We shall analyse the latest FIAU penalties and establish the factors and shortcomings which led to such penalties, with the aim to learn and prevent these from taking place in our own entities. This would also involve making reference to various articles of the AML regulations, implementing procedures, guidance notes and good practice. Furthermore, a discussion on follow-up Directives will also be held and how Subject Persons require to prepare action place and the implementation thereof.
The Speaker
John Mark Caruana is one of the co-founders of Radix Compliance Ltd, a local company specialising in AML & GDPR consultancy and outsourcing services. John has over 13 years of experience within various industries, including funds, FX, investments, CSPs and Audit. John holds a B.Com (Hons) degree in Banking & Finance and a Masters of Science in Banking & Finance, both awarded by the University of Malta. He is also a Certified Information Privacy Professional (Europe) and a Certified Information Privacy Manager (CIPM) as recognised by the International Association of Privacy Professionals. John is also a member of the Malta Association of Compliance Officers (MACO). John occupies positions of MLRO, Data Protection Officer and Compliance Director within tax, accounting and gaming industries. He also lectures on AML & GDPR related topics at the University of Malta and other local institutions.