AML vs GDPR

This three-hour online session will explore two critical legislative frameworks that every subject person must comply with: Prevention of Money Laundering and Financing of Terrorism (AML) and the General Data Protection Regulation (GDPR). While both aim to protect fundamental societal interests, AML combats financial crime, and GDPR safeguards personal data, there is often a perception that these laws are in conflict. Is that really the case?

Key Themes

Legislative Foundations
We will outline the core principles of AML and GDPR, highlighting their respective objectives and obligations for subject persons.

Perceived Tension vs Reality
Many believe AML’s requirements for data collection and sharing clash with GDPR’s strict data protection rules. We will examine whether this tension is genuine or more a matter of interpretation.

Coexistence and Compliance
Learn how these frameworks are designed to work together. We will discuss regulatory guidance and practical strategies for aligning AML obligations with GDPR requirements.

Practical Examples
Through real-world scenarios, we will demonstrate how organisations can manage customer due diligence, suspicious transaction reporting, and information-sharing partnerships while respecting privacy principles.

The Speaker

Ariane Azzopardi is a Director within the Quality and Risk Management function. She has over fifteen years’ experience in this field, and is the delegate of the Risk Management Partner at KPMG in Malta. She is involved in the implementation and monitoring compliance with quality and risk management policies and procedures in KPMG in Malta also handling compliance and risk management queries, including those related to the Prevention of Money Laundering and Financing of Terrorism (PMLFT) and ethics and independence. She delivers sessions on PMLFT at the KPMG roundtable and also at various other seminars and conferences.

Ariane is the chair of the PMLFT sub-committee at the Malta Institute of Accountants and a committee member of the PMLFT sub-committee at the Institute of Financial Services Practitioners.