Money laundering legislation in Europe to be discussed during Department of Law Conference

The Department of Law is organizing a Conference to discuss the progress on EU legislation regarding money laundering, the process of disguising financial assets so they can be used without detection of the illegal activity that produced them.

The Conference will be held on Tuesday, May 14, at our Nicosia campus. 

In an era of globalization, where Europe boasts a unified currency and open borders, it's imperative for the continent to play an active role in the global fight against money laundering. Recognizing the gravity of this issue, international institutions have rallied together, implementing robust institutional and legislative frameworks to prevent illicit financial activities. Indeed, combating money laundering stands as a paramount political objective for the European Union.

However, the task at hand prompts crucial questions about the scope of legislative measures. What specific actions does the legislature identify as criminal in the pursuit of curbing money laundering? Moreover, does the broad standardization of criminal activities extend to seemingly innocuous acts such as asset transfer, acquisition, or possession, potentially encroaching upon the freedom and security of legitimate traders?

Furthermore, the role of legal professionals, particularly lawyers, in combating money laundering warrants examination. How are they implicated in the process of legitimizing illicit funds, and what measures can be taken to ensure their compliance with anti-money laundering regulations?

Answers to a number of thought-provoking questions will be provided by esteemed members of the academic community at Frederick University and Universities in Greece, reputable lawyers, judicial officers, executives of supervisory and audit authorities.

The Conference will be addressed by Professor Eleni Hadjiconstantinou, Frederick University's Dean of the School of Business and Law and Professor Christos Clerides, Vice Dean of the School.

Presentations and a panel discussion co-chaired by Aristotle Charalambakis, Professor Emeritus of Criminal Law at the Democritus University of Thrace and Professor Christos Clerides, will follow.

The presentations

  • The Anti-Money Laundering Authority and its role in the modern environment
    Charalambos Vourliotis, Deputy Prosecutor of the Supreme Court ex-officio, President of the Anti-Money Laundering Authority
  • Doctrinal and juridical political issues of the criminal treatment of self-laundering
    Aristomenis Jannetis, Associate Professor of Criminal Law, National Kapodistrian University of Athens
  • The Financial Intelligence Unit of the Republic of Cyprus: Responsibilities and Authorities
    Maria Kyrmizi – Antoniou, Senior Attorney of the Republic, Head of the Financial Intelligence Unit (MO.K.A.S.)
  • The involvement of lawyers in legalization issues
    Katerina Sykioti, Assistant Professor, Department of Law, Frederick University, Attorney at Law

The conference will be held in Greek. View the invitation here.

To register, follow the link here. Registration until May 9, 2024. Information: tel. 22394394 (Mrs. Melinda Michael)

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