PEP's, Sources of Wealth & Sources of Funds

This session focuses on the AML requirements relating to politically exposed persons (PEPs) and the assessment of source of wealth and source of funds. It provides a practical overview of the risk‑based approach, applicable regulatory obligations, and how financial analysis, documentation, and judgement are used to assess legitimacy and mitigate money laundering risk.

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.