14

Oct

-

Dates Pending

29

Oct

2025

Introduction to Betting Law and AML in Cyprus

FROM

€

130

220

10 CPD Points

10

HOURS

English

Chrysothemi Valanidou

description

COURSE DESCRIPTION

The betting sector in Cyprus is highly regulated and legally complex, especially following the introduction of the Betting Law of 2019 (L. 37(I)/2019), which redefined the legal landscape for both land-based and online betting operations. The law imposes strict obligations on licensed operators in areas such as anti-money laundering (AML), responsible gaming, data protection under the GDPR, and ethical advertising. With the National Betting Authority (NBA) increasing its enforcement actions, the need for compliance-trained staff has become a top priority for industry employers.

Recent enforcement trends, both in Cyprus and across the EU, have highlighted critical weaknesses in AML systems, customer due diligence (CDD), data handling practices, and advertising strategies. Employers in the betting industry, especially Class A and Class B license holders, are under growing pressure to maintain robust internal procedures, conduct employee training, and demonstrate ongoing compliance with regulatory expectations. Non-compliance now carries significant reputational, legal, and financial risks, including licence suspension, fines, and criminal liability.

This course responds directly to employer needs by equipping professionals with both foundational legal knowledge and practical compliance tools. Participants will be able to interpret key legal provisions, design AML/GDPR-compliant procedures, and apply best practices in advertising and
responsible gaming. The inclusion of local case studies ensures relevance and immediate applicability, making this course a valuable asset for anyone working in, advising, or regulating the betting sector in Cyprus.

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course content

Dates and times

Course content

Module 1: The Betting Law of 2019 and the National Betting Authority

Objectives of the Betting Law of 2019 (L. 37(I)/2019)
- supervision,
- compliance, and
- EU alignment.
Key articles
- Article 4 – Role and powers of the National Betting Authority (NBA).
- Article 7 – Licensing requirements for Class A (land-based) and Class B (online) operators.
Differentiation between Class A and Class B licenses in terms of legal duties and operational scope.
Practical overview of
- obligations
- licensing,
- compliance, and
- operational reporting.

Module 2: AML Obligations and KYC Procedures in Betting Operations

Article 21 of the Betting Law (AML duties for betting operators).
Key AML obligations for Class A and B licensees.
Customer Due Diligence (CDD), Enhanced Due Diligence (EDD), and Ongoing Monitoring.
Differences in online vs land-based operations.
Internal procedures for developing and maintaining AML systems and controls.

Module 3: GDPR and Data Protection in Online Betting

GDPR compliance for Class B operators (online betting):
- Lawful basis for processing, transparency, and data minimisation.
- Article 32 obligations on security and data breach protocols.
Managing international data transfers in betting operations.
Appointing and engaging a Data Protection Officer (DPO).
Monitoring affiliates for NBA complianceStructuring internal
Structuring internal GDPR policies and breach notification mechanisms..

Module 4: Advertising Restrictions and Responsible Gaming Messaging

Article 35 of the Betting Law – Restrictions on advertising and marketing practices.
Legal duties to avoid targeting vulnerable populations and using misleading promotions.
In-store and online responsible gaming obligations.
Practical development of tools: self-exclusion schemes, betting limits, and ethical marketing strategies.
Internal staff training programmes on responsible gaming and ethical communication.

Module 5: Case Studies in Regulatory Breach and Enforcement

Article 41 NBA enforcement powers and sanctions for breach.
Case study: AML compliance failure (Class B) — issues with KYC and EDD.
Case study: Advertising breach — targeting vulnerable clients and misleading claims.
Case study: GDPR breach — failure to notify in time and insufficient security protocols.
Group discussion

suitable for

COURSE PREVIEW

HAVE A LOOK
INSIDE THE COURSE

details

course details

Methodology

Live session - online via Zoom
Interactive lecture with PowerPoint presentation.
Reference/background materials will be provided.
Q&A sessions for in-depth understanding
Case studies and analysis, and group discussion.

Funding

This seminar is funded by the HRDA.

Our training center offers special prices for individuals who are not eligible for funding.

Unemployed participants are eligible for HRDA funding provided they meet certain requirements. For more information, please contact us at 24 655510.

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Admission Requirements

Who is this aimed at

This course is aimed at professionals working in licensed betting companies, both Class A (land-based) and Class B (online), as well as in law firms, compliance consultancies, or corporate service providers that advise or support betting operators.

Certificate Awarded

A Training Certificate will be awarded to those participants who will successfully complete the training.

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Coming Soon

More details about this course will be uploaded soon.

INSTRUCTOR

MEET YOUR INSTRUCTOR

Chrysothemi Valanidou

Chrysothemi Valanidou is an accomplished legal and compliance executive with over a decade of leadership experience in the international gaming sector. Currently serving as Director of Meridian Gaming (CY) Ltd, she plays a pivotal role in strategic business development, regulatory compliance, and organizational management. Her leadership ensures that the company operates within the highest standards of legal integrity and corporate responsibility. Her extensive career includes leading roles in compliance, legal affairs, and risk management, with proven expertise in Anti-Money Laundering (AML), GDPR, and Responsible Gaming frameworks. She is also a certified Safer Gambling Specialist and a seasoned representative before the National Betting Authority and other regulatory bodies.

Chrysothemi has contributed as a speaker and exhibitor at major international forums and gaming expos including ICE London, SBC Summit Barcelona, and the Cyprus Gaming Show. Her work has been featured in numerous publications for her impact in ESG, corporate sustainability, and women’s leadership in gaming. A member of the Cyprus Bar Association since 2015 and an active contributor to the Global Gaming Women network, Chrysothemi holds an LLB from the University of Huddersfield and has completed numerous professional certifications in AML, labor law, and gaming compliance. She is passionate about empowering women in the industry, promoting safer gaming practices, and fostering transparent, responsible business practices in a highly regulated environment.

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COLLABORATORS

ADDITIONAL INSTRUCTORs

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frequently asked
questions

QUESTION 01

Do I need to be registered on the ERMIS Portal?

Yes, if you are registering for a course that is HRDA accredited, all participants (either receiving funding or not) will have to access and register as natural persons on the ERMIS Portal. If you are receiving funding and you are being registered for continuous professional/vocational training by your employer, your employer should also be registered with the ERMIS platform as a legal person. Contact us if you have any difficulty registering as a natural person or a legal person.

QUESTION 02

Will I receive a certificate at the end of the training?

Yes, you will receive a Certificate of Attendance from ELTRC or the relevant awarding body.

QUESTION 03

Do you have terms and conditions for seminar attendance?

Yes. You may find our terms and conditions here.

QUESTION 04

Will I receive the notes for the lesson and have access to recordings?

Yes, you will be given the course materials through an online platform and you will be allowed to download and keep the course materials and specimens for certain courses. Recordings will also be available in the drive for three months.