Registration Time: 13:15
Sessions Time: 13:30- 16:45  including a 15-minute break
Speakers: Ms Marija Balciunaite & Dr Sarah Attard Cassar
Venue:   Online Webinar

Participation Fees
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

A Customer Risk Assessment (CRA) is a key tool used to evaluate the level of risk posed by customers in order to prevent financial crime. As a fundamental component of customer due diligence -both at onboarding and throughout the business relationship - the CRA forms the backbone of any risk-based AML control framework. An effective CRA requires a well-structured methodology that allows subject persons to identify, measure, and categorise customer risks in a consistent and justifiable manner. This includes understanding relevant risk factors, selecting appropriate scoring or weighting techniques, determining when enhanced measures are needed, and ensuring that assessments remain dynamic and reflective of a customer’s evolving risk profile. During the webinar, we will explore these core elements and discuss practical guidance on designing and maintaining a robust CRA. We will cover methodological considerations, common challenges, and best practices to help you strengthen your risk assessment processes and support better compliance and risk management.

SPECIFIC TOPICS TO BE COVERED DURING THE SESSION

The webinar will amongst other things delve into and explore the following areas:
1. The role of the CRA and its significance within an effective AML control framework
2. Key preparatory steps and considerations prior to creating or updating a CRA
3. Methodological approaches and the end-to-end process of developing a CRA
4. Practical guidance and illustrative examples for implementing a robust CRA

This session is highly relevant to both members and non-members as it offers practical, actionable guidance on how subject persons can design, review, and enhance their Customer Risk Assessment. Participants will gain a clear understanding of the methodologies, key considerations, and best practices needed to ensure that their CRA is effective, proportionate, and aligned with regulatory expectations.

Target Audience

Professionals involved in AML/CFT compliance, risk management, customer due diligence, internal controls, or regulatory oversight - across all sectors subject to AML/CFT obligations.
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
8. Partners, directors and other persons responsible for governance
9. Business consultants and legal advisors

Speakers' Profiles

Marija Balciunaite is a Senior Compliance Manager at Forvis Mazars. She holds ACAMS, ICA, 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.

Sarah is the FCC Manager at Forvis Mazars and has extensive experience in the AML field, which she gained through her previous roles in the FIAU’s Enforcement Section and as a court litigator with a leading mid-tier law firm. Sarah is a warranted lawyer with a background in commercial and civil litigation, having represented clients before the

EVeNT CPE COMPETENCies

3  Core

WEBINARS TERMS AND CONDITIONS

Terms and conditions  apply

DISCLAIMER

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Please note that all webinars are recorded by the MIA. Such recordings will be retained by the MIA for internal use.