CySEC AML · Chapter 3 of 8
Chapter 3: Legal and Regulatory Requirements
The Cyprus AML Law, the CySEC Directive, and the obligations they place on regulated firms — plus the role of MOKAS.
6 of 40 exam questions (15%) · 84 practice questions · free: 7 notes, 15 flashcards
Try 10 free questionsFrom across the syllabus · no account needed
What Chapter 3 covers
The key topics of this chapter in the CySEC AML syllabus. Each has a free study note.
- The Cyprus Prevention and Suppression of Money Laundering LawRead the note: What are the money laundering offences under the AML/CFT Law, and what defences exist?
- Transposition of the EU AML DirectivesRead the note: How do the EU AML directives and the FATF shape Cyprus's AML rules?
- The CySEC AML Directive and obliged entities' dutiesRead the note: Who supervises firms for AML in Cyprus, and what fines can CySEC impose?
- MOKAS — the Cyprus Financial Intelligence UnitRead the note: What is MOKAS and what powers does it have?
- Record-keeping obligations and penalties for non-complianceRead the note: How is a risk assessment kept up to date, and how long must AML records be kept?
Exam questions per chapter
40 questions in the CySEC AML exam
- Ch 1 · Introductory Provisions0 questions
- Ch 2 · Understanding Money Laundering, Terrorist Financing and Sanctions8 questions
- Ch 3 · Legal and Regulatory Requirements (this chapter)6 questions
- Ch 4 · The AML Compliance Culture3 questions
- Ch 5 · Assessing and Managing Risks6 questions
- Ch 6 · Know Your Customer (KYC) and Customer Due Diligence (CDD)11 questions
- Ch 7 · Transaction Monitoring and Suspicious Reporting4 questions
- Ch 8 · Crypto Asset Service Providers2 questions
Questions about Chapter 3
How many questions does CySEC AML Chapter 3 carry?
Chapter 3, Legal and Regulatory Requirements, accounts for approximately 6 of the 40 questions in the CySEC AML exam (around 15% of the total). The exact number can vary slightly from one sitting to the next.
What topics are tested in CySEC AML Chapter 3?
Chapter 3 covers: The Cyprus Prevention and Suppression of Money Laundering Law; Transposition of the EU AML Directives; The CySEC AML Directive and obliged entities' duties; MOKAS — the Cyprus Financial Intelligence Unit; Record-keeping obligations and penalties for non-compliance.
Should I prioritise Chapter 3 in my CySEC AML revision?
Yes. Chapter 3 is one of the highest-weighted chapters, with approximately 6 exam questions. Allocate proportionally more study time here, practise questions while the material is fresh and aim for 90%+ accuracy before moving on.
How can I practise CySEC AML Chapter 3 questions?
Start with 10 free questions from across the CySEC AML syllabus; no account is needed. For this chapter, the Chapter 3 Brief (€19) gives you all 84 questions in this chapter, each with a hint before you answer and an explanation after. The Chapter 3 Exam Mock (€9) is 10 exam-style questions from the chapter: one attempt, then a review of every answer. If you are sitting the whole exam, the All-in-One (€219) has every chapter, all 534 questions and 5 full mock exams. Prices are final, with no VAT added, and access has no expiry date.
Start with 10 free questions
See how the hints and explanations work before you pay.