy, when applicable. For more information on our alumni scheme, click here.
- There is a 10% early bird discount on selected seminars for participants who enroll in a training course until a specific date which is stated above. This discount should be applied before the VAT and HRDA subsidy and can only be combined with the HRDA subsidy, when applicable.
- HRDA subsidy for all HRDA approved seminars.
- Please note that while participants may qualify for multiple discounts, a maximum of two discounts, up to a total of 20%, can be applied per registration.
Contact
For any queries, please contact KPMG Academy on +357 22 207 460 or at academy@kpmg.com.cy
CPD
This seminar may contribute to Continuing Professional Development requirements. At the end of the seminar participants will be given a certificate of attendance confirming the total number of training hours (6 CPD).
Trainers
Marios Lazarou
Board Member, Head of Advisory, KPMG in Cyprus
Marios heads the Advisory Department of KPMG in Cyprus. He has more than 25 years of advisory experience in the Financial Services sector. In recent years, he has been involved in multiple advisory engagements in the areas of banking, risk and regulation, with emphasis on capital adequacy, credit risk processes and procedures and risk quantification and stress testing. He was the Cyprus Champion for the KPMG AQR Forum at the EU level.
Since 2023 Marios and his team have been supporting the majority of local banks with their transition towards the CRR III / Basel IV framework, through gap analyses and quantitative impact assessments, as well as by supporting them with their implementation efforts.
In recent years, he has contributed to certain high-profile projects in the Cyprus financial services industry as a regulatory and banking expert, either by leading the projects or by supporting KPMG’s teams from the UK and the Netherlands. He has also led several projects for the implementation and design of ICAAP frameworks, for more than 10 banks in Cyprus and in Europe.
Furthermore, he has delivered numerous Risk-related training sessions, and he has also trained the board of directors of almost all banks in Cyprus on regulatory, risk management and other banking topics.
In 2015, he was certified by the HRDA as a “Trainer of Vocational Training”.
Eleni Poyiadji
Principal, Financial Risk Management, KPMG in Cyprus
Eleni is a Principal at the Financial Risk Management Department of KPMG in Cyprus. She has extensive experience in the areas of governance and regulatory compliance as well as in the review and assessment of internal controls. Her area of expertise is the financial services sector, with focus on compliance matters such as MiFID and AML.
Eleni works closely with several clients and assists them in regulatory compliance matters. Among others, she performs gap analysis and assists clients with the implementation of MIFD II. Furthermore, she performs AML reviews, provides advice to clients for compliance with relevant matters, while designing their AML Risk Based Approach. She has also been involved in the provision of Internal Audit services.
Eleni cooperates with regulators and a number of regulated entities in the financial services sector and provides advisory services to entities on governance issues, policies and procedures. She has also delivered many trainings to different clients in her areas of expertise.
Artemis Hadjivarnava
Principal, Capital Adequacy Lead, Risk Consulting, KPMG in Cyprus
Artemis is a Principal in the Risk Consulting department of KPMG in Cyprus, with more than 17 years of experience in the financial services advisory field. She heads the Capital Adequacy consulting team and has extensive experience in the implementation of various assurance and advisory engagements in banks, investment firms and payment / e-money institutions, in relation to Capital Adequacy Calculations and Impact Studies (CRR/CRD, IFR/IFD), Capital Adequacy seminars, Consolidated Supervision, ICAAPs, Pillar 3 Disclosures, Operational Risk Management Frameworks, Client Assets, Internal Controls and overall Regulatory Compliance.
Artemis has participated in numerous Basel II & III (Pillar 1) projects with several banks and investment firms in Cyprus, and more recently in a number of CRR III (Basel IV) Gap Analyses and Impact Studies with local banks, as well as advisory projects for supporting banks in bridging gaps and achieving a CRR III implementation state. Artemis has also been delivering hands-on seminars on Basel I, II, III & IV with the aim of helping institutions better understand the provisions of this prudential framework, while she has also been extensively involved in the drafting and review of Pillar 3 disclosures of institutions, ensuring they are in line with the prudential framework and related guidance.
She has also performed audits of Pillar 1 calculations, participated in the implementation of a Basel III Pillar 1 calculations engine in two of the largest local banking institutions, performed numerous capital efficiency analyses, risk-weighted assets optimization exercises and capital impact studies, and delivered educational, hands-on seminars on capital adequacy regulatory provisions to banks, investment firms and to their supervisory authorities over the years.
Moreover, Artemis has participated in the development of Operational Risk software systems for banks, has delivered seminars on the proper measurement and management of Operational Risk and has carried out internal control reviews of banks’ Operational Risk departments.
In 2015, she was certified by the HRDA as a “Trainer of Vocational Training”.
Chloe Karacosta
Senior Manager, Risk Consulting, KPMG in Cyprus
Chloe is a Senior Manager in the Risk Consulting department at KPMG in Cyprus. She’s a highly experienced Project Manager and Risk Management specialist, with 16 years of experience across multiple sectors, mainly in the financial services industry, gained from KPMG in consulting and professional services, as well as from internal roles within a London-based bank.
Her expertise predominantly revolves around leading complex financial planning, risk analysis, and business transformation initiatives, including regulatory compliance frameworks. She is certified in PRINCE2 Project Management.
Chloe has managed numerous projects for major banking institutions, acting as a sell side advisor in non-performing portfolio transactions assisting the institution with the preparation of step-by-step plans, facilitating the relationship between the institution and its key stakeholders. Chloe has led and conducted several internal control framework projects for Cyprus banks and insurance companies, performing walk-through testing of procedures and assessment of controls for the identification and documentation of weaknesses, according to Central Bank of Cyprus Corporate Governance Directive. She has also conducted training sessions for Board of Directors on risk management, risk appetite, and governance, utilising KPMG’s structured Enterprise Risk Management Framework.
The programme has been approved by the HRDA. Enterprises participating with their employees who satisfy HRDA’s criteria, are entitled to subsidy.
