Registration Time:09:15
Sessions Time: 09:30- 11:30  No Break
Speakers: Mr Alan Craig & Ms Marija Balciunaite
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

Understanding beneficial ownership is crucial for all subject persons to ensure transparency and compliance with Anti-Money Laundering (AML) regulations. Identifying red flags of ownership concealment, such as complex corporate structures, frequent changes in ownership, or the use of strawmen, is essential in detecting potential financial crimes. Recognizing these indicators early can prevent the facilitation of money laundering, fraud, and other illicit activities. This session will empower participants with the necessary knowledge and practical tools to spot and address these risks effectively. By being vigilant and well-informed, subject persons can significantly contribute to safeguarding financial integrity and ensuring regulatory compliance, thereby enhancing the overall security of the financial system.

SPECIFIC TOPICS TO BE COVERED DURING THE SESSION

The webinar will amongst other things delve into and explore the following areas:

1.      Beneficial ownership and the need for identification and verification
2.      Identification of beneficial ownership using the tiered approach
3.      Reasons why natural persons conceal their involvements
4.      The roles of enablers, professional money laundering and strawmen
5.      Technique and arrangements used for concealment
6.      Typologies and red flags
7.      Real case studies

Why is the session of relevance to our members?

Target Audience

The following persons will likely benefit from understanding how to align customer risk assessment with the 2023 NRA, ensuring they comply with the latest regulations and effectively manage risks associated with their clientele:

1.    Accountants, auditors and tax advisors
2.     MLROs and designated employees
3.     Compliance officers
4.     Risk management professionals
5.     Internal auditors
6.     Financial Services Professionals
7.     Regulatory Bodies and Government Officials
8.     Partners, directors and other persons responsible for governance
9.     Business consultants and legal advisors
10.  Students

Speakers' Profiles

Alan Craig heads the Business Advisory Department at Forvis Mazars and has been in practice for over 25 years. He has extensive experience in the field of anti-money laundering having assisted and advised both private entities and competent authorities. Alan is presently the deputy chairperson of the AML Committee of the MIA.

Marija Balciunaite is a Compliance Manager at Forvis Mazars. She holds ACAMS and CCI certifications and has previously worked for leading financial services companies such as PayPal and Western Union. Her diverse experience spans multiple jurisdictions, including Lithuania and Ireland. Marija now continues her professional journey in Malta, bringing a wealth of international expertise to her role.

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.