Directors, shareholders, company secretaries and or other officers managing trusts, foundations, co-operatives and senior managerial position holders.
- Maximum 8 attendees
- 30 days of one to one support
- Programme director/s with at least a Masters Degree in the subject
- Convenient morning timings or in-house at any time for a minimum of two bookings
- Can be configured to address a number of professions and industry sectors
- Via Skype Interactive Environment
- Available in-house for a minimum of two bookings at no extra cost
EUR495 ex VAT per participant.
Our Service Warranty
Anti-Money Laundering and Prevention of Funding of Terrorist Obligations for Directors' and Managers Masterclass
With growing pressures to address money laundering and funding of terrorism crimes, the implications on company directors and management in general are increasing not only for entities involved in finance but also in general economic operations.
- Are you involved in the financial services, real estate or big-ticket industry?
- Have you ever considered that your business can be used by third parties for money laundering?
- How much do you know your clients?
- Do you know your legal duties as a director, company secretary, manager or employee under the various money laundering legislation?
- Do you know that we all have a duty to report any suspicious money laundering or funding of terrorism activity related to our business?
- Are you conscious of the Financial Intelligence Analysis Unit (FIAU)'s remit and its investigative powers not only to collect information and pass it to the police but also to investigate and potentially prosecute suspects?
- Have you assessed the management and legal implications of the restrictions in cash transactions for your business?
This programme will provide attendees with
- Key concepts of money laundering from a practical aspect
- International AML and CFT framework and implications on the Maltese jurisdiction
- Legal Setup
- EU Legal Setup
- FATF (Financial Action Task Force) Recommendations and Implications for SMEs
- Understanding the obligations due by any officer/manager in the company or other association having a legal personality
- Risk-Based Approach to Customer Due Diligence and Know Your Customers
- Reputational Risk and how to manage them
- How to implement a suspicion recognition mechanism in a cost-effective way
- Whistleblowers and how they may affect our operations
Key concepts of money laundering from a practical aspect
We review that is meant by money laundering and how it can affect shareholders, directors and the operation of business when third parties may use your operational services and what are the legal implications thereof.
International AML and CFT framework and implications on the Maltese jurisdiction
We review the international legal setup and international implications of being used by criminals without your knowledge and the legal implications in Malta and other international jurisdictions.
We review the key legislations and the principles established that as company officers or owners we have to be vigilant about.
EU Legal Setup
We also look at the regulations at EU level which have jurisdiction on the Maltese operation or any other operation thereof in another country within or outside the EU.
FATF (Financial Action Task Force) Recommendations and Implications for SMEs
Review of the function of the FATF and the implications of their monitoring and report on the Maltese jurisdiction in terms of money laundering and funding of terrorism
Understanding the obligations of any officer/manager in the company or other association having a legal personality
We look into the obligations of shareholders and any officer holding a position in a legal structure (directors, company secretaries or other officers in a trust, foundation, association or any other legal setup) in Malta
Whistleblowers and how they may affect our operations
We look at the implications and obligations towards whistleblowers and how they have to be managed in order to be legally compliant with the law and its spirit.
Risk-Based Approach to Customer Due Diligence and Know Your Customers
We look at the risk-based approach to customer due diligence and the implications on operations and the importance of knowing the customers as an ongoing process where the relationship is a long term/operational.
Reputational Risk and how to manage it.
How to manage a company/association reputation risk and the importance of maintaining the industry reputation from an operational point of view and implications if this risk becomes too high from operations point of view.
How to implement a suspicion recognition mechanism in a cost-effective way
We look at the practical aspects of having an early detections system to recognise risk in a cost-effective way without hindering operations.
Directors' Personal Criminal Responsibilities
We look at the key responsibilities directors of any company have under the rigorous AML and PFTO obligations and how to address them.