AML & Data Regulations

The lecture will go through the main regulations of AML, including the obligations of subject persons in relation to identification and verification of customers and UBOs. Such obligations lead to the processing of personal data. In this context, the GDPR will also be discussed, and the overlap between the two regulations is analysed. This includes the areas of data subjects' rights, including the right to erasure of data and the right to halt processing of data. The importance of internal procedures and communication between the MLRO and the DPO will also be assessed.

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.