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M22043 - The International Money Transfer Market (Online)

  • 17 May 2022
  • 09:15 - 12:30
  • Online Webinar

Registration


Registration is closed
Registration Time: 09:00
Sessions Time: 09:15 - 12:30 
Speaker: Ms Jessica 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

International money transfer involves the flow of funds from one country to another, whereby several participants are involved in the cross-border transfer of money so as to clear and settle payments. The International Money Transfer Market has significantly grown in prominence, and is expected to continue to do so, due to the ever-increasing demand by businesses to transact with one another on a global scale. This training session will provide the audience with an overview of the applicable interbank payment systems, settlement systems, market participants involved in this sector, whilst also delving into the regulatory bodies, mechanisms and systems in place that oversee and regulate such transfers.

SPECIFIC TOPICS TO BE COVERED DURING THE SESSION

  • Introduction on the International Money Transfer Market.
  • The History of Banking
  • The Eurosystem’s real-time gross settlement system – TARGET 2.
  • A Central Banks’ role.
  • The European Central Bank’s role.
  • Retail payment systems and services – SEPA
  • International money transfer - SWIFT
  • Payment networks – Visa & Mastercard

WHY IS THE SESSION OF RELEVANCE TO OUR MEMBERS?

International payments are a very important element of business, in general. Whether a client’s business is local or global, interacting with international players is a generally a material aspect.

Target Audience

Financial advisors, accountants and finance lawyers, in-house counsel and advisors, any person interested in the mechanics of transferring funds on a cross-border basis and in how such transfers are regulated.

    Speaker's Profile

    Jessica Borg pursued her studies at the University of Malta first obtaining a Bachelor of Laws with Italian, followed by a Diploma of Notary Public and subsequently, graduating as a Doctor of Laws submitting a thesis in the field of contract law. Jessica then read for her Master of Arts in Financial Services degree at the University of Malta, in the pursuance of which she completed study units relating to securities regulation including funds, securities markets, the regulation of banking, EU financial services law, advanced company law matters, and the local legal framework of financial services, among others.
    Further to the conferment of the Master of Arts in Financial Services degree obtaining a Magna Cum Laude, Jessica was awarded the GM Corporate and Fiduciary Services Limited Prize for the best dissertation in financial services. Her dissertation is entitled ‘The Use of Distributed Ledger Technology and Smart Contracts in the Financial Services Industry: Legal Implications and Possible Applications’.
    Jessica has delivered training on various topics including capital markets, regulated industries, corporate governance, prevention of market abuse, blockchain and the virtual financial assets framework which regulates the issuance of cryptoassets in or from Malta. She is also currently reading a Master of Science in Blockchain and Distributed Ledger Technologies (Law and Regulation) at the University of Malta. As part of the said MSc, she is currently following study units on EU IT Law including an extensive analysis of the General Data Protection Regulation (GDPR) and all relevant local laws, rules, regulations and EU case-law which directly or indirectly relate to privacy and data protection. Jessica has also successfully obtained a Foundation Certificate in Trusts Law and Management.
    After a two year experience practicing with a local law firm specialising in the civil, commercial and private law service lines, Jessica joined Grant Thornton in 2015 focusing predominantly on the capital markets, fintech, digital assets, blockchain, innovation, financial services, corporate, trusts, compliance, capital markets, regulatory and licensing fields. She was responsible for the drafting of various contracts relating to the same areas, providing legal support for the set-up of various investment services vehicles, carrying out legal and regulatory due diligence on regulated entities, assisting with the drafting of public offering documentation, advising on corporate restructuring and regulatory compliance, drafting of license applications in the financial services sector, providing support of a legal and regulatory nature to licensed companies, and works alongside the tax and advisory teams providing legal input for projects and business plans.
    Jessica is a designated person in terms of the Virtual Financial Assets Act.
    Jessica is also a member of the Malta Chamber of Advocates.

    EVENT CPE COMPETENCES


    3 Hours Core


    WEBINARS TERMS AND CONDITIONS


    Terms and conditions  apply


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