Anti-Money Laundering (AML) Compliance in the Betting Industry in Cyprus

This specialised course provides professionals in the betting sector with in-depth training on AML compliance obligations under Cypriot law and NBA directives. It combines legal frameworks, risk assessments, and real enforcement cases with practical implementation strategies.

The betting industry in Cyprus is considered a high-risk area for money laundering and financial crime. With the rise of online betting, cross-border payments, and increased regulatory scrutiny, licensed operators must now implement advanced AML frameworks to detect, prevent, and report suspicious activity in line with both national and EU standards. The Betting Law of 2019 and related NBA directives impose strict legal and procedural requirements on Class A (land-based) and Class B (online) licensees.

This course addresses a growing need in the market: employers across the betting sector are under pressure to demonstrate proactive compliance, maintain detailed internal policies, and ensure their staff are well-versed in their duties. Recent NBA inspections and enforcement actions have revealed operational weaknesses across CDD, record-keeping, and internal audit systems. Failure to comply not only leads to fines or licence suspension but exposes operators to reputational
damage and ongoing legal risk.

Through a practical and specialised approach, this course equips professionals with both the legal knowledge and operational tools needed to design and maintain effective AML systems. Participants will gain hands-on training in risk assessment models, internal audits, suspicious transaction reporting, and NBA inspection readiness. The use of real case studies ensures the training is directly relevant to current regulatory expectations.

For employers, this course ensures their team is capable of aligning daily operations with the NBA’s AML
framework, minimising exposure to penalties, and protecting the integrity of their business.

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