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

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

Registration


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.
                   

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