Registration Time: 13:15
Sessions Time: 13:30 - 15:30 (no break)
Speaker: Dr Manfred Galdes
Venue: Online Webinar

Participation Fees (The Institute is now accepting payments via Paypal)
MIA Members: €28.00 
Non-MIA Members: €50.00
Retired Members: €15.00
Students: €20.00

*Group bookings for 3 or more participants available.

BACKGROUND INFORMATION

With the adoption of the 4th EU Anti-Money Laundering Directive and its transposition into Maltese law as from 1st January 2018, the risk-based approach in AML/CFT compliance took a new dimension – it not only became mandatory for all customer due diligence to be carried out on a risk-sensitive basis but centre stage in AML/CFT compliance was shifted onto the requirement to understand and manage money laundering and terrorism financing risk. The revised version of the FIAU Implementing Procedures (Part I) issued in July 2019 and the subsequent amendments to these rules, including those published last October, have now crystallised what subject persons are required to do to meet the regulator’s expectations. This two-hour session will not only cover the legal requirements, but practical guidance will be provided on the most effective ways in which a CRA, JRA and BRA should be conducted.

Why is the session of relevance to our members?

All accountants, except for those in employment, are required to apply customer due diligence on a risk-sensitive basis. This is only possible if a BRA is in place, jurisdictional risk is assessed in accordance with the FIAU implementing Procedures and every client relationship is subjected to a ML/FT risk assessment.

Target Audience 

All professionals and employees of companies subject to AML/CFT obligations

Speakers' Profile

A lawyer by profession, Manfred has over the past 20 years held leading roles in the area of regulatory and AML compliance. He leads a multi-disciplinary team at ARQ that advises major domestic financial institutions and top-tier gaming companies, assisting them in ensuring compliance with a range of applicable laws. He is also a non-executive director and chair of the Risk Committee of HSBC Malta plc, Co-chair of the AML Sub-Committee of the Malta Institute of Accountants and Strategy Director of the ACAMS Malta Chapter. Manfred is the former director of the FIAU, a position he held for eight years.

EVENT CPE COMPETENCES

2 Hours Core

WEBINARS TERMS AND CONDITIONS

Terms and conditions  apply

DISCLAIMER

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If registration is being affected by a company or other corporate entity on behalf of an attendee or the registering company or other corporate entity supplies to the MIA personal data of third parties, such as of employees, affiliates, management companies or service providers, the registering company or other corporate entity shall be solely responsible for making sure that the provision of such data to the MIA fully complies with applicable laws and the relevant person in regard to whom the data relates has been provided with the necessary information at law regarding the MIA’s processing of his personal data.
Any information notices, consents or other applicable requirements that may be required to be fulfilled for the provision of third party data to the MIA shall be borne solely by the registering company or other corporate entity. The registering company or other corporate entity hereby fully indemnifies the MIA and shall render the MIA completely harmless against all costs, damages or liability of whatsoever nature resulting from any claims or litigation (instituted or threatened) by any third party against the MIA as a result of the provision of any third party personal data to the MIA by the registering company or other corporate entity.

The Malta Institute of Accountants may take photos during this event. These images will be used by the Institute to share news about the event in newsletters, the Annual Report, The Accountant journal and printed publicity. Photos can also be published on MIA’s Facebook, Linkedln and Twitter. Such images may be used to publicise future events of the same nature and for reporting purposes.