Registration Time: 09:15
Sessions Time: 09:30 - 11:30 
Speakers: Mr Alan Craig - Member of the MIA's AML Committee

                   Mr Ian Bugeja - Senior Member of the Business Advisory Department MAZARS

                   Dr Mariella Grech - Secretary of the Sanctions Monitoring Board

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

A significant amount of new international sanctions are being imposed following the Russian invasion of Ukraine. With Malta being a leading European financial services center, our jurisdiction may be illicitly used by sanctioned persons to establish complex legal structures designed to conceal ownership and association with specific assets. As a consequence, the expectation for subject persons in Malta to employ a robust sanction monitoring framework has gained more traction. A paradigm shift is required by subject persons in the way sanction monitoring is managed.
While exploring the conceptual obligations on sanction screening, the session will delve into practical solutions that could be integrated within existing AML / CFT risk-based frameworks. In addition, together with various typologies developed by international bodies, the session will explore in detail red flags relating to the local context, giving practical examples.

SPECIFIC TOPICS TO BE COVERED DURING THE SESSION

• Key Stakeholders and Sanctions-Related Obligations

• Conceptual understanding of ML, TF, Proliferation financing and Circumvention

• Overview of the present sanction regime

• Ownership, control and red flags for proliferation and circumvention within the local context

• The need for a paradigm shift to sanction screening

• Integrating a risk-based sanctions screening program

A question and answer session at the end will give attendees the opportunity to place specific questions.

WHY IS THE SESSION OF RELEVANCE TO OUR MEMBERS?

The session will  seek to explain the current sanction regime and obligations arising therefrom. It will seek to provide clarity and guidance to both members and non-members on their responsibilities with respect to sanction monitoring and how these can be effectively integrated within their existing frameworks.

Target Audience

The session is targeted to all subject persons including accountants, auditors and corporate service providers. It is of specific interest to MLROs, directors, senior management, risk and compliance officers who are responsible to ensure an effective sanction monitoring framework.

Speakers' Profiles

Alan Craig is a member of the MIA’s Anti-Money Laundering Committee. He heads the Business Advisory team within Mazars in Malta and is responsible for a specialised and multi-tasked team of professionals with skills in cybersecurity, risk and control, forensics and investigations, financial crime compliance. He has worked closely with both the local competent authorities and business community in the field of financial crime compliance and investigations and is a Court appointed expert in financial crime. Alan is a certified public accountant.

Ian Bugeja is a senior member of the Business Advisory Department within Mazars and specializes in the provision of anti-money laundering related services focusing on compliance and controls-oriented engagements. He was involved in projects instituted by regulatory bodies and law-enforcement agencies including the analysis and review of complex corporate structures. As an appointed Court Expert, he is involved in forensic investigations relating to financial crime. Ian holds an MSc in Forensic Accounting and graduated from the University of Portsmouth in 2020.

Dr Mariella Grech is the Secretary of the Sanctions Monitoring Board and forms part of the Sanctions Unit within the Ministry for Foreign and European Affairs and Trade. She has participated in various outreach events organised by the SMB and has assisted the setting up of the Join Economic Financial Sanctions Implementation Task Force (JEFSI). Dr Grech is a graduate in law.

EVENT CPE COMPETENCES

2 Hours 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.