Analysing FIAU Penalties 2024

The session will focus on the administrative penalties that were issued by the FIAU during 2024. The 'take aways' from these sessions will be highlighted and the most common issues found by the FIAU throughout their visits will be discussed in detail and addressed by explaining what is expected from Subject Persons to avoid such administrative penalties. The session is ideal for MLROs, Compliance Officers, Risk Officers, and Management of companies falling under the scope of AML regulations.

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.