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M24072 - PEPs: The risk-based approach (Online)

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

Registration


Registration is closed
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

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.
                   

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