AML5, eIDAS and Blockchain: Transforming the Financial Services Industry


From 10:00 am until 4:00 pm

At Live Online

€420.00 (subject to 19% VAT)

Course Overview

The 5th Anti-Money Laundering Directive (AMLD5) and the eIDAS regulation are becoming two dynamic regulatory frameworks and topics to explore, due to the way they are set to refine and revolutionize the world of business and particularly the European Financial Industry. These new regulations on trust services in EU and anti-money laundering, have now redefined the concept of the EU Digital Single Market, creating roadmaps and unlocking opportunities for financial companies to operate and thrive.

The introduction of the AMLD5, is a major development towards a uniform framework for regulators across the EU, as it exemplifies the effort to bring crypto asset activity within the regulatory ambit by introducing relevant provisions and imposing relevant obligations to traditional and new providers and their activities in this area. In essence, the AMLD5 intends to make the legal situation of the cryptocurrency market more transparent, and it is enriched with regulations related to cryptocurrency businesses, aiming to strengthen the barriers to fight against money laundering and restrain terrorist financing.

The eIDAS regulation offers consistency and conformity within the EU Member States in relation to trust services while encouraging the legally predictable application of such services by businesses and creating a resilient framework to place trustworthy digital transactions in the heart of business relationships. The regulation provides the conditions for recognizing simple, advanced and qualified trust services. eIDAS offers the supervisory measures and standards of trust services as well.

At the same time, Blockchain, the technology that has begun gaining traction, plays an important role for the future of preventing money laundering, enhancing KYC/AML compliance regimes and enabling the execution of trustworthy digital transactions.

This training course is designed to explore AMLD5 and eIDAS as the game changers of the European Financial Industry. The course also explores Blockchain technology, and it encourages participants to consider its potential impact for both, the future of electronic transactions as well as for the prevention of money laundering and the improvement of KYC/AML compliance regimes. At the end of the training course, participants will comprehend that the relationship between AMLD5, eIDAS and Blockchain Technology is very close.

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Training Outline

Participants of the programme will:

  • explore blockchain fundamentals, smart contracts and the evolution of Blockchains
  • explore Blockchain applications for the Financial Services Industry
  • navigate the cryptocurrency space
  • understand the objectives, content and scope of eIDAS regulation
  • discuss e-Identification, e-signatures, other trust services and how to use them
  • recognize the impact of eIDAS on individuals, businesses, and the EU Single Market
  • explore the relationship between blockchain and eIDAS
  • attain an overview of the Anti-Money Laundering and Terrorist Financing regimes
  • discuss the AMLD5 amendments and what is expected by AMLD6
  • learn about the FATF Travel Rule and how it is used
  • discuss the new obliged entities operating in the crypto asset space
  • understand the relationship between blockchain, cryptocurrencies and the AMLD5
  • explore Blockchain solutions to mitigate money laundering risks and to enhance AML/KYC compliance regimes
  • realize and discuss how AMLD5, eIDAS and blockchain are transforming the financial services industry

  • Training Outline

    Blockchain Fundamentals

  • Introduction: Bitcoin Blockchain
  • What is Blockchain and how it works
  • Blockchain Features and unique characteristics
  • The Evolution of Blockchains and Smart Contracts
  • Blockchain Applications: Cryptocurrencies
  • Introduction to cryptocurrencies: Understanding Digital Tokens
  • What is a cryptocurrency and how it works
  • Crypto assets vs Cryptocurrencies
  • Anonymity and Pseudonymity: A method for money laundering
  • eIDAS Regulation: Navigating the ecosystem

  • Subject matter
  • Scope
  • Definitions
  • Electronic Identification (eID)
  • Electronic Signatures & Trust Services
  • Trustworthy Digital Transactions for the Financial Services Industry

  • An overview of the main requirements on trustworthy digital transactions
  • Assessment of the criteria for trustworthy digital transactions
  • Challenges of the current document signing system
  • Blockchain for e-Signatures and Secured Digital Transactions
  • Blockchain Solutions for document signing
  • Anti-Money Laundering, Terrorist Financing and the AMLD5

  • AML Regulatory Framework
  • The introduction of AMLD5 and its key amendments
  • Crypto Assets under the AMLD5 and the new obliged entities
  • Registration of Crypto Asset Service Providers (CASPs)
  • The CySec’s directive for the registration of Crypto Asset Service Providers (CASPs)
  • Mitigating money laundering risks and enhancing AML/KYC compliance regimes with blockchain – Use Cases

  • Who Should Attend

    This training course is suitable for people from all kinds of backgrounds who are interested to explore the relationship between digital currencies, eIDAS regulation and the 5th Anti-Money Laundering Directive.

    The course is also ideal for:

  • Compliance Officers
  • Professionals in the banking sector (including neo and challenger banks)
  • Financial Advisors
  • Lawyers, internal and external legal advisors, and other legal professionals
  • Graduate lawyers, law students, law researchers
  • In-house lawyers and Corporate Administrators
  • Managers and Executives across disciplines (IT & Software Developers, HR, Projects, Strategy, Digital, Technology, Innovation, Digital Transformation, Administration, Blockchain technologist/developers)
  • Senior Management
  • Attorneys of the Republic
  • Government Agencies

  • Industry Expert | Christiana Aristidou

    Christiana Aristidou is an industry expert and thought leader who stands above subject-matter expertise and is an authority in her field. She is a passionate educator educating and training regulators, public authorities, incumbents, private organizations of all sizes, investors and entrepreneurs in Cyprus, the EU and internationally. A pioneer in the field of training course design, development and delivery, Christiana creates comprehensive training courses with innovative subject combinations and unique content, falling mainly in the intersection of Regulation, Business Law and Technology.

    Christiana is a Business Technology Lawyer, CEO of “The Hybrid LawTech Firm”, empowered by Christiana Aristidou LLC, regulated by the Cyprus Bar Association (membership since 1997). She is the Director of SmartCity Business, a company that aims to create smart laws and business models that can be used by smart cities to assess what value they offer citizens by integrating ICT and emerging technologies into their infrastructure and services, enabling the acceleration of change from smart cities to smart societies. She is also a non-executive Director of Rhea Legal Tech, a company that offers AI, machine learning and automation solutions to the legal, regulatory and supervisory industries.

    Christiana is the President of the CBA’s Technology Committee, a National Delegate to the ISO TC/307 Blockchain Committee actively contributing to Working Group 3 drafting standards on Smart Contracts and to Working Group 6 on Blockchain use cases. She is a member of ITU and has served in ITU-FG-DLTs. She is also a Certified International Legal Project Practitioner (IILPM), a member of the PMI Cyprus Chapter, an approved HRD Trainer, the Ambassador of European Legal Technology Association (ELTA) in Cyprus, and a Digital Transformation Specialist. Christiana is a co-founder, and, until recently, the Vice-Chair of the Cyprus Blockchain Association (CBA) which has recently merged with the Cyprus Blockchain Technologies (CBTs). She is currently a board member of CBTs and holds advisory and directorship positions in technology companies. Christiana is a regular speaker at local and international Law and Technology conferences.

    Christiana holds a Bachelor’s in Law from the Kapodistrian University of Athens, three (3) LL.M degrees: 1. in Common Law, 2. International Commercial and Business Law (UEA-UK) and 3. Computers and Telecommunications Law (Queen Mary-UoL). She also holds a Certificate in International Commercial Arbitration (Cologne-Germany) and a certificate in Digital Currencies from the University of Nicosia.

    Training Style

    The programme is designed to deliver theoretical knowledge mainly via live online discussions, supported by power-point presentations.

    CPD Recognition

    This programme may be approved for up to 10 CPD units in AML and Financial Regulation. Eligibility criteria and CPD Units are verified directly by your association, regulator or other bodies which you hold membership.

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