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• M23046 - The Money Laundering Reporting Officer – A Practical Approach (Online)

  • When
    2 May 2023
  •  
    09:15 - 12:30
  • Location
    Online Webinar

  Register

  Registration Time: 09:00
  Sessions Time: 09:15 - 12:30  including a 15-minute break
  Speaker: Mr John Scicluna
  Venue:   Online Webinar

  Participation Fees (The Institute is now accepting payments via Paypal)
  

  MIA Members: €40.00
  Non-MIA Members: €75.00
  Retired Members: €20.00
  Students: €30.00

  *Group bookings for 3 or more participants available.

  BACKGROUND INFORMATION

  As far as the creation of AML  and Financial Crime Compliance policies is concerned, the gatekeeper, controller and the place where the “buck stops”, is the MLRO.  This is a critically important position within any firm covered by AML Rules. When it comes to the identification, detection, escalation, reporting, managing and training of staff on Anti-Money Laundering procedures, it is the responsibility of the MLRO to ensure this all happens as effectively and efficiently as possible.

  Specific topics to be covered during the session

  • Responsibility for implementing and overseeing the CDD process, onboarding, transactions monitoring and alert escalation.

  • Ensuring new and changing regulatory requirements are complied with fully and in a timely fashion.

  • Developing internal and external reporting processes.

  • Keeping records.

  • Designing, maintaining and overseeing internal controls and procedures.

  • The essential requirement to ensure proper training of staff.

  • Reporting to the Board and Board oversight.

  • Evaluation of Internal Reports and Submission of Reports.

  Target Audience

  MLRO’s and all staff working within a compliance function, especially those charged with AML escalations/investigations. Members of the internal audit function. Lawyers, real estate agents and accountants who directly handle client finances, interpret financials and/or represent clients in setting up their business. Senior managers and top management would also derive considerable benefit from attending, as they are the ultimate risk owners. Front line staff who have to “make things happen”.

  Speaker's Profile

  John Scicluna is currently an AML/CFT Compliance Consultant working closely with WH Partners. Previously he was the Head of Compliance with the same firm WH Partners. A career banker for 38 years, he has held posts in many areas of one of the largest banks in Malta, 17 of which were as Head of Financial Crime - Money Laundering Reporting Officer.
  He formed part of the European Banking Federation Prevention of Money Laundering and Fraud Committee on behalf of the Malta Bankers’ Association.  He was also assigned roles within the Internal Audit Department managing investigative and analytical assignments.
  John is a visiting speaker in a number of local and international seminars and training events covering AMLCFT and financial crime related topics.

  EVENT CPE COMPETENCES

  
  

  3  Core

  
  

  WEBINARS TERMS AND CONDITIONS

  Terms and conditions  apply

  
  

  DISCLAIMER

  By Registering and/or Booking for this event, you agree that MIA will collect your information which will be using it in accordance with its Privacy Notice available at the following link.

  Please note that all webinars are recorded by the MIA. Such recordings will be retained by the MIA for internal use.

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