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• M24084 - Accountants & Auditors Implementing Procedures Part II – A Refresher (Online)

  • When
    11 Sep 2024
  •  
    09:15 - 12:30
  • Location
    Online Webinar

  Register

  Registration Time: 09:00

  Sessions Time: 09:15 - 12:30  including a 15-minute break
  Speaker: Dr Rekele Cini
  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

  Auditors have been subject persons for many years, with the FIAU issuing sector-specific guidance in the form of Implementing Procedures Part II in 2022. Dr Rakele Cini will be delivering a targeted session to look at the specific obligations of accountants and auditors and how the industry has reacted to the provisions in this sought-after guidance document.

  SPECIFIC TOPICS TO BE COVERED DURING THE SESSION

  • The role of accountants & auditors as subject persons

  • What is a relevant activity?
  • What specific CDD requirements are there on accountants & auditors
  • What record-keeping requirements are there

  Why is the session of relevance to our members?

  This promises to be an insightful session focusing on a large industry in Malta, with professionals offering a wide range of services, at times capturing crucial AML/CFT obligations on such professionals.

  Target Audience

   Accountants; auditors; employees and officers of subject persons; compliance officers; risk officers

  Speaker's Profile

  Dr Rakele Cini is a legal consultant with many years of experience in AML/CFT, regulatory and compliance advisory. She primarily advises local & international firms / practitioners operating within the regulated industries on matters relating to the prevention of money laundering & funding of terrorism, due diligence, risk management, good governance, and other compliance areas. Dr Cini is an active member of the MIA AML Committee.

  EVeNT CPE COMPETENCies

  
  

  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.

  Show details
• M24096 - CRA – integrating the 2023 NRA findings (Online)

  • When
    13 Sep 2024
  •  
    09:30 - 11:30
  • Location
    Online Webinar

  Register

  Registration Time:09:15
  Sessions Time: 09:30- 11:30  No Break
  Speakers: Mr Alan Craig & Ms Alicia Vella
  Venue:   Online Webinar

  
  

  Participation Fees 
  MIA Members: €28

  Non-MIA Members: €50.00

  Retired Members: €15.00

  Students: €20.00

  *Group bookings for 3 or more participants available.

  
  

  BACKGROUND INFORMATION

  The 2023 National Risk Assessment (NRA) outlines the methodology and conclusions of the risk environment, providing a comprehensive sector-by-sector analysis. It is essential for financial professionals to understand the NRA's main findings, which include sector-specific risks including auditors, accountants, tax advisors, CSPs, and more. Subject persons are required to integrate the results of the NRA within their AML control framework.
  A Customer Risk Assessment (CRA) is a tool used to evaluate the risk level of customers to prevent financial crimes. Being a critical component of the customer due diligence measures at onboarding and thereafter, it is at the core of every risk-based AML control framework.
  The integration of the NRA's results into the CRA process is crucial. It ensures that the CRA reflects the latest risk assessments and regulatory expectations. This alignment helps in identifying local red flags, refining risk ratings, and enhancing the overall risk management framework.
  During the webinar we will explore these components and learn how to effectively integrate the NRA's findings into your CRA practices for better compliance and risk management.

  SPECIFIC TOPICS TO BE COVERED DURING THE SESSION

  The webinar will amongst other things delve into and explore the following areas:

  1.        The CRA and its importance in an effective control framework
  2.        The NRA focusing on the findings for relevant sectorial and other instruments
  3.        Benefits and requirements for updating the CRA with NRA findings
  4.        Methodology and approach to update CRA
  5.        Practical examples on how to update your CRA
  6.        Good practices to be adopted

  Why is the session of relevance to our members?

  The session is relevant to both members and non-members because it will provide a practical insight on how a subject person can update its CRA to reflect the NRA findings, ensuring enhanced effectiveness and compliance with local requirements.

  Target Audience

  The following persons will likely benefit from understanding how to align customer risk assessment with the 2023 NRA, ensuring they comply with the latest regulations and effectively manage risks associated with their clientele:

  1.    Accountants, auditors and tax advisors
  2.     MLROs and designated employees
  3.     Compliance officers
  4.     Risk management professionals
  5.     Internal auditors
  6.     Financial Services Professionals
  7.     Regulatory Bodies and Government Officials
  8.     Partners, directors and other persons responsible for governance
  9.     Business consultants and legal advisors
  10.  Students
  

  Speakers' Profiles

  Alan Craig heads the Business Advisory Department at Forvis Mazars and has been in practice for over 25 years. He has extensive experience in the field of anti-money laundering having assisted and advised both private entities and competent authorities. Alan is presently the deputy chairperson of the AML Committee of the MIA.

  Alicia Vella is a director within the advisory department at Forvis Mazars where she currently heads the Risk Advisory team who provide tailored risk, governance and internal control solutions. Alicia has extensive experience in anti-money laundering through her involvement in a number of AML engagements. Alicia is a Certified Internal Auditor, a certified AML specialist, a CPA and a member of the Malta Institute of Accountants.

  EVeNT CPE COMPETENCies

  2 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.

  Show details
• M24097 - Concealment of beneficial ownership – typologies and red flags (Online)

  • When
    4 Oct 2024
  •  
    09:30 - 11:30
  • Location
    Online Webinar

  Register

  Registration Time:09:15
  Sessions Time: 09:30- 11:30  No Break
  Speakers: Mr Alan Craig & Ms Marija Balciunaite
  Venue:   Online Webinar

  
  

  Participation Fees 
  MIA Members: €28

  Non-MIA Members: €50.00

  Retired Members: €15.00

  Students: €20.00

  *Group bookings for 3 or more participants available.

  
  

  BACKGROUND INFORMATION

  Understanding beneficial ownership is crucial for all subject persons to ensure transparency and compliance with Anti-Money Laundering (AML) regulations. Identifying red flags of ownership concealment, such as complex corporate structures, frequent changes in ownership, or the use of strawmen, is essential in detecting potential financial crimes. Recognizing these indicators early can prevent the facilitation of money laundering, fraud, and other illicit activities. This session will empower participants with the necessary knowledge and practical tools to spot and address these risks effectively. By being vigilant and well-informed, subject persons can significantly contribute to safeguarding financial integrity and ensuring regulatory compliance, thereby enhancing the overall security of the financial system.

  SPECIFIC TOPICS TO BE COVERED DURING THE SESSION

  The webinar will amongst other things delve into and explore the following areas:

  1.      Beneficial ownership and the need for identification and verification
  2.      Identification of beneficial ownership using the tiered approach
  3.      Reasons why natural persons conceal their involvements
  4.      The roles of enablers, professional money laundering and strawmen
  5.      Technique and arrangements used for concealment
  6.      Typologies and red flags
  7.      Real case studies

  Why is the session of relevance to our members?

  Attendees will gain crucial insights into the latest techniques used to conceal beneficial ownership, enabling them to identify and mitigate associated risks more effectively. By understanding common typologies and red flags, attendees can enhance their due diligence processes, ensuring compliance with regulatory requirements and protecting their organizations from potential financial crimes.
  

  Target Audience

  The following persons will likely benefit from understanding how to align customer risk assessment with the 2023 NRA, ensuring they comply with the latest regulations and effectively manage risks associated with their clientele:

  1.    Accountants, auditors and tax advisors
  2.     MLROs and designated employees
  3.     Compliance officers
  4.     Risk management professionals
  5.     Internal auditors
  6.     Financial Services Professionals
  7.     Regulatory Bodies and Government Officials
  8.     Partners, directors and other persons responsible for governance
  9.     Business consultants and legal advisors
  10.  Students
  

  Speakers' Profiles

  Alan Craig heads the Business Advisory Department at Forvis Mazars and has been in practice for over 25 years. He has extensive experience in the field of anti-money laundering having assisted and advised both private entities and competent authorities. Alan is presently the deputy chairperson of the AML Committee of the MIA.

  Marija Balciunaite is a Compliance Manager at Forvis Mazars. She holds ACAMS and CCI certifications and has previously worked for leading financial services companies such as PayPal and Western Union. Her diverse experience spans multiple jurisdictions, including Lithuania and Ireland. Marija now continues her professional journey in Malta, bringing a wealth of international expertise to her role.

  EVeNT CPE COMPETENCies

  2 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.

  Show details
• M24072 - PEPs: The risk-based approach (Online)

  • When
    9 Oct 2024
  •  
    13:30 - 15:30
  • Location
    Online Webinar

  Register

  Registration Time:13:15
  Sessions Time: 13:30- 15:30  No Break
  Speakers: Dr Elizabeth Borg
  Venue:   Online Webinar

  
  

  Participation Fees 
  MIA Members: €28

  Non-MIA Members: €50.00

  Retired Members: €15.00

  Students: €20.00

  *Group bookings for 3 or more participants available.

  
  

  BACKGROUND INFORMATION

  While PEP status itself isn't indicative of criminal behaviour, the heightened risk prompts subject persons to adopt stringent AML/CFT precautions. This webinar seeks to provide a pragmatic approach as to ‘when' and 'how' to conduct appropriate levels of due diligence, while shedding light on the intricacies that make this process less than straightforward.
  

  SPECIFIC TOPICS TO BE COVERED DURING THE SESSION

  • Understanding the regulatory framework in relation to PEP

  • Understanding the definition of a Politically Exposed Persons

  • Defining family members of PEPs

  • Defining close associates of PEPs

  • Understanding the methods to adopt to define PEPs

  • Adopting a risk based approach when carrying out due diligence on PEPs - Enhanced due diligence measures for the above

  • Ongoing monitoring of business relationships involving PEP

  • Understanding the regulatory framework in relation to PEP
  • Understanding the definition of a Politically Exposed Persons
  • Defining family members of PEPs
  • Defining close associates of PEPs
  • Understanding the methods to adopt to define PEPs

  • Adopting a risk based approach when carrying out due diligence on PEPs - Enhanced due diligence measures for the above

  • Ongoing monitoring of business relationships involving PEP

  Why is the session of relevance to our members?

  When dealing with Politically Exposed Persons, or 'PEPs',  subject persons are obliged to have in place procedures to be able to identify who qualifies as a PEP and how to treat such individuals. Such procedures may at times be tricky to implement, particularly when a risk-based approach is adopted. This seminar shall equip participants with the knowledge and skills of how a subject person shall perform various enhanced due diligence measures in line with the risks involved within a business relationship. Moreover, the webinar shall delve also into the latest developments in relation to regulation related to PEPs

  Target Audience

  • Subject Persons

  • Compliance officers

  • Client facing employees

  • MLROs

  • Monitoring Functions

  • Directors of subject persons

  • Compliance executives

  • Students wishing to pursue a career in compliance

  Speaker's Profile

  
  

  Dr. Elizabeth Sammut Borg, a seasoned lawyer and compliance specialist, currently holds the
  position of Money Laundering Reporting Officer (MLRO) for both CSP and Retirement Pension
  Scheme companies. Previously, Elizabeth headed the the compliance and legal division as
  Director of Legal and Compliance at Dixcart Management Malta Limited, serving also as MLRO
  and Compliance Officer on companies licenced to offer CSP and trustee services.
  As a dedicated compliance specialist, Elizabeth focuses on navigating the intricate landscape
  of anti-money laundering and counter-financing of terrorism regulations as well as specialising
  in regulatory compliance for CSPs and trustees. Her extensive experience extends to serving
  as MLRO for CSPs, Trustees, and Fiduciaries, as well as retirement pension schemes
  companies. Beyond her role, Elizabeth provides AML training and guidance contributing to
  the development and enhancement of compliance standards within the industry.
  Dr Borg graduated as a lawyer in 2010, subsequently reading Master’s Degree in International
  Criminal Law, with the United Nations Interregional Crime Institute in Turin. Before joining
  Dixcart, Elizabeth served as an employment law prosecutor and also worked at the Court of
  the European Union in Luxembourg, as a legal jurist in the research and documentation
  department

  EVeNT CPE COMPETENCies

  2 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.

  Show details
• M24073 - A FIAU Compliance Visit: Are you prepared? (Online)

  • When
    14 Nov 2024
  •  
    13:30 - 16:45
  • Location
    Online Webinar

  Register

  Registration Time: 13:15
  Sessions Time: 13:30 - 16:45  including a 15-minute break
  Speaker: Dr Elizabeth Borg
  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

  Over the past years, regulators have considerably stepped up their enforcement role, and this is evident from the hefty fines being imposed, the publication of such fines, and the subject persons in question. The aim of this webinar is to provide Subject Persons an overview of the supervisory and enforcement function within the FIAU and how the compliance review process is carried out. The course shall further delve into the types of compliance visits carried out by the FIAU, the expected procedures and timelines of such visits. An overview of the most common findings as well as examples of best practices shall also be discussed during the course..

  SPECIFIC TOPICS TO BE COVERED DURING THE SESSION

  • What is expected from the Supervisory Authorities

  • The key objectives of an AMLCFT visit

  • The process and timelines of the AMLCFT visit

  •  What to focus on and what to improve

  •  Administrative penalties

  •  Most common findings by the FIAU

  Why is the session of relevance to our members?
  

  Compliance visits are a necessary part of the regulator’s function, proactively monitoring adherence to regulations. The webinar aims to help participants to understand and prepare for compliance visits by the FIAU and shall provide insights into what to anticipate during such visits and what is expected from Subject Persons. This workshop aims to alleviate concerns Subject Persons may have about compliance visits and empower them to enhance their processes for regulatory compliance.

  Target Audience

  • Subject Persons

  • Compliance officers

  • MLROs

  • Monitoring Functions

  • Directors of subject persons

  • Compliance executives

  • Students wishing to pursue a career in compliance

  Speaker's Profile

  Dr. Elizabeth Sammut Borg, a seasoned lawyer and compliance specialist, currently holds the
  position of Money Laundering Reporting Officer (MLRO) for both CSP and Retirement Pension
  Scheme companies. Previously, Elizabeth headed the the compliance and legal division as
  Director of Legal and Compliance at Dixcart Management Malta Limited, serving also as MLRO
  and Compliance Officer on companies licenced to offer CSP and trustee services.
  As a dedicated compliance specialist, Elizabeth focuses on navigating the intricate landscape
  of anti-money laundering and counter-financing of terrorism regulations as well as specialising
  in regulatory compliance for CSPs and trustees. Her extensive experience extends to serving
  as MLRO for CSPs, Trustees, and Fiduciaries, as well as retirement pension schemes
  companies. Beyond her role, Elizabeth provides AML training and guidance contributing to
  the development and enhancement of compliance standards within the industry.
  Dr Borg graduated as a lawyer in 2010, subsequently reading Master’s Degree in International
  Criminal Law, with the United Nations Interregional Crime Institute in Turin. Before joining
  Dixcart, Elizabeth served as an employment law prosecutor and also worked at the Court of
  the European Union in Luxembourg, as a legal jurist in the research and documentation
  department

  EVeNT CPE COMPETENCies

  
  

  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.

  Show details
• M24074 - EDD: Dealing with Non-Reputable and High Risk Jurisdictions (Online)

  • When
    5 Dec 2024
  •  
    13:30 - 15:30
  • Location
    Online Webinar

  Register

  Registration Time:13:15
  Sessions Time: 13:30- 15:30  No Break
  Speakers: Dr Elizabeth Borg
  Venue:   Online Webinar

  
  

  Participation Fees 
  MIA Members: €28

  Non-MIA Members: €50.00

  Retired Members: €15.00

  Students: €20.00

  *Group bookings for 3 or more participants available.

  
  

  BACKGROUND INFORMATION

  More often than not, the terms ‘High-Risk’ and ‘Non-Reputable’ countries are often used interchangeably within the context of Anti-Money Laundering and Countering the Financing of Terrorism (AMLCFT).  The course aims to help Subject Persons to distinguish between the two jurisdictional concepts as well helps them identify what are the measures required to be adopted by the Subject Person.  The course shall review the different sources that may be utilised by a Subject Person. The course shall equip participants with the necessary know-how of how to apply the risk-based approach when faced with high-risk and non-reputable jurisdictions  
  

  SPECIFIC TOPICS TO BE COVERED DURING THE SESSION

  • Understanding the concept of non-reputable jurisdictions 

  • Referring to FATF documents & European Commission Delegated Regulation identifying High Risk Third Countries 

  • Understanding the concept of high risk jurisdictions 

  • The risk-based approach 

  • Measures to adopt to implement EDD

  Why is the session of relevance to our members?

  In this connection, when dealing with natural or legal persons established or linked with a non-reputable jurisdiction,subject persons are explicitly required to apply commensurate EDD (Enhanced Due Diligence) measures accordingly. The course shall provide participants with the necessary knowledge to identify the right measures to adopt in case of high risk and non-reputable jurisdictions 

  Target Audience

  
  

  • Subject Persons

  • Compliance officers

  • MLROs

  • Monitoring Functions

  • Directors of subject persons

  • Compliance executives

  Speaker's ProfilE

  Dr. Elizabeth Sammut Borg, a seasoned lawyer and compliance specialist, currently holds the
  position of Money Laundering Reporting Officer (MLRO) for both CSP and Retirement Pension
  Scheme companies. Previously, Elizabeth headed the the compliance and legal division as
  Director of Legal and Compliance at Dixcart Management Malta Limited, serving also as MLRO
  and Compliance Officer on companies licenced to offer CSP and trustee services.
  As a dedicated compliance specialist, Elizabeth focuses on navigating the intricate landscape
  of anti-money laundering and counter-financing of terrorism regulations as well as specialising
  in regulatory compliance for CSPs and trustees. Her extensive experience extends to serving
  as MLRO for CSPs, Trustees, and Fiduciaries, as well as retirement pension schemes
  companies. Beyond her role, Elizabeth provides AML training and guidance contributing to
  the development and enhancement of compliance standards within the industry.
  Dr Borg graduated as a lawyer in 2010, subsequently reading Master’s Degree in International
  Criminal Law, with the United Nations Interregional Crime Institute in Turin. Before joining
  Dixcart, Elizabeth served as an employment law prosecutor and also worked at the Court of
  the European Union in Luxembourg, as a legal jurist in the research and documentation
  department

  EVeNT CPE COMPETENCies

  2 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.

  Show details