Dealing with Non-Reputable & High-Risk Jurisdictions - When is EDD necessary?

Working in a global village, business today is rarely limited to a Maltese footprint. Customers are attracted from all corners of the globe and subject persons are required to understand the money laundering and funding of terrorism risks this may expose them to. Confusion often arises between jurisdictions which are deemed to be 'non-reputable' vs 'high-risk', and how to treat customers linked to such countries. Dr Rakele Cini will be delving into these aspects while outlining the importance of conducting a jurisdiction risk assessment.

The Speaker

Dr Rakele Cini is an independent legal consultant with many years of experience in AML/CFT, regulatory and compliance advisory. She primarily advises local & international firms / practitioners operating within the regulated industries on matters relating to the prevention of money laundering & funding of terrorism, due diligence, risk management, good governance, and other compliance areas. She is invited to lecture regularly by private institutions and regulatory bodies on these topics. She was previously head of Risk & Compliance at BDO Malta and, prior to that, formed part of the practice protection group at Deloitte Malta for numerous years. Rakele is an active member of the PMLFT sub-committee at the Malta Institute of Accountants and the Institute of Financial Services Practitioners.